Common use of Terms, Form and Denomination of Debenture Clause in Contracts

Terms, Form and Denomination of Debenture. (a) This Debenture shall be designated as a “Debenture due May _____, 2020”. (b) The outstanding principal amount of this Debenture shall bear interest from and including the Commencement Date to but excluding the Maturity Date, as applicable, at the rate of ten (10%) per cent per annum compounded annually and payable on the Maturity Date, provided that the Company may prepay at any time the whole or any part of this Debenture in accordance with Section 2.4(d).

Appears in 2 contracts

Samples: Subscription Agreement (Newgioco Group, Inc.), Subscription Agreement (Newgioco Group, Inc.)

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Terms, Form and Denomination of Debenture. (a) This Debenture shall be designated as a "Debenture due May _June ____, 2020”2019". (b) The outstanding principal amount of this Debenture shall bear interest from and including the Commencement Date to but excluding the Maturity Date, as applicable, at the rate of ten (10%) per cent per annum compounded annually and with no compounding of interest payable on the Maturity Date, provided that the Company may prepay at any time anytime the whole or any part of this Debenture in accordance with Section 2.4(dsection 2.4(c).

Appears in 1 contract

Samples: Subscription Agreement (Newgioco Group, Inc.)

Terms, Form and Denomination of Debenture. (a) This Debenture shall be designated as a "Debenture due May _____January 24, 2020”2019". (b) The outstanding principal amount of this Debenture shall bear interest from and including the Commencement Date to but excluding the Maturity Date, as applicable, at the rate of ten (10%) per cent per annum compounded annually and payable on the Maturity Date, provided that the Company may prepay at any time anytime the whole or any part of this Debenture in accordance with Section 2.4(dsection 2.4(c).

Appears in 1 contract

Samples: Subscription Agreement (Newgioco Group, Inc.)

Terms, Form and Denomination of Debenture. (a) This Debenture shall be designated as a "Debenture due May _March ____, 2020”2019". (b) The outstanding principal amount of this Debenture shall bear interest from and including the Commencement Date to but excluding the Maturity Date, as applicable, at the rate of ten (10%) per cent per annum compounded annually and with no compounding of interest payable on the Maturity Date, provided that the Company may prepay at any time anytime the whole or any part of this Debenture in accordance with Section 2.4(dsection 2.4(c).

Appears in 1 contract

Samples: Subscription Agreement (Newgioco Group, Inc.)

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Terms, Form and Denomination of Debenture. (a) This Debenture shall be designated as a "Debenture due May _February ____, 2020". (b) The outstanding principal amount of this Debenture shall bear interest from and including the Commencement Date to but excluding the Maturity Date, as applicable, at the rate of ten (10%) per cent per annum compounded annually and with no compounding of interest payable on the Maturity Date, provided that the Company may prepay at any time anytime the whole or any part of this Debenture in accordance with Section 2.4(dsection 2.4(c).

Appears in 1 contract

Samples: Subscription Agreement (Newgioco Group, Inc.)

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