Interest Rate. The unpaid principal balance of this Note will bear interest at 9.25% per annum. Interest shall commence with the date of the Note (i.e. September 29, 2023, the “Loan Date”) and shall continue on the outstanding principal amount of this Note until this Note is paid or otherwise satisfied in full. Interest accruing from July 1, 2023 through December 31, 2023 shall be paid in three equal tranches on January 31, 2024, February 29, 2024 and April 1, 2024. Interest accruing from January 1, 2024 through the Maturity Date will be payable on the first business day of each month. Interest will be computed based on a 365-day year and the actual days elapsed and will be compounded annually. If any Event of Default, as defined in Section 2, occurs, then during the continuance of the Event of Default, all principal under this Note shall bear interest on each day outstanding at the lesser of # eighteen percent (18%) per annum compounded quarterly or # the highest lawful rate in effect on such day (the “Default Rate”).
Interest Rate. The unpaid principal balance of this Note will bear interest at 9.25% per annum. Interest shall commence with the date of the Note (i.e. September 29, 2023, the “Loan Date”) and shall continue on the outstanding principal amount of this Note until this Note is paid or otherwise satisfied in full. Interest shall be paid every three (3) months after the interest commence date, except that interest for the period commencing on the Loan Date and ending on December 31, 2023 shall not be payable until January 31, 2024 and shall then be paid in three equal tranches on January 31, 2024, February 29, 2024 and April 1, 2024. Interest will be computed based on a 365-day year and the actual days elapsed and will be compounded annually. If any Event of Default, as defined in Section 2, occurs, then during the continuance of the Event of Default, all principal under this Note shall bear interest on each day outstanding at the lesser of # eighteen percent (18%) per annum compounded quarterly or # the highest lawful rate in effect on such day (the “Default Rate”).
This Note shall accrue interest at an annual rate of twelve percent (12%). No payments of principal or interest shall be required hereunder until the Maturity Date, as defined herein. The then unpaid principal balance of this Note, together with any unpaid interest accrued thereon, shall be all due and payable on April 27, 2023 (the “Maturity Date”) unless such Maturity Date is extended by the mutual agreement of the parties hereto.
This Note shall accrue interest at an annual rate of nine percent (9%). No payments of principal or interest shall be required hereunder until the Maturity Date, as defined herein. The then unpaid principal balance of this Note, together with any unpaid interest accrued thereon, shall be all due and payable on March 11, 2020 (the Maturity Date).
This Note shall accrue interest at an annual rate of nine percent (9.0%). No payments of principal or interest shall be required hereunder until the Maturity Date, as defined herein. The then unpaid principal balance of this Note, together with any unpaid interest accrued thereon, shall be all due and payable on May 24, 2020 (the Maturity Date) unless the Maturity Date is extended by mutual agreement of the parties hereto.
Interest. Beginning on the issuance date of this Note (the Issuance Date), the outstanding principal balance of this Note shall bear interest at a rate per annum equal to seven percent (7%). Interest shall be computed on the basis of a 360-day year of twelve (12) 30-day months and shall accrue commencing on the Issuance Date. After the Demand Date, interest on the unpaid balance of the principal amount outstanding shall accrue at a rate per annum equal to the lesser of ten percent (10%) or the highest rate permitted by law computed on the basis of a 360-day year of twelve (12) 30-day months.
Interest. Beginning on the issuance date of this Note (the “Issuance Date”), the outstanding principal balance of this Note shall bear interest at a rate per annum equal to eight percent (8%). Interest shall be computed on the basis of a 360-day year of twelve (12) 30-day months and shall accrue commencing on the Issuance Date. After the Demand Date, interest on the unpaid balance of the principal amount outstanding shall accrue at a rate per annum equal to the lesser of twelve percent (12%) or the highest rate permitted by law computed on the basis of a 360-day year of twelve (12) 30-day months.
INTEREST. Interest shall accrue on the unpaid principal balance of this Note at the annual rate of Eight Percent (8%) until the entire Principal Amount is paid in full. Interest shall not be compounded and shall be computed on the basis of a three hundred sixty (360) day year comprised 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 first interest payment due three (3) months from the Effective Date hereof and on each 3 months from such date until all interest and outstanding principal is paid in full.
This Note shall accrue interest at an annual rate of twelve percent (12.0%). No payments of principal or interest shall be required hereunder until the Maturity Date, as defined herein. The then unpaid principal balance of this Note, together with any unpaid interest accrued thereon, shall be all due and payable on November 10, 2020 (the Maturity Date) unless the Maturity Date is extended by mutual agreement of the parties hereto.
Principal and Interest. Interest shall accrue on the unpaid principal balance and any unpaid late fees or other fees under this Note at a rate of ten percent (10%) per annum until the full amount of the principal and fees has been paid. Interest shall be computed on the basis of a 365-day year for the actual number of days elapsed. Notwithstanding any provision to the contrary herein, in no event shall the applicable interest rate at any time exceed the maximum interest rate allowed under applicable law, as provided in Section 12 below. The entire unpaid principal balance and all accrued and unpaid interest, if any, under this Note, shall be due and payable on the date that is ten (10) months from the date hereof (the Investor Note Maturity Date); provided, however, that Investor may elect, in its sole discretion, to extend the Investor Note Maturity Date for up to thirty (30) days by delivering written notice of such election to Company at any time prior to the Investor Note Maturity Date.
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