Common use of Specified Interest Clause in Contracts

Specified Interest. Notwithstanding anything to the contrary in this Note, for purposes of calculating interest on this Note due on October 15, 2022 and January 15, 2023, the outstanding principal amount of this Note shall be deemed to be Two Million Five Hundred Thousand ($2,500,000) until November 15, 2022, as may be further reduced by amortization payments made in accordance with Section 6(b) on such date and thereafter.

Appears in 1 contract

Samples: 10.0% Note (Stronghold Digital Mining, Inc.)

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Specified Interest. Notwithstanding anything to the contrary in this Note, for purposes of calculating interest on this Note due on October 15, 2022 and January 15, 2023, the outstanding principal amount of this Note shall be deemed to be Two Twenty-Five Million Five Hundred Thousand Dollars ($2,500,00025,000,000) until November 15, 2022, as may be further reduced by amortization payments made in accordance with Section 6(b) on such date and thereafter.

Appears in 1 contract

Samples: 10% Note (Stronghold Digital Mining, Inc.)

Specified Interest. Notwithstanding anything to the contrary in this Note, for purposes of calculating interest on this Note due on October 15, 2022 and January 15, 2023, the outstanding principal amount of this Note shall be deemed to be Two Million Five Hundred Thousand [ ] Dollars ($2,500,000$ ) until November 15, 2022, as may be further reduced by amortization payments made in accordance with Section 6(b) on such date and thereafter.

Appears in 1 contract

Samples: Security Agreement (Stronghold Digital Mining, Inc.)

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Specified Interest. Notwithstanding anything to the contrary in this Note, for purposes of calculating interest on this Note due on October 15, 2022 and January 15, 2023, the outstanding principal amount of this Note shall be deemed to be Two Million Five Hundred Thousand Six Million, two-hundred and fifty thousand Dollars ($2,500,0006,250,000) until November 15, 2022, as may be further reduced by amortization payments made in accordance with Section 6(b) on such date and thereafter.

Appears in 1 contract

Samples: 10.0% Note (Stronghold Digital Mining, Inc.)

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