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Stated Interest Rate
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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
.
Sample 1
Sample 2
Sample 3
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Stated Interest Rate
.
The term
“Stated Interest Rate” shall have the
meaning
given to that term in
the Fee Letter
.
Sample 1
Sample 2
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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:
Sample 1
Sample 2
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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.
Sample 1
Sample 2
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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.
Sample 1
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Stated Interest Rate
. The
principal balance
shall
bear
interest
thereon
from such
Purchase Date
in an amount
equal to
the product
of the
outstanding Notes
’ principal balance multiplied by the Stated Interest Rate based on
a year
consisting of
360 days,
with interest
computed
daily
based on the actual
number of days
elapsed.
Sample 1
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Stated Interest Rate
. The
principal sum
outstanding hereunder
($400,000) shall
bear
interest at a
rate of
TWELVE PER
CENT
(12%)
per annum
(the “Stated Interest Rate”). As attested
by the Borrower
,
the Lender
entered into
this
loan
for
working capital needs
of the Borrower
.
Sample 1
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Stated Interest Rate
. Except as provided in
Section 3
below, the principal balance
outstanding hereunder
from time to time
shall
bear
interest at the Stated Interest Rate. The Stated
Interest Rate shall
be
equal to
9.5%
per annum
.
Sample 1
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Stated Interest Rate
. The
unpaid principal amount
from time to time
outstanding
under
the Revolving Note
will
bear
interest
at a fluctuating
rate per annum
equal to
the
LIBOR Rate
,
plus
2.00%,
adjusted
monthly
on the last
day of
each
calendar month
.
Sample 1
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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%).
Sample 1
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