Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture at the rate of 8% per annum, payable on the earlier of the acceleration of this Debenture by the Holder following an Event of Default or the Maturity Date (the “Interest Payment Date”) (if the Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day), in cash.
Appears in 2 contracts
Samples: Catasys, Inc., Catasys, Inc.
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture Note at the rate of 8% per annumInterest Rate, payable on the earlier of the acceleration of this Debenture by the Holder following an Event of Default or the Maturity Date (the “Interest Payment Date”) (except that, if the Interest Payment Date any such date is not a Business Day, then the applicable such payment shall be due on the next succeeding Business Day) and on each Redemption Date (as to that principal amount then being redeemed) ( each such date, an “Interest Payment Date”), in cash.
Appears in 2 contracts
Samples: U.S. Aerospace, Inc., U.S. Aerospace, Inc.
Payment of Interest in Cash. The Company Borrowers shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture Note at the rate of 8% per annumApplicable Interest Rate, payable on the earlier monthly in arrears as of the acceleration last Trading Day of this Debenture by the Holder following an Event of Default or each calendar month and on the Maturity Date (the “Interest Payment Date”) (if the Interest Payment Date any such date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day), ) in cash.
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Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture at the rate of 8% per annum, payable on the earlier of the acceleration of this Debenture by the Holder following an Event of Default or each Optional Redemption Date (as to that principal amount then being redeemed) and on the Maturity Date (the each such date, an “Interest Payment Date”) (if the any Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day), in cash.
Appears in 1 contract
Samples: Soupman, Inc.
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture at the rate of 812% per annum, payable on the earlier of the acceleration of this Debenture by the Holder following an Event of Default or the Maturity Date (the “Interest Payment Date”) (if the Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day), in cash.
Appears in 1 contract
Samples: NewLead Holdings Ltd.
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture at the rate of 810% per annum, payable on the earlier of the acceleration of this Debenture by the Holder following an Event of Default or each Conversion Date (as to that principal amount then being converted), on each Optional Redemption Date (as to that principal amount then being redeemed) and on the Maturity Date (the each such date, an “Interest Payment Date”) (if the any Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day), in cash.
Appears in 1 contract
Samples: T3 Motion, Inc.
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture at the rate of 810% per annum, payable on the earlier of the acceleration of this Debenture by the Holder following an Event of Default or the Maturity Date (the each such date, an “Interest Payment Date”) (if the any Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day), in cash.
Appears in 1 contract
Samples: Toughbuilt Industries, Inc
Payment of Interest in Cash. The Company shall pay accrue interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture Note at the rate of 8% ten (10%) percent per annum, payable on the earlier of the acceleration of this Debenture by the Holder following an Event of Default or the Maturity Date (the “Interest Payment Date”) (if the Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day), in cash.
Appears in 1 contract
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture at the rate of 810% per annum, payable on the earlier of the acceleration of this Debenture by the Holder following an Event of Default or the Maturity Date (the “Interest Payment Date”) (if the Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day), in cash.
Appears in 1 contract
Samples: Innovus Pharmaceuticals, Inc.
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture Note at the rate of 8% per annumInterest Rate, payable on the earlier of the acceleration of this Debenture by the Holder following an Event of Default or the Maturity Date (the “Interest Payment Date”) (except that, if the Interest Payment Date any such date is not a Business Day, then the applicable such payment shall be due on the next succeeding Business Day) and on each Redemption Date (as to that principal amount then being redeemed) (each such date, an “Interest Payment Date”), in cash.
Appears in 1 contract
Samples: U.S. Aerospace, Inc.
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture at the rate of 8% per annum, payable on the earlier of the acceleration of this Debenture by the Holder following an Event of Default or each Conversion Date (as to that principal amount then being converted), and on the Maturity Date (the “Interest Payment Date”) (except that, if the Interest Payment Date any such date is not a Business Day, then the applicable such payment shall be due on the next succeeding Business Day) (each such date, an “Interest Payment Date”), in cash.
Appears in 1 contract
Samples: Technoconcepts, Inc.
Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture at the rate of 8% per annum, payable on the earlier of the acceleration of this Debenture by the Holder following an Event of Default or each Conversion Date (as to that principal amount then being converted), on each Optional Redemption Date (as to that principal amount then being redeemed) and on the Maturity Date (the each such date, an “Interest Payment Date”) (if the any Interest Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day), in cash.
Appears in 1 contract
Samples: Boldface Group, Inc.