Interest. Interest shall accrue on a monthly basis on the outstanding principal amount of this Note, plus accrued but unpaid interest (non-compounding), at a rate per annum equal to 8.00%. The Company and the Holder negotiated such interest rate on an arm's length basis and agree that such interest rate reflects a market rate of interest as of the date hereof. Interest shall be computed on the basis of a 365-day year and the actual number of days elapsed. Interest will accrue on any principal payment due under this Note until such time as payment therefor is actually delivered to the Holder in accordance with the terms hereof.
Interest.INTEREST. Interest shall accrue on a monthly basis on the outstandingunpaid principal amountbalance of this Note, plus accrued but unpaid interest (non-compounding),Note at a rate per annum equal to 8.00%. The Company and the Holder negotiated such interest rate on an arm's length basis and agree that such interest rate reflects a marketannual rate of interest as ofEight Percent (8%) until the date hereof.entire Principal Amount is paid in full. Interest shall not be compounded and shall be computed on the basis of a 365-three hundred sixty (360) day year andcomprised of twelve (12) months of thirty (30) days each, with any calculation based upon a partial month of less than thirty (30) days based on actual days lapsed. [[Organization B:Organization]] will make interest payments quarterly, with the actual number of days elapsed. Interest will accrue on any principalfirst interest payment due under this Notethree (3) months from the Effective Date hereof and on each 3 months from such date until such time as payment thereforall interest and outstanding principal is actually delivered to the Holderpaid in accordance with the terms hereof.full.
Interest. Interest shall accrueBeginning on a monthly basis onthe issuance date of this Note (the “Issuance Date”), the outstanding principal amountbalance of this Note, plus accrued but unpaidNote shall bear interest (non-compounding), at a rate per annum equal to 8.00%eight percent (8%). The Company and the Holder negotiated such interest rate on an arm's length basis and agree that such interest rate reflects a market rate of interest as of the date hereof. Interest shall be computed on the basis of a 365-360-day year of twelve (12) 30-day months and shall accrue commencing on the actual numberIssuance Date. After the Demand Date, interest on the unpaid balance of days elapsed. Interest willthe principal amount outstanding shall accrue on any principal payment due under this Note until such time as payment therefor is actually deliveredat a rate per annum equal to the Holder in accordance withlesser of twelve percent (12%) or the terms hereof.highest rate permitted by law computed on the basis of a 360-day year of twelve (12) 30-day months.
Payment of Interest. Interest on the unpaid principal balance of this Note shall accrue on a monthly basisat the Applicable Rate commencing on the outstanding principal amount of this Note, plus accrued but unpaid interest (non-compounding), at a rate per annum equal to 8.00%. The Company and the Holder negotiated such interest rate on an arm's length basis and agree that such interest rate reflects a market rate of interest as of the date hereof.Funding Date. Interest shall be computed on the basis of a 365-day year and paid for the actual number of days elapsed. Interest will accrueThe Company shall pay the interest accrued at the end of every month and on a monthly basis thereafter. If at the Maturity Date there is any principal payment dueaccrued and unpaid interest under this Note untilNote, then such shall be paid in full on the Maturity Date. Any accrued but unpaid interest shall, at the option of the Holder, be included, from time as payment therefor is actually delivered to time, in the Holder in accordance with the terms hereof.Conversion Amount (as defined herein).
Interest. Interest shall accrueBeginning on a monthly basis onthe issuance date of this Note (the Issuance Date), the outstanding principal amountbalance of this Note, plus accrued but unpaidNote shall bear interest (non-compounding), at a rate per annum equal to 8.00%seven percent (7%). The Company and the Holder negotiated such interest rate on an arm's length basis and agree that such interest rate reflects a market rate of interest as of the date hereof. Interest shall be computed on the basis of a 365-360-day year of twelve (12) 30-day months and shall accrue commencing on the actual numberIssuance Date. After the Demand Date, interest on the unpaid balance of days elapsed. Interest willthe principal amount outstanding shall accrue on any principal payment due under this Note until such time as payment therefor is actually deliveredat a rate per annum equal to the Holder in accordance withlesser of ten percent (10%) or the terms hereof.highest rate permitted by law computed on the basis of a 360-day year of twelve (12) 30-day months.
Interest.Interest Rate. Interest shall accrue on a monthly basis on the outstanding principal amount of this Note, plus accrued but unpaid interest (non-compounding),Principal Indebtedness at a rate of four and seven hundredths percent (4.07%) per annum equal to 8.00%. The Company and the Holder negotiated such interest rate(the “Interest Rate”) commencing on an arm's length basis and agree that such interest rate reflects a market rate of interest as of the date hereof.of this Note. Interest shall be computedcalculated and applied on the basis of a 365-360-day year consisting of twelve 30-day months, except that interest for any partial Interest Accrual Period (as defined below) shall be calculated and applied on the basis of a 360-day year and the actual number of days elapsed.in such partial Interest will accrue on any principal payment due under this Note until such time as payment therefor is actually delivered to the Holder in accordance with the terms hereof.Accrual Period (as hereinafter defined).
Interest.RATE OF INTEREST. Interest payable on the Principal Amount shall accrue at a fixed rate equal to the prime interest rate plus 2%. Interest shall accrue on a monthly basisbe calculated at the end of each month based on the outstanding principal amountPrincipal Amount at the end of this Note, plus accrued but unpaid interest (non-compounding), at a rate per annum equal to 8.00%. The Company and the Holder negotiated such interest rate on an arm's length basis and agree that such interest rate reflects a market rate of interest as of the date hereof. Interest shall be computedmonth on the basis of a 365-360 day year andyear. Outstanding interest is due at the actual number of days elapsed.time the Principal Amount is due as set forth in this Note. Interest willshall only accrue on any principal payment duesums advanced and received by Borrower under this Note until such time as payment therefor is actually delivered to the Holder in accordance with the terms hereof.Note.
Interest. Interest on this Note shall compound quarterly and shall accrue on a monthly basis onat the outstanding principal amount of this Note, plus accrued but unpaid interest (non-compounding), at a rate per annum equal to 8.00%. The Company and the Holder negotiated such interest rate on an arm's length basis and agree that such interest rate reflects a marketannual rate of interestfive percent (5%) as of the date hereof. Interest shall be computed on the basis of a 365-day year and the actual number of days elapsed.year. Interest will begin to accrue as of the date hereof and is payable on anythe Maturity Date, accelerated or otherwise, when the principal paymentand remaining accrued but unpaid interest shall be due underand payable. Following the occurrence and during the continuance of an Event of Default, which, if susceptible to cure is not cured within the cure periods (if any) set forth in Section 6.01 of the Loan Agreement, otherwise then from the first date of such occurrence until cured, the annual interest rate on this Note until such time as payment therefor is actually delivered to the Holder in accordance with the terms hereof.shall be fifteen percent (15%), and be due on demand.
Interest. Interest shall accrue on a monthly basis on the outstanding principal amount ofbalance under this Note, plusNote from the date hereof until such outstanding principal balance and all interest accrued but unpaid interest (non-compounding),thereon is paid in full at a rate of 8.00% per annum equal to 8.00%. The Company and the Holder negotiated suchannum, consisting of # interest rate on an arm's length basis and agree that such interest rate reflects a market rate of interest as of the date hereof. Interest shall be computed on the basis of a 365-day year and the actual number of days elapsed. Interest will accrue on any principal payment due under this Note until such time as payment therefor is actually delivered to the Holderpayable in cash in accordance with the terms hereof.schedule set forth in Section 2(a) hereof, accruing from the date hereof at the rate of 6.00% per annum (the “Monthly Cash Interest”) plus # interest payable in cash on the Maturity Date, accruing from the date hereof at the rate of 2.00% per annum (the “Maturity Date Cash Interest”).
Interest. InterestThis Note shall accrue on a monthly basis onbear interest ("Interest") at the outstanding principal amountrate of this Note, plusEight Percent (8%) per annum from the Issuance Date until the same is paid, or otherwise converted in accordance with [Section 2] below, in full and the Holder, at the Holder's sole discretion, may include any accrued but unpaid interest (non-compounding), at a rate per annum equal to 8.00%. The Company andInterest in the Holder negotiated such interest rateConversion Amount. Interest shall commence accruing on an arm's length basis and agree that such interest rate reflects a market rate of interest as of the date hereof. InterestIssuance Date, shall be computed on the basis of a 365-day365day year and the actual number of days elapsed.elapsed and shall accrue daily and, after the Maturity Date, compound quarterly Upon an Event of Default, as defined in Section 10 below, the Interest will accrue on any principal payment due under this Note until such timeRate shall increase to Eighteen Percent (18%) per annum for so long as payment thereforthe Event of Default is actually delivered to the Holder in accordance with the terms hereof.continuing ( Default Interest")
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