Original Issue. Discount (the difference between the Issue Price and the Principal Amount of this Note) in the period during which the Note remains outstanding shall accrue at 15.0% per annum, on a semiannual bond equivalent basis using a 360-day year consisting of twelve 30-day months, commencing on the Issue Date of this Note, and shall cease to accrue on the earlier of (i) the date on which the Principal Amount of this Note becomes due and payable and (ii) any Redemption Date.
Appears in 3 contracts
Sources: Note (Emisphere Technologies Inc), Note (Emisphere Technologies Inc), Note Purchase Agreement (Emisphere Technologies Inc)