Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate principal amount of this Note at the rate of ten percent (10%) per annum, which annual interest shall be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest in cash on the Closing Date. 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 6 contracts
Samples: Security Agreement (Giga Tronics Inc), Security Agreement (Giga Tronics Inc), Giga Tronics Inc
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate principal amount of this Note at the rate of ten fifteen percent (1015%) per annum, which annual interest shall be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest in cash on the Closing Date. Accrued and unpaid interest shall be due and payable on each Conversion Date and in cash on the Maturity Closing Date, the Maturity Date or as otherwise set forth herein.
Appears in 2 contracts
Samples: Jacksam Corp, Jacksam Corp
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate principal amount of this Note at the rate of ten percent (10%) per annum, which annual interest shall be guaranteed. The Company agrees to pay the Holder 100% guaranteed regardless of such guaranteed annual interest in cash on the Closing Datewhen this Note is repaid. Accrued and unpaid interest shall be due and payable on each Conversion Date and Amortization Payment Date, on the Maturity Date, or as otherwise set forth herein.
Appears in 1 contract
Samples: DPW Holdings, Inc.
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate principal amount of this Note at the rate of ten eight percent (108%) per annum, which annual interest shall be guaranteed. The Company agrees to pay the Holder 100% of such guaranteed annual interest in cash on Following the Closing Date, all interest payments hereunder shall be payable in cash. 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: DPW Holdings, Inc.
