Common use of Interest Rate Clause in Contracts

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 28 contracts

Samples: Science Dynamics Corp, Endovasc LTD Inc, Science Dynamics Corp

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Interest Rate. Subject to the Holder's right to convert, the principal and interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 9 contracts

Samples: Wealthhound Com Inc, Wealthhound Com Inc, Wealthhound Com Inc

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30March 31, 2001 2002 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 7 contracts

Samples: Science Dynamics Corp, Ibiz Technology Corp, Ilive Inc/Nv

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 2002 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 6 contracts

Samples: Science Dynamics Corp, Science Dynamics Corp, Science Dynamics Corp

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September June 30, 2001 2002 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 5 contracts

Samples: Science Dynamics Corp, Science Dynamics Corp, Science Dynamics Corp

Interest Rate. Subject to the Holder's right to convert, interest ------------- payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 5 contracts

Samples: One Voice Technologies Inc, E Videotv Inc/De, Team Communications Group Inc

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30December 31, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Gosun Communications LTD Inc), Ibiz Technology Corp, Go Online Networks Corp

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 4 contracts

Samples: NCT Group Inc, NCT Group Inc, NCT Group Inc

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears quarterly commencing September 30January 1, 2001 and quarterly thereafter2001, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 3 contracts

Samples: Subscription Agreement (Plus Solutions Inc), Ibiz Technology Corp, Aethlon Medical Inc

Interest Rate. Subject to the Holder's right to convert, ------------- interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 3 contracts

Samples: Endovasc LTD Inc, Kaire Holdings Inc, One Voice Technologies Inc

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight nine percent (89%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 3 contracts

Samples: Icoa Inc, Icoa Inc, Icoa Inc

Interest Rate. Subject to the Holder's right to convert, -------------- interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30March 31, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 3 contracts

Samples: Global Telemedia International Inc, Global Telemedia International Inc, Global Telemedia International Inc

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30December 31, 2001 2002 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 2 contracts

Samples: Science Dynamics Corp, Science Dynamics Corp

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September June 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 2 contracts

Samples: Tirex Corp, Tirex Corp

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30January 1, 2001 2004 and quarterly annually thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Samples: NCT Group Inc

Interest Rate. Subject to the Holder's right to convert, the interest payable on this Note shall accrue at the annual rate of eight six percent (86%) and be payable in arrears annually commencing September 30July 31, 2001 and quarterly thereafter, (or more frequently as provided below) and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Samples: Commercial Concepts Inc

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight seven percent (87%) and be payable in arrears commencing September 30December 31, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Samples: Securities Purchase Agreement (Vertex Interactive Inc)

Interest Rate. Subject to the Holder's Holder?s right to convert, interest payable on this Note shall accrue at the annual rate of eight five percent (85%) and be payable in arrears commencing September 30February 28, 2001 2003 and quarterly annually thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Samples: Subscription Agreement (Sanguine Corp)

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Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight seven percent (87%) and be payable in arrears commencing September 30March 31, 2001 2002 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Vertex Interactive Inc)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30January 1, 2001 2003 and quarterly annually thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Samples: NCT Group Inc

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight six percent (86%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below. The Holder may elect to receive accrued but unpaid interest on any or all anniversaries of the date of this Note.

Appears in 1 contract

Samples: Cambio Inc

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 2002 and quarterly semi-annually thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Samples: Hypertension Diagnostics Inc /Mn

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (84%) and be payable in arrears commencing September June 30, 2001 2002 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Samples: Path 1 Network Technologies Inc

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight twelve percent (812%) and be payable in arrears commencing September 30December 31, 2001 2002 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Samples: Globetel Communications Corp

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) 6.5% and be payable in arrears quarterly commencing September 30January 1, 2001 and quarterly thereafter2001, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Samples: Tech Laboratories Inc

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable quarterly in arrears commencing September 30January 1, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Samples: Osage Systems Group Inc

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30March 31, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Samples: Vianet Technologies Inc

Interest Rate. Subject to the Holder's right to convert, interest ------------- payable on this Note shall accrue at the annual rate of eight five percent (85%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Samples: Subscription Agreement (Advanced Aerodynamics & Structures Inc/)

Interest Rate. Subject to the Holder's right to convert, the principal and interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below. The Holder may elect to receive accrued but unpaid interest on any or all anniversaries of the date of this Note.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Advanced Optics Electronics Inc)

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