Common use of Interest Rate Clause in Contracts

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 28 contracts

Sources: Convertible Note (Advanced Optics Electronics Inc), Convertible Note (Globus Wireless LTD), Convertible Note (Commercial Concepts Inc)

Interest Rate. Subject to the Holder's right to convert, the principal and interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 9 contracts

Sources: Convertible Note (Wealthhound Com Inc), Convertible Note (Wealthhound Com Inc), Convertible Note (Wealthhound Com Inc)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30March 31, 2001 2002 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 7 contracts

Sources: Convertible Note (Ibiz Technology Corp), Convertible Note (Ilive Inc/Nv), Convertible Note (Science Dynamics Corp)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 2002 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 6 contracts

Sources: Convertible Note (Science Dynamics Corp), Convertible Note (Science Dynamics Corp), Convertible Note (Science Dynamics Corp)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September June 30, 2001 2002 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 5 contracts

Sources: Convertible Note (Science Dynamics Corp), Convertible Note (Science Dynamics Corp), Convertible Note (Science Dynamics Corp)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30December 31, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 5 contracts

Sources: Securities Purchase Agreement (Gosun Communications LTD Inc), Convertible Note (Versacom International Inc), Convertible Note (Ibiz Technology Corp)

Interest Rate. Subject to the Holder's right to convert, interest ------------- payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 5 contracts

Sources: Convertible Note (Go Online Networks Corp), Convertible Note (Kaire Holdings Inc), Convertible Note (Team Communications Group Inc)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 4 contracts

Sources: Secured Convertible Note (NCT Group Inc), Convertible Note (NCT Group Inc), Secured Convertible Note (NCT Group Inc)

Interest Rate. Subject to the Holder's right to convert, -------------- interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30March 31, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 3 contracts

Sources: Convertible Note (Global Telemedia International Inc), Convertible Note (Global Telemedia International Inc), Convertible Note (Global Telemedia International Inc)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight nine percent (89%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 3 contracts

Sources: Convertible Note (Icoa Inc), Convertible Note (Icoa Inc), Convertible Note (Icoa Inc)

Interest Rate. Subject to the Holder's right to convert, ------------- interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 3 contracts

Sources: Convertible Note (One Voice Technologies Inc), Convertible Note (Kaire Holdings Inc), Convertible Note (Endovasc LTD Inc)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30December 31, 2001 2002 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 2 contracts

Sources: Convertible Note (Science Dynamics Corp), Convertible Note (Science Dynamics Corp)

Interest Rate. Subject to the Holder's right to convert, interest ------------- payable on this Note shall accrue at the annual rate of eight five percent (85%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Sources: Subscription Agreement (Advanced Aerodynamics & Structures Inc/)

Interest Rate. Subject to the Holder's right to convert, the interest payable on this Note shall accrue at the annual rate of eight six percent (86%) and be payable in arrears annually commencing September 30July 31, 2001 and quarterly thereafter, (or more frequently as provided below) and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Sources: Convertible Note (Commercial Concepts Inc)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight twelve percent (812%) and be payable in arrears commencing September 30December 31, 2001 2002 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Sources: Convertible Note (Globetel Communications Corp)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight six percent (86%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below. The Holder may elect to receive accrued but unpaid interest on any or all anniversaries of the date of this Note.

Appears in 1 contract

Sources: Convertible Note (Cambio Inc)

Interest Rate. Subject to the Holder's Holder?s right to convert, interest payable on this Note shall accrue at the annual rate of eight five percent (85%) and be payable in arrears commencing September 30February 28, 2001 2003 and quarterly annually thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Sources: Subscription Agreement (Sanguine Corp)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 2002 and quarterly semi-annually thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Sources: Convertible Note (Hypertension Diagnostics Inc /Mn)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable quarterly in arrears commencing September 30January 1, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Sources: Convertible Note (Osage Systems Group Inc)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight seven percent (87%) and be payable in arrears commencing September 30December 31, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Sources: Securities Purchase Agreement (Vertex Interactive Inc)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30March 31, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Sources: Secured Convertible Note (Vianet Technologies Inc)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30January 1, 2001 2003 and quarterly annually thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Sources: Convertible Note (NCT Group Inc)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) 6.5% and be payable in arrears quarterly commencing September 30January 1, 2001 and quarterly thereafter2001, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Sources: Convertible Note (Tech Laboratories Inc)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight seven percent (87%) and be payable in arrears commencing September 30March 31, 2001 2002 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Sources: Accounts Receivable Purchase Agreement (Vertex Interactive Inc)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (84%) and be payable in arrears commencing September June 30, 2001 2002 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Sources: Convertible Note (Path 1 Network Technologies Inc)

Interest Rate. Subject to the Holder's right to convert, interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30January 1, 2001 2004 and quarterly annually thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below.

Appears in 1 contract

Sources: Convertible Note (NCT Group Inc)

Interest Rate. Subject to the Holder's right to convert, the principal and interest payable on this Note shall accrue at the annual rate of eight percent (8%) and be payable in arrears commencing September 30, 2001 and quarterly thereafter, and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner as described below. The Holder may elect to receive accrued but unpaid interest on any or all anniversaries of the date of this Note.

Appears in 1 contract

Sources: Convertible Note Purchase Agreement (Advanced Optics Electronics Inc)