Common use of Payment/Maturity Date Clause in Contracts

Payment/Maturity Date. Interest on the Note shall be paid semi-annually, on the last day of June and December in each year, beginning June 30, 2017, and continuing until the Note is finally paid. The total outstanding principal balance hereof, together with accrued and unpaid interest, shall be paid on December 31, 2018. Interest must be paid in cash.

Appears in 1 contract

Sources: Convertible Note (PetroShare Corp.)

Payment/Maturity Date. Interest on the Note shall be paid semi-annuallyquarterly, on the last day of June March, June, September and December in each year, beginning June 30December 31, 20172013, and continuing until the Note is finally paid. The total outstanding principal balance hereof, together with accrued and unpaid interest, shall be paid on December October 31, 2018. Interest must be paid in cash.

Appears in 1 contract

Sources: 12% Secured Note (Advanced Cannabis Solutions, Inc.)