BASE INTEREST RATE. Subject to subsections 4B and 4C below, the outstanding Principal Amount shall bear interest per annum at the Applicable Federal Rate (the "Base Interest Rate"), as defined in Section 1274(d) of the Internal Revenue Code of 1986, as amended (the "Code"), payable on the Maturity Date.
Appears in 2 contracts
Sources: Senior Secured Grid Note (Enhance Biotech Inc), Senior Secured Grid Note (Enhance Biotech Inc)