Stated Interest Rate Sample Clauses

Stated Interest Rate. The "Stated Interest Rate" shall equal Fifteen Percent (15%) per annum, calculated on the basis of the actual number of days elapsed, assuming a 365-day year, applied to the outstanding principal balance of this Note from time to time. The principal balance outstanding hereunder shall bear interest at the Stated Interest Rate from the date of issuance of this Note through the date that is one day prior to the first to occur of the following events: (i) the unpaid principal balance, together with all accrued interest and other amounts payable hereunder, have been paid in full; (ii) the unpaid principal balance, together with all accrued interest and other amounts payable hereunder, have been converted into shares of the Company’s common stock as permitted in accordance with Section 7; or (iii) the passage of ten (10) days following the occurrence of one or more uncured Events of Default as defined in Section 4.
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Stated Interest Rate. Except as provided in Section 1.2 below, the principal balance outstanding hereunder shall bear interest, until fully paid, at 6.0% per annum (the "Stated Interest Rate") based on the number of days elapsed in a 365-day year.
Stated Interest Rate. Except as provided in Section 4 below, the principal balance outstanding hereunder from time to time shall bear interest at the Stated Interest Rate.
Stated Interest Rate. The term “Stated Interest Rate” shall have the meaning given to that term in the Fee Letter.
Stated Interest Rate. Sections 3(a)-3(c) of the Note are deleted in their entirety and the following is hereby added in lieu thereof:
Stated Interest Rate. The principal sum outstanding hereunder ($2,500.00) shall bear annual interest at a rate of ZERO PER CENT (0%) per annum (the “Stated Interest Rate”). As evidenced by attached loan agreement that Lxxxxx entered into on behalf of working capital needs of the Borrower for which Lxxxxx is currently an officer and director of.
Stated Interest Rate. Except as provided in Section 4 below, interest shall accrue on the principal balance outstanding hereunder during each Interest Period (as hereinafter defined) at the Stated Interest Rate. “Stated Interest Rate” means a rate per annum equal to the 1-month LIBOR plus 2.45%. “Interest Period” means each period commencing on the first day of the calendar month and ending on the first day of the next succeeding calendar month; provided (i) the first Interest Period shall commence on the date hereof and end on the first day of the next succeeding calendar month and (ii) any Interest Period that would otherwise extend past the maturity date of this Note shall end on the maturity date of this Note. “LIBOR” means, with respect to each Interest Period, the rate for U.S. dollar deposits with a maturity equal to the number of months specified above, as reported on Telerate page 3750 as of 11:00 a.m., London time, on the second London business day before such Interest Period begins, or, in the case of the first Interest Period, the second London business day before the first day of the calendar month during which such Interest Period begins (or if not so reported, then as determined by the Lender from another recognized source or interbank quotation).
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Stated Interest Rate. The principal balance outstanding hereunder -------------------- shall bear interest at the Stated Interest Rate, calculated daily on the basis of actual days elapsed over a 360-day year, applied to the principal balance of the Loan Amount from time to time outstanding. The Stated Interest Rate shall be a per annum rate equal to thirteen percent (13%).
Stated Interest Rate. The term “Stated Interest Rate” shall have the meaning set forth in Section 1.1(b)(iii) of Schedule A attached hereto.
Stated Interest Rate. Interest shall accrue on the principal amount outstanding from and after the Closing Date until the Maturity Date at the Stated Interest Rate. The Accrued Interest shall be compounded monthly and added to the outstanding principal balance on the first day of each month.
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