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 unconverted and then outstanding principal amount of this Note at the rate of 10% per annum, payable monthly, commencing on the nineteenth calendar day of each month, beginning on February 19, 2022, on each Monthly Redemption Date (as to that principal amount then being redeemed), on 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 (each such date, an “Interest Payment Date”) (if 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 2 contracts

Samples: Alpha Healthcare Acquisition Corp Iii, Alpha Healthcare Acquisition Corp Iii

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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 Debenture at the rate of 108% per annum, payable monthlyquarterly on January 1, commencing on the nineteenth calendar day of each monthApril 1, July 1 and October 1, beginning on February 19, 2022the first such date after the Original Issue Date, on each Monthly Redemption Date (as to that principal amount then being redeemed), on 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 (each such date, an “Interest Payment Date”) (if 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 2 contracts

Samples: Ecotality, Inc., Ecotality, 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 Debenture at the rate of 108% per annum, payable monthlyquarterly on January 1, commencing on the nineteenth calendar day of each monthApril 1, July 1 and October 1, beginning on February 19April 1, 20222016, on each Monthly Periodic Redemption Date (as to that principal amount then being redeemed), on 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 (each such date, an “Interest Payment Date”) (if 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 2 contracts

Samples: PFO Global, Inc., PFO Global, 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 Debenture at the rate of 108% per annum, payable monthlyquarterly on September 1, commencing on the nineteenth calendar day of each monthDecember 1, March 1 and June 1, beginning on February 19September 1, 20222017, on each Monthly Quarterly Redemption Date (as to that principal amount then being redeemed), on 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 (each such date, an “Interest Payment Date”) (if 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 2 contracts

Samples: Toughbuilt Industries, Inc, Toughbuilt Industries, 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 at the rate of 10% per annum, payable monthly, commencing on the nineteenth 11th calendar day of each month, beginning on February 19May 11, 2022, on each Monthly Redemption Date (as to that principal amount then being redeemed), on 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 (each such date, an “Interest Payment Date”) (if 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: Jupiter Neurosciences, Inc.

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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 Debenture at the rate of 10(a) 0% per annumannum until September 30, 2010 and (b) 6% per annum from October 1, 2010 until the Maturity Date, payable monthly, commencing semiannually on the nineteenth calendar day of each month, beginning on February 19, 2022, on each Monthly Redemption Date (as to that principal amount then being redeemed)January 1 and July 1, on 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 (each such date, an “Interest Payment Date”) (if 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: Amendment Agreement (Etelos, 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 Debenture at the rate of 10(i) 0% per annumannum from October 1, 2008 until June 30, 2011 and (ii) 5% per annum from July 1, 2011 until the Maturity Date, payable monthlyquarterly on January 1, commencing on the nineteenth calendar day of each monthApril 1, July 1 and October 1, beginning on February 19the first such date after October 1, 2022, on each Monthly Redemption Date (as to that principal amount then being redeemed), on each Conversion Date (as to that principal amount then being converted)2008, on each Optional Redemption Date (as to that principal amount then being redeemed) and on the Maturity Date (each such date, an "Interest Payment Date") (if 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: Amendment Agreement (Telanetix,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 Debenture at the rate of 105% per annumannum for the first 12 months following the Original Issue Date, then 6% per annum for the next 12 months, and 8% per annum until the Maturity Date, payable monthly, commencing on the nineteenth calendar day of each month, beginning on February 19, 2022, on each Monthly Redemption Date (as to that principal amount then being redeemed), on 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 (each such date, an “Interest Payment Date”) (if 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: Agriforce Growing Systems Ltd.

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