Principal Payment. The Company shall pay to the Holder, in cash on or before the Maturity Date, the original unpaid principal amount of this Debenture (plus unpaid accrued interest thereon); provided, that if the Maturity Date is not a business day, such payment shall be made on the next succeeding business day. The Principal Payment that is due in cash and which is not paid on the Maturity Date shall bear interest until paid at the Default Interest Rate.
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Samples: Subscription Agreement (VG Life Sciences, Inc.), Subscription Agreement (VG Life Sciences, Inc.), Subscription Agreement (VG Life Sciences, Inc.)
Principal Payment. The Company shall pay to the Holder, in cash on or before the Maturity Date, the original unpaid principal amount of this Debenture (plus unpaid accrued interest thereon); provided, that if the Maturity Date is not a business day, such payment shall be made on the next succeeding business day. The Principal Payment that is due in cash and which is not paid on the Maturity Date shall bear interest until paid at the Default Interest Rate.
Appears in 1 contract
Samples: VG Life Sciences, Inc.
Principal Payment. The Company shall pay to the Holder, in cash on or before the Maturity Date, the original unpaid principal amount of this Debenture (plus unpaid accrued interest thereon); provided, that if the Maturity Date is not a business day, such payment shall be made on the next succeeding business day. The Principal Payment that is due in cash and which is not paid on the Maturity Date shall shill bear interest until paid at the Default Interest RateRate of eighteen percent (18%).
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