Common use of Principal Obligation and Interest Clause in Contracts

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.

Appears in 1 contract

Samples: Release and Indemnity Agreement (Sydys Corp)

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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 Two Hundred Ten Thousand Dollars U.S. DOLLARS ($210,000200,000). Maker’s obligation under this Note shall accrue simple interest at the rate of five percent FIFTEEN PERCENT (515%) 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 yearyear as applicable, as applicable and actual days lapsed.

Appears in 1 contract

Samples: And Security Agreement (Crown Alliance Capital LTD)

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 amount of Two Hundred Ten Thousand Dollars ($210,000)1,150,000. Maker’s obligation under this Note shall accrue simple interest at the rate of five percent (5%) 6.0% per annum year 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 applicable, and actual days lapsed.

Appears in 1 contract

Samples: Diamond Purchase Agreement (Precious Investments, Inc.)

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 Two Hundred Ten Thousand Dollars ONE MILLION U.S. DOLLARS ($210,0001,000,000). Maker’s obligation under this Note shall accrue simple interest at the rate of five percent FIFTEEN PERCENT (515%) 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 yearyear as applicable, as applicable and actual days lapsed.

Appears in 1 contract

Samples: And Security Agreement (Crown Alliance Capital LTD)

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)Fifty-Five Thou sand U.S. DOLLARS. Maker’s obligation under this Note shall accrue interest at the rate of five one percent (51.0%) 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 applicable, and actual days lapsed.

Appears in 1 contract

Samples: Myriad Interactive Media, Inc.

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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 amount of Two Hundred Ten Thousand Dollars ($210,000)1,700,000. Maker’s obligation under this Note shall accrue simple interest at the rate of five percent (5%) 6.0% per annum year 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 applicable, and actual days lapsed.

Appears in 1 contract

Samples: Diamond Purchase Agreement (Precious Investments, Inc.)

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 ten percent (510%) 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.

Appears in 1 contract

Samples: Globe Photos, Inc.

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 twelve percent (512%) 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.

Appears in 1 contract

Samples: Globe Photos, Inc.

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