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.
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. 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.
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.
Stated Interest Rate. The Principal Amount shall bear interest at the Stated Interest Rate. The Stated Interest Rate shall be equal to 15% per annum.
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 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.
