Example ContractsClausescomputation of interest and fees; retroactive adjustments of applicable rateVariants
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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 accruing from July 1, 2023 throughshall 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 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.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 will bearNote, together with any unpaid interest at 9.25% per annum. Interestaccrued thereon, shall commence withbe all due and payable on April 27, 2023 (the “Maturity Date”) unless such Maturity Date is extended by the datemutual agreement 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”).parties hereto.

Interest Rate.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 will bearNote, together with any unpaid 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, 2023accrued thereon, shall be paid in three equal tranches on January 31, 2024, February 29, 2024all due 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 dayMarch 11, 2020 (the Default Rate“Maturity Date”).

Interest Rate.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 will bearNote, together with any unpaid 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, 2023accrued thereon, shall be paid in three equal tranchesall due and payable on January 31, 2024, February 29, 2024 and April 1, 2024. Interest accruing from January 1, 2024 throughMay 24, 2020 (the “Maturity Date”) unless 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 continuanceis extended by mutual agreement 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”).parties hereto.

Interest Rate. The unpaidInterest. Beginning on the issuance date of this Note (the “Issuance Date”), the outstanding principal balance of this Note willshall bear interest at 9.25%a rate per annum.annum equal to seven percent (7%). Interest shall commence withbe computed on the datebasis 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 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, 2023outstanding shall be paid in threeaccrue at a rate per annum 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 atto the lesser of # eighteenten percent (18%(10%) per annum compounded quarterly or # the highest lawful rate in effectpermitted by law computed on such the basis of a 360-day (the “Default Rate”).year of twelve (12) 30-day months.

Interest Rate. The unpaidInterest. Beginning on the issuance date of this Note (the “Issuance Date”), the outstanding principal balance of this Note willshall bear interest at 9.25%a rate per annum.annum equal to eight percent (8%). Interest shall commence withbe computed on the datebasis 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 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, 2023outstanding shall be paid in threeaccrue at a rate per annum 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 atto the lesser of # eighteentwelve percent (18%(12%) per annum compounded quarterly or # the highest lawful rate in effectpermitted by law computed on such the basis of a 360-day (the “Default Rate”).year of twelve (12) 30-day months.

INTEREST. Interest Rate. Theshall accrue on the unpaid principal balance of this Note will bear interest at 9.25% per annum. Interest shall commence with the dateannual rate of Eight Percent (8%) until the Note (i.e. September 29, 2023, the “Loan Date”) and shall continue on the outstanding principal amount of this Note until this Noteentire Principal Amount is paid or otherwise satisfied in full. Interest accruing from July 1, 2023 through December 31, 2023shall 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 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”).full.

Interest Rate.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 will bearNote, together with any unpaid 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, 2023accrued thereon, shall be paid in three equal tranchesall due and payable on January 31, 2024, February 29, 2024 and April 1, 2024. Interest accruing from January 1, 2024 throughNovember 10, 2020 (the “Maturity Date”) unless 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 continuanceis extended by mutual agreement 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”).parties hereto.

Principal and Interest. Interest Rate. Theshall accrue on the unpaid principal balance ofand any unpaid late fees or other fees under this Note will bear interest at 9.25%a rate of ten percent (10%) per annum.annum until the full amount of the principal and fees has been paid. Interest shall commence with the date of the Note (i.e. September 29, 2023, the “Loan Date”) and shall continuebe computed on the outstandingbasis 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 amount ofbalance and all accrued and unpaid interest, if any, under this Note until this Note is paid or otherwise satisfied in full. Interest accruing from July 1, 2023 through December 31, 2023Note, shall be paid in three equal tranches on January 31, 2024, February 29, 2024due and April 1, 2024. Interest accruing from January 1, 2024 through the Maturity Date will be payable on the first business daydate 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 each month. Interest will be computed based on a 365-day year andsuch election to Company at any time prior to 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 thisInvestor 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”).Maturity Date.

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