Principal Obligation and Interest Sample Clauses

Principal Obligation and Interest. For value received, Maker promises to pay to Holder at such place as Holder may designate in writing, in currently available funds of the United States, the principal sum of Two Hundred Ten Thousand Dollars ($210,000). Maker’s obligation under this Note shall accrue interest at the rate of five percent (5%) per annum from the date hereof until paid in full. Interest shall be computed on the basis of a 365-day year or 366-day year, as applicable and actual days lapsed.
Sample 1See All (8)
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Principal Obligation and Interest. For value received, Maker promises to pay to Holder at 0000 X. Xxxx Xxxxxxx Xxxx, Xxx Xxxxx, XX 00000, or at such other place as Holder may designate in writing, in currently available funds of the United States, all funds advanced to Maker by Holder under the terms of this Note, of up to a maximum principal obligation of Two Hundred Fifty Thousand United States Dollars. Maker’s obligation under this Note shall accrue interest at the rate of One Percent (1.0%) per month from the date hereof until paid in full. Interest shall be computed on the basis of a 365-day year or 366-day year, as applicable, and actual days lapsed.
Sample 1Sample 2See All (4)
Principal Obligation and Interest. For value received, Maker promises to pay to Holder at such place as Holder may designate in writing, in currently available funds of the United States, the principal sum of Two Hundred Twelve Thousand,
Sample 1
Principal Obligation and Interest. For value received, Maker promises to pay to Holder, in currently available funds of the United States, the principal sum of Twelve Xxxxxxx Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars ($12,200,000 USD). Maker’s obligation under this Note shall accrue interest at the following rates per annum: Year Annual Interest 2012 3% 2013 4% 2014 5% 2015 6% 2016 7% 2017 8% 2018 & Beyond 9% Interest shall be computed on the basis of a 365-day year or 366-day year, as applicable, and actual days lapsed. In the event future monthly revenue received by Maker from the “Assets,” as defined in the Asset Purchase Agreement of even date herewith, is less than 90% of the Notes monthly payment due to Holder, then the Note payments may, at Maker’s option, be adjusted to the higher of $100,000 per month or 90% of the monthly revenue amount. If Maker engages this payment adjustment election, the Note shall not be deemed in default and the interest rate of the Note, as depicted in the table in this Section 1, shall increase 2% per annum for this duration of the Note or until the standard payment schedule resumes.
Sample 1
Principal Obligation and Interest. For value received, Maker promises to pay to Holder at 00000 XX Xxxxxxxxx Xxxx, Xxxxxxxx, XX 00000, or at such other place as Holder may designate in writing, in currently available funds of the United States, the principal sum of Twenty
Sample 1
Principal Obligation and Interest. For value received, Maker promises to pay to Holder at _______________[Holder Address], or at such other place as Holder may designate in writing, in currently available funds of the United States, the principal sum of Three Hundred Hundred Thousand U.S. DOLLARS ($300,000). Maker’s obligation under this Note shall accrue simple interest at the rate of FIFTEEN PERCENT (15%) per annum from the date hereof until paid in full. Interest shall be computed on the basis of a 365-day year or 366-day year as applicable, and actual days lapsed.
Sample 1
Principal Obligation and Interest. For value received, Maker promises to pay to Holder at 200 – 000 Xxxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx X0X 0X0, or at such other place as Holder may designate in writing, in currently available funds of the United States, the principal sum of ONE HUNDRED AND FIFTY THOUSAND DOLLARS ($150,000.00). Makers’ obligation under this Note shall accrue simple interest at the rate of SEVEN AND ONE-HALF percent (7.5%) per month from the date hereof until paid in full.
Sample 1
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Principal Obligation and Interest. This Note completely supersedes and replaces that certain Demand Promissory Note entered into between Regenicin, Inc. and NPNC Management, LLC on August 2, 2010 in the principal amount of $150,000. For value received, Maker promises to pay to Holders at 0000 X Xxxx Xxxxxxx XX, Xxx Xxxxx, XX 00000, or at such other place as Holders may designate in writing, in currently available funds of the United States, the principal sum of Two Hundred and Eighty-Five Thousand Dollars ($285,000) in such allocable proportions among the Holders as provided in the attached Schedule "A" attached hereto.
Sample 1

Related to Principal Obligation and Interest

  • Late Charge and Interest Tenant acknowledges and agrees that the late payment of any Rent will cause Landlord to incur additional costs, including administration and collection costs, processing and accounting expenses, and increased debt service (the “Delinquency Costs”). If Landlord has not received any installment of Rent when due, Tenant shall pay a late charge (the “Late Charge”) equal to ten percent (10%) of the delinquent amount. Tenant agrees that the Late Charge represents a reasonable estimate of the Delinquency Costs that will be incurred by Landlord. In addition, Tenant shall pay interest on all delinquent amounts from the date the amount was due until the date the amount is paid in full at a rate per annum (the “Applicable Interest Rate”) equal to the lesser of (a) the maximum interest rate permitted by law or (b) five percent (5%) above the reference rate (the “Reference Rate”) publicly announced by Bank of America, NA. (or if Bank of America, NA. ceases to exist, the largest bank then headquartered in the State of California) (the “Bank”). If the Bank discontinues use of the Reference Rate, then the term “Reference Rate” will mean the announced rate charged by the Bank, from time to time instead of the Reference Rate. Landlord and Tenant agree that it is difficult to ascertain the damage that Landlord will suffer as a result of the late payment of any Rent and that the Late Charge and interest are the best estimates of the damage that Landlord will suffer in the event of late payment. If a Late Charge becomes payable for any two (2) installments of Rent within any twelve (12) month period, then all Rent will automatically become due and payable quarterly in advance.

  • Repayment of Principal and Interest (a) The entire outstanding principal balance of the Loans shall be due and payable by no later than 5:00 p.m. (Eastern time) on the Business Day on which the Loan is due, together with all remaining accrued and unpaid interest thereon, unless an extension of no more than three additional days is authorized by the Lending Company.

  • Payments of Principal and Interest (a) Payments on Notes issued as Book-Entry Notes will be made by or on behalf of the Indenture Trustee to the Clearing Agency or its nominee. Any installment of interest or principal payable on any Definitive Notes that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Record Date for such Payment Date by either (i) check mailed to such Person's address as it appears in the Note Register on such Record Date, or (ii) by wire transfer of immediately available funds to the account of a Noteholder, if such Noteholder (A) is the registered holder of Definitive Notes having an initial principal amount of at least $1,000,000 and (B) has provided the Indenture Trustee with wiring instructions in writing by five Business Days prior to the related Record Date or has provided the Indenture Trustee with such instructions for any previous Payment Date, except for the final installment of principal payable with respect to such Note (or the Redemption Price for any Note called for redemption, if such redemption will result in payment of the then entire unpaid principal amount of such Note), which shall be payable as provided in subsection (b) below of this Section 2.08. A fee may be charged by the Indenture Trustee to a Noteholder of Definitive Notes for any payment made by wire transfer. Any installment of interest or principal not punctually paid or duly provided for shall be payable as soon as funds are available to the Indenture Trustee for payment thereof, or if Section 5.07 applies, pursuant to Section 5.07.

  • Payment of Principal and Interest; Defaulted Interest (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

  • Distributions and Interest Amount (i) Interest Rate. "

  • Payments of Principal and Interest Prepayments Fees Section 3.01 Repayment of Loans 35 Section 3.02 Interest 35 Section 3.03 Alternate Rate of Interest 36 Section 3.04 Prepayments 37 Section 3.05 Fees 38 ARTICLE IV PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS

  • Interest and Interest Rate (a) The Designated Securities will bear interest from March 1, 2019 or from the most recent date through which the Issuer has paid or provided for interest on the Designated Securities at an annual rate of 5.520%.

  • Payment of Principal and Interest The Company covenants and agrees that it will cause to be paid the principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, each of the Notes at the places, at the respective times and in the manner provided herein and in the Notes.

  • Principal and Interest This Note will bear interest in the same manner as set forth in Section 3(a) above, and payments of principal and interest shall be made as set forth on the face hereof. Discount Notes may not bear any interest currently or may bear interest at a rate that is below market rates at the time of issuance. The difference between the Issue Price of a Discount Note and par is referred to as the “Discount”.

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