Payment of Default Interest. Any amount of principal or interest on this Note which is not paid when due shall bear interest from the date due until such past due amount is paid at a rate of interest equal to the Applicable Rate plus four percent (4%) per annum (the “Default Rate”). Any accrued but unpaid interest at the Default Rate shall, at the option of the Holder, be included, from time to time, in the any amounts converted hereunder.
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Samples: Wild Craze, Inc., Wild Craze, Inc.
Payment of Default Interest. Any amount of principal principal, interest or interest other sums due on this Note which is are not paid when due shall bear interest from the date due until such past due amount is paid in full at a the highest non-usurious rate of interest equal to the Applicable Rate plus four percent (4%) per annum permitted by applicable law (the “Default Rate”). Any accrued but unpaid interest at the Default Rate shall, at the option of the Holder, be included, from time to time, in the any amounts converted hereunder.
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Samples: Puramed Bioscience Inc., Progressive Care Inc.
Payment of Default Interest. Any amount of principal or interest on this Note which is not paid when due shall bear interest from the date due until such past due amount is paid at a rate of interest equal to the Applicable Rate plus four percent (4%) per annum (the “Default Rate”). Any accrued but unpaid interest at the Default Rate shall, at the option of the Holder, be included, from time to time, in the any amounts converted hereunder.
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Samples: Securities Purchase Agreement (Key Link Assets Corp.), Securities Purchase Agreement (Key Link Assets Corp.)
Payment of Default Interest. Any amount of principal or interest on this Note which is not paid when due shall bear interest from the date due until such past due amount is paid at a the rate of that is the highest permissible non-usurious interest equal to the Applicable Rate plus four percent (4%) per annum rate (the “Default Rate”). Any accrued but unpaid interest at the Default Rate shall, at the option of the Holder, be included, from time to time, in the any amounts converted hereunder.
Appears in 2 contracts
Samples: Digital Power Corp, Digital Power Corp
Payment of Default Interest. Any amount of principal or interest on this Note which is not paid when due shall bear interest from the date due until such past due amount is paid at a rate of interest equal to the Applicable Rate plus four six percent (46%) per annum (the “"Default Rate”"). Any accrued but unpaid interest at the Default Rate shall, at the option of the Holder, be included, from time to time, in the any amounts converted hereunderConversion Amount.
Appears in 1 contract
Samples: Note Purchase and Security Agreement (STWC. Holdings, Inc.)
Payment of Default Interest. Any amount of principal or interest on this Note which is not paid when due shall bear interest from the date due until such past due amount is paid at a rate of interest equal to the Applicable Rate plus four three percent (43%) per annum (the “Default Rate”). Any accrued but unpaid interest at the Default Rate shall, at the option of the Holder, be included, from time to time, in the any amounts converted hereunder.
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