Fixed Interest. The applicable fixed interest to the Principal shall be an annually accrued fixed rate of 8% (the "Fixed Interest"), which shall be calculated based on a 360 days year and shall be due and payable on the Maturity Date (as defined in clause 3 below). The Fixed Interest shall be added to the Principal and considered for the purposes of capitalizing the Loan, excluding any withholding tax to be applied to the Fixed Interest.
Appears in 2 contracts
Sources: Convertible Loan Agreement, Convertible Loan Agreement