Base Interest. Payments of Base Interest shall be paid monthly, on the first Business Day of each month in arrears.
Base Interest. Unless an Event of Default has occurred and is continuing (or as may otherwise be agreed with respect to any Incremental Term Loans in accordance with Section 2.3(d)), the outstanding principal amount of the Loan and all other accrued but unpaid Obligations bear interest as set forth in this Section 3.2(a). Borrower shall pay to the Lender, monthly in arrears, accrued interest in lawful money of the U.S. paid by wire transfer or ACH payment, on the first Business Day of each calendar month (the “Monthly Payment Date”) at a per annum rate equal to the Applicable Interest Rate, provided, that Borrower shall cooperate with Agent to establish an automatic monthly ACH debit which may be initiated by Lender on the Monthly Payment Date (or any past-due date) in the amount of the interest amount then due and owing. Any accrued interest which for any reason has not theretofore been paid is due and payable in full on the Maturity Date.
Base Interest. Those invoices objected by any of the parties shall be reviewed by both parties in order to determine the effective payable amount within a term not exceeding 60 (sixty) calendar days, as of the date when written notice of the corresponding objection is received. Such objection shall not be enforceable if it is not made within the 18 (eighteen) calendar days following the date when corresponding invoice is received, or if it is not made
Base Interest. Interest shall accrue in arrears on the outstanding principal balance of the Loans at an annual rate of 9.5% ("BASE INTEREST"), and shall be due and payable with respect to each calendar quarter (the "Current Quarter") within 30 days of the close of the Current Quarter to the extent of Cash Available for Debt Service for the Current Quarter and to the extent not paid shall accrue and be added to principal and shall thereafter bear Base Interest as set forth above. All outstanding principal and accrued Base Interest shall be due and payable on the Maturity Date.
Base Interest. Subject to the provisions of Section 3.2B, the unpaid principal amount of the Notes shall bear interest at a base rate of fourteen percent (14%) per annum (such interest is referred to herein as the “Base Interest”), payable annually in arrears on each anniversary of the Closing Date, in cash.
Base Interest. Each Note shall bear interest on the principal amount thereof from time to time outstanding, from the Closing Date until the date on which such principal amount is converted, redeemed or otherwise repaid in accordance with the terms of Notes and herewith, at a rate per annum as set forth in the Notes.
Base Interest. The unpaid principal amount of the Payment Obligations shall bear interest, from the Effective Date of this Agreement until the earlier of (a) payment in full and (b) the commencement (if any) of the Orderly Liquidation Period, at an annual rate of twelve percent (12%), calculated on the basis of a 360-day year ("Base Interest").
Base Interest. 21 3.5 Payment Installments.........................................22 3.6 Prepayments..................................................23
Base Interest. Subject to the provisions of Section 3.2B, the unpaid principal amount of the Notes shall bear interest at a base rate of fourteen percent (14%) per annum (such interest is referred to herein as the “Base Interest”), payable annually in arrears on each anniversary of the Closing Date, in cash. Notwithstanding anything in this Section 3.2A or anything else herein to the contrary, the Note Purchaser has elected to have the May 28, 2015 interest payment (the “Deferred Interest”) paid in the form of Shares upon the consummation of a Specified Equity Offering (if any). Upon consummation of such Specified Equity Offering, the Deferred Interest shall be converted into Shares at a price equal to the price provided for such Shares in the Specified Equity Offering Documents (it being understood that the Note Purchaser shall be issued New Securities in an amount equal to ten percent (10%) of the gross proceeds received by the Issuer in such Specified Equity Offering, up to the amount of Deferred Interest), and Section 3.5 of the Convertible Note Facility Agreement shall be deemed to be amended to provide for delivery of payment of the Deferred Interest in New Securities. In the event that the Issuer fails to consummate a Specified Equity Offering or the size of the Specified Equity Offering is insufficient to enable payment of the entire Deferred Interest in New Securities, the Issuer may, at its option, pay on October 31, 2015, any Deferred Interest not paid in New Securities either in cash or in kind by increasing the principal amount of the Notes by an amount equal to the Deferred Interest not so paid, provided that, to the extent that such Deferred Interest is so paid in kind, (i) the Issuer shall make a payment in cash in an amount equal to such Deferred Interest on or prior to May 28, 2017 and (ii) except for the required payment described in clause (i), all other terms and provisions of the Notes shall continue to apply.
