Common use of Payment of Interest in Cash Clause in Contracts

Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate principal amount of this Note outstanding from time to time at the Applicable Interest Rate, payable monthly in arrears as of the last Business Day of each calendar month (commencing on the Original Issue Date) and on the Maturity Date, in cash (by wire transfer of immediately available funds to the account of the Holder).

Appears in 3 contracts

Samples: Securities Purchase Agreement (ObsEva SA), Securities Purchase Agreement (ObsEva SA), Securities Purchase Agreement (ObsEva SA)

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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 Note outstanding from time to time at the Applicable Interest Raterate of 4% per annum, payable monthly in arrears as of on the last Business Day of each calendar month month, payable monthly or on each Conversion Date (commencing on the Original Issue Dateas to that principal amount then being converted) and on the Maturity Date, in cash (by wire transfer of immediately available funds to the account of the Holder).

Appears in 3 contracts

Samples: Exchange Agreement (Electronic Cigarettes International Group, Ltd.), Victory Electronic Cigarettes Corp, Victory Electronic Cigarettes Corp

Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note outstanding from time to time Debenture at the Applicable Interest Rate, payable monthly in arrears as of the last Business Trading Day of each calendar month (commencing on the Original Issue Date) and on the Maturity DateDate (if any such date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day) in cash (by wire transfer of immediately available funds to the account of the Holder)cash.

Appears in 2 contracts

Samples: Intercloud Systems, Inc., Intercloud Systems, 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 Note outstanding from time to time at the Applicable Interest Raterate of 8% per annum, payable monthly in arrears as of on the last Business Day of each calendar month February, May, August and November of each year, on each Conversion Date (commencing on the Original Issue Date) as to that principal amount then being converted), and on the Maturity Date, Date in cash (by wire transfer of immediately available funds to the account of the Holder)cash.

Appears in 1 contract

Samples: Calm Waters Partnership

Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Note outstanding from time to time at the Applicable Interest Raterate of 15% per annum, payable monthly in arrears as of on the last Business Day of each calendar month February, May, August and November of each year, on each Conversion Date (commencing on the Original Issue Date) as to that principal amount then being converted), and on the Maturity Date, Date in cash (by wire transfer of immediately available funds to the account of the Holder)cash.

Appears in 1 contract

Samples: Victory Electronic Cigarettes Corp

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Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate principal amount of this Note outstanding from time to time at the Applicable Interest Rate, payable monthly in arrears as of the last Business Day of each calendar month (commencing on the Original Issue DateDecember 31, 2020) and on the Maturity Date, in cash (by wire transfer of immediately available funds to the account of the Holder).

Appears in 1 contract

Samples: NewAge, Inc.

Payment of Interest in Cash. The Company shall pay interest to the Holder on the aggregate principal amount of this Note outstanding from time to time at the Applicable Interest Rate, payable monthly semi-annually in arrears as of the last Business Day of each calendar month (commencing on the Original Issue Date) August and January and on the Maturity Date, in cash (by wire transfer of immediately available funds to the account of the Holder). On the Maturity Date the Company also shall pay to the Holder the Catch-up Interest Amount.

Appears in 1 contract

Samples: Securities Purchase Agreement (Emmaus Life Sciences, Inc.)

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