Common use of Failure to Pay Interest Clause in Contracts

Failure to Pay Interest. The Borrower fails to pay any interest or other sum (other than principal) due and payable under this or any other Note when due and payable, and such failure continues for five (5) business days.

Appears in 3 contracts

Sources: Securities Agreement (Park City Group Inc), Securities Purchase Agreement (Park City Group Inc), Securities Purchase Agreement (Park City Group Inc)