Common use of Interest Rate and Payments Clause in Contracts

Interest Rate and Payments. Subject to Sections 4.1 and 5.7 hereof, interest payable on this Note shall accrue at a rate per annum equal to the Contract Rate, and shall be payable monthly in arrears commencing on June 1, 2004 and on the first day of each consecutive calendar month thereafter (each, an "INTEREST PAYMENT DATE").

Appears in 2 contracts

Samples: Gvi Security Solutions Inc, Gvi Security Solutions Inc

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Interest Rate and Payments. Subject to Sections 4.1 5.3 and 5.7 6.7 ----------------------------- hereof, interest payable on this Note shall accrue at a rate per annum equal to the Contract Rate, and . Interest shall be payable monthly in arrears commencing on June April 1, 2004 and on the first day of each consecutive calendar month thereafter thereafter, (each, an "INTEREST PAYMENT DATE").

Appears in 1 contract

Samples: Elinear Inc

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Interest Rate and Payments. Subject to Sections 4.1 4.3 and 5.7 6.7 --------------------------- hereof, interest payable on this Note shall accrue at a rate per annum equal to the Contract Rate, and . Interest shall be payable monthly in arrears commencing on June April 1, 2004 and on the first day of each consecutive calendar month thereafter (each, an "INTEREST PAYMENT DATE").

Appears in 1 contract

Samples: Elinear Inc

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