Common use of Payment of Interest in Cash or Kind Clause in Contracts

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 20 contracts

Samples: Securities Purchase Agreement (Premier Biomedical Inc), Securities Purchase Agreement (Premier Biomedical Inc), Force Protection Video Equipment Corp.

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Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note Debenture at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 8 contracts

Samples: Exchange Agreement (Notis Global, Inc.), Medbox, Inc., Medbox, Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s 's discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 7 contracts

Samples: Premier Biomedical Inc, Premier Biomedical Inc, Premier Biomedical Inc

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which twelve (12) months’ interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and , payable on each Conversion Date (as to that principal amount then being converted) and on the Maturity DateDate in cash or, at the Company’s option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock or as otherwise set forth hereina combination thereof.

Appears in 5 contracts

Samples: Directview Holdings Inc, Directview Holdings Inc, Directview Holdings Inc

Payment of Interest in Cash or Kind. The Company Companies shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the Holder’s Companies’ discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date Date, prepayment date, and on the Maturity Date, or as otherwise set forth herein.

Appears in 4 contracts

Samples: Notis Global, Inc., Notis Global, Inc., Notis Global, Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions being satisfied, in Common Stock or a combination of cash or and Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 3 contracts

Samples: NXT-Id, Inc., xG TECHNOLOGY, INC., xG TECHNOLOGY, INC.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 812% per annum, which twelve (12) months’ interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and , payable on each Conversion Date (as to that principal amount then being converted) and on the Maturity DateDate in cash or, at the Company’s option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock or as otherwise set forth hereina combination thereof.

Appears in 3 contracts

Samples: Directview Holdings Inc, Terra Tech Corp., TWO RIVERS WATER & FARMING Co

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions in the event of a conversion, in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Date, Prepayment Date, and/or Maturity Date, or as otherwise set forth herein.

Appears in 3 contracts

Samples: DSG Global Inc., DSG Global Inc., DSG Global Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteedguaranteed and the total amount of interest due on the Note shall be deemed earned as of the Original Issue Date. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions being satisfied, in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 2 contracts

Samples: OSL Holdings Inc., OSL Holdings Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 2 contracts

Samples: Epic Stores Corp., CLS Holdings USA, Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 812% per annum, of which six (6) months’ interest amount shall be guaranteed. All interest payments hereunder will be , payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity DateDate in cash or, at the Company’s option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock or as otherwise set forth hereina combination thereof. The value of such Common Stock shall be mutually determined by the Company and the Holder at such time.

Appears in 2 contracts

Samples: Amarantus Bioscience Holdings, Inc., Amarantus Bioscience Holdings, Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note Debenture at the rate of 85% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock common stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 2 contracts

Samples: Medbox, Inc., Medbox, Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth hereinin cash or, at the Holder’s option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock at the Conversion Price.

Appears in 2 contracts

Samples: Exchange Agreement (Blue Calypso, Inc.), Blue Calypso, Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8five percent (5%) % per annum, which twelve (12) months’ interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date Date, prepayment date, and on the Maturity Date, or as otherwise set forth herein.

Appears in 2 contracts

Samples: Black Cactus Global, Inc., Black Cactus Global, Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note Debenture at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock common stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 2 contracts

Samples: Medbox, Inc., Medbox, Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which half of the base interest amount shall be guaranteedguaranteed and the total amount of interest due on the Note for a period of six (6) months shall be deemed earned as of the Original Issue Date. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretioncash. Accrued and unpaid interest shall be due and on payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 2 contracts

Samples: Lifelogger Technologies Corp, Lifelogger Technologies Corp

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% twelve percent (12%) per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date Date, prepayment date, and on the Maturity Date, or as otherwise set forth herein.

Appears in 1 contract

Samples: Spectrum Global Solutions, Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 85% per annum, which nine months of interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions being satisfied, in Common Stock or a combination of cash or and Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 1 contract

Samples: xG TECHNOLOGY, INC.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions being satisfied, in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 1 contract

Samples: Myecheck, Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions in the event of a conversion, in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the (as to that principal amount then being converted), Prepayment Date (as to that principal amount then being prepaid), and/or Maturity Date, or as otherwise set forth herein.

Appears in 1 contract

Samples: Avant Diagnostics, Inc

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date Date, prepayment date, and on the Maturity Date, or as otherwise set forth herein.

Appears in 1 contract

Samples: Guided Therapeutics Inc

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Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 1 contract

Samples: CLS Holdings USA, Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 86% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable annually in cash or Common Stock in arrears on each anniversary of the Holder’s discretion. Accrued and unpaid interest shall be due and payable Issue Date, on each Conversion Date (as to that principal amount then being converted), and on the Maturity DateDate in cash or, at the Holder’s option, in shares of the Company’s Common Stock at the Conversion Price, or as otherwise set forth hereina combination thereof.

Appears in 1 contract

Samples: U.S. Rare Earths, Inc

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 1 contract

Samples: Premier Biomedical Inc

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 1 contract

Samples: Growlife, Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the a rate of 812% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions in the event of a conversion, in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Date, Prepayment Date, and/or Maturity Date, or as otherwise set forth herein.

Appears in 1 contract

Samples: Avant Diagnostics, Inc

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which six (6) months’ interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and , payable on each Conversion Date (as to that principal amount then being converted) and on the Maturity DateDate in cash or, or at the Holder’s option as otherwise set forth hereinin the Notice of Conversion, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock or a combination thereof.

Appears in 1 contract

Samples: Mobiquity Technologies, Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 85% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions being satisfied, in Common Stock or a combination of cash or and Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 1 contract

Samples: xG TECHNOLOGY, INC.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 812% per annum, of which twelve (12) months’ interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and , payable on each Conversion Date (as to that principal amount then being converted) and on the Maturity DateDate in cash or, at the Holder’s option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock or as otherwise set forth hereina combination thereof; provided that the Equity Conditions are satisfied at such time.

Appears in 1 contract

Samples: Terra Tech Corp.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in cash, and/or converted into common stock of the Company by the Holder, in Xxxxxx’s sole discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.. Notwithstanding anything to the contrary contained herein, the Company

Appears in 1 contract

Samples: Axiom Corp.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions, in cash or Common Stock in the HolderCompany’s discretion. Accrued and unpaid interest shall be due and on payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 1 contract

Samples: Ascent Solar Technologies, Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 810% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in the Holder’s discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Maturity Date, or as otherwise set forth herein.

Appears in 1 contract

Samples: Grow Solutions Holdings, Inc.

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 85% per annum, which twelve (12) months' interest amount shall be guaranteed. All interest payments hereunder will be payable in cash or Common Stock in guaranteed from the Holder’s discretion. Accrued and unpaid interest shall be due and date of issuance, payable on each Conversion Date (as to that principal amount then being converted) and on the Maturity DateDate in cash or, at the Company's option, in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock or as otherwise set forth hereina combination thereof.

Appears in 1 contract

Samples: Cardiff International Inc

Payment of Interest in Cash or Kind. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the rate of 8% per annum, which interest amount shall be guaranteed. All interest payments hereunder will be payable in cash, or subject to the Equity Conditions in the event of a conversion, in cash or Common Stock in the Holder’s 's discretion. Accrued and unpaid interest shall be due and payable on each Conversion Date and on the Date, Prepayment Date, and/or Maturity Date, or as otherwise set forth herein.

Appears in 1 contract

Samples: Avant Diagnostics, Inc

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