Common use of Interest Accrual Clause in Contracts

Interest Accrual. If a Change of Control or Qualified Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to 10 days prior to the signing of the definitive agreement for the Change of Control or Qualified Financing.

Appears in 9 contracts

Samples: Stockholders Agreement, Preferred Stock Financing (Adynxx, Inc.), Preferred Stock Financing (Adynxx, Inc.)

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Interest Accrual. If a Change of Control or Qualified Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to 10 ten (10) days prior to the signing of the definitive agreement for the Change of Control or Qualified Financing.

Appears in 1 contract

Samples: Blockchain Industries, Inc.

Interest Accrual. If a Change of Control or Qualified Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to 10 days business day prior to the signing of the definitive agreement for the Change of Control or Qualified Financing, or Non-Qualified Financing if applicable.

Appears in 1 contract

Samples: CNote Group, Inc.

Interest Accrual. If a Change of Control or Qualified Equity Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to 10 days prior to the signing of the definitive agreement for the Change of Control or Qualified Equity Financing.

Appears in 1 contract

Samples: Modular Medical, Inc.

Interest Accrual. If a Change of Control or Qualified Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to not more than 10 days prior to the signing closing of the definitive agreement for the Change of Control or Qualified Financing.

Appears in 1 contract

Samples: Good Earth Organics, Inc.

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Interest Accrual. If a Change of Control or Qualified Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to not more than 10 days prior to the signing of the definitive agreement for the Change of Control or Qualified Financing.

Appears in 1 contract

Samples: Voting Agreement (Personalis, Inc.)

Interest Accrual. If a Change of Control or Qualified Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to 10 5 days prior to the signing of the definitive agreement closing for the Change of Control or Qualified FinancingControl.

Appears in 1 contract

Samples: Auddia Inc.

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