Common use of Loan Amount & Interest Clause in Contracts

Loan Amount & Interest. 1. The Shareholder promises to loan ($ ) USD, to the Corporation and the Corporation promises to repay this principal amount to the Shareholder at such address as may be provided in writing, with interest payable on the unpaid principal at the rate of 0 percent per annum, calculated yearly not in advance.

Appears in 2 contracts

Samples: Shareholder Loan Agreement, Shareholder Loan Agreement

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Loan Amount & Interest. 1. The Shareholder promises to loan four hundred eight thousand ($ $408,000.00) USD, USD to the Corporation (the "Loan") and the Corporation promises to repay this principal amount to the Shareholder at such address as may be provided in writing, with interest payable on the unpaid principal at the rate of 0 6 percent per annum, calculated yearly not in advance.

Appears in 1 contract

Samples: Shareholder Loan Agreement (U.S. Lighting Group, Inc.)

Loan Amount & Interest. 1. The Shareholder promises to loan two hundred fifty thousand ($ $250,000.00) USD, to the Corporation and the Corporation promises to repay this principal amount to the Shareholder Shareholder, Account Info: To be specified, or at such address as may be provided in writing, with interest payable on the unpaid principal at the rate of 0 2.35 percent per annum, calculated yearly not in advance.

Appears in 1 contract

Samples: Shareholder Loan Agreement (Empowered Products, Inc.)

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Loan Amount & Interest. 1. The Shareholder promises to loan Two Hundred Fifty Thousand ($ $250,000.00) USDUSD (the “Loan Funds”), to the Corporation and the Corporation promises to repay this principal amount to the Shareholder Shareholder, Account Info: To be specified, or at such address as may be provided in writing, with interest payable on the unpaid principal at the rate of 0 2.35 percent per annum, calculated yearly not in advance.

Appears in 1 contract

Samples: Shareholder Loan Agreement (Empowered Products, Inc.)

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