INTEREST; INTEREST RATE. (a) Interest on this Note shall commence accruing on the Issuance Date, shall accrue daily at the Interest Rate on the outstanding Principal amount from time to time, shall be computed on the basis of a 360-day year and twelve 30-day months and shall be payable in cash to the Holder on the Maturity Date or any applicable Redemption Date (each, an “Interest Date”).
Appears in 4 contracts
Samples: Lm Funding America, Inc., Lm Funding America, Inc., Lm Funding America, Inc.
INTEREST; INTEREST RATE. (a) Interest on this Note shall commence accruing on the Issuance Date, shall accrue daily at the Interest Rate on the outstanding Principal amount from time to time, shall be computed on the basis of a 360-day year and twelve 30-day months and shall be payable in cash to the Holder on the the Maturity Date or any applicable Redemption Date (each, an “"Interest Date”").
Appears in 4 contracts
Samples: Top Ships Inc., Top Ships Inc., Top Ships Inc.
INTEREST; INTEREST RATE. (a) Interest on this Note shall commence accruing on the Issuance Date, shall accrue daily at the Interest Rate on the outstanding Principal amount from time to time, shall be computed on the basis of a 360-day year and twelve 30-day months and shall be payable in cash to the Holder (i) monthly, starting on the date that is the first day of the first month after the Issuance Date and (ii) on the Maturity Date or any applicable Redemption Date (each, an “"Interest Date”").
Appears in 2 contracts
Samples: Note (Top Ships Inc.), Top Ships Inc.
INTEREST; INTEREST RATE. (a) Interest on this Note shall commence accruing on the Issuance Date, shall accrue daily at the Interest Rate on the outstanding Principal amount from time to time, Date and shall be computed on the basis of a 360-day year and twelve 30-day months and shall be payable in cash to arrears on each Interest Date and shall compound each calendar month and shall be payable in accordance with the Holder terms of this Note. Interest shall be paid on the Maturity each Interest Date or any applicable Redemption Date (each, an “Interest Date”)in cash.
Appears in 1 contract
Samples: Securities Purchase Agreement (Esports Entertainment Group, Inc.)
INTEREST; INTEREST RATE. (a) Interest on this Note shall commence accruing on the Issuance Date, shall accrue daily at the Interest Rate on the outstanding Principal amount from time to time, shall be computed on the basis of a 360-day year and twelve 30-day months and shall be payable in cash to the Holder on the Maturity Date or any applicable Redemption Date (each, an “Interest Date”)unless earlier converted pursuant to Section 3.
Appears in 1 contract
Samples: Lm Funding America, Inc.
