Common use of Failure to Pay Principal or Interest Clause in Contracts

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 61 contracts

Samples: Subscription Agreement (Mooney Aerospace Group LTD), Security Agreement (Vizario Inc), Subscription Agreement (Advanced Aerodynamics & Structures Inc/)

AutoNDA by SimpleDocs

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 58 contracts

Samples: Convertible Note (Avvaa World Health Care Products Inc), Kaire Holdings Inc, Kaire Holdings Inc

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest hereon when due and such failure continues for a period of ten five (105) days after the due date. The ten five (105) day period described in this Section 3.1 is the same ten five (105) day period described in Section 1.1 hereof.

Appears in 14 contracts

Samples: Voiceflash Networks Inc, Ibiz Technology Corp, Ibiz Technology Corp

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) business days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) business day period described in Section 1.1 hereof.

Appears in 11 contracts

Samples: Subscription Agreement (Valcent Products Inc.), Senior Secured Note (Advance Nanotech, Inc.), Convertible Note (Omnimmune Holdings, Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten five (105) days after the due date. The ten five (105) day period described in this Section 3.1 is the same ten five (105) day period described in Section 1.1 1.2 hereof.

Appears in 8 contracts

Samples: Diamond Entertainment Corp, Diamond Entertainment Corp, Medical Exchange Inc.

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal Principal, interest, Premium or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 7 contracts

Samples: Bravo Foods International Corp, Bravo Foods International Corp, Bravo Foods International Corp

Failure to Pay Principal or Interest. The Borrower fails to pay any ------------------------------------ installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 6 contracts

Samples: Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) business days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10)) business day period described in Section 1.1 hereof.

Appears in 4 contracts

Samples: Tasker Products Corp, Advance Nanotech, Inc., Advance Nanotech, Inc.

Failure to Pay Principal or Interest. The Borrower fails to pay any ---------------------------------------- installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 4 contracts

Samples: Imaging Technologies Corp/Ca, Imaging Technologies Corp/Ca, Imaging Technologies Corp/Ca

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) business day period described in Section 1.1 hereof.

Appears in 3 contracts

Samples: One Voice Technologies Inc, Xechem International Inc, One Voice Technologies Inc

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten thirty (1030) days after the due date. The ten thirty (1030) day period described in this Section 3.1 is the same ten (1030) day period described in Section 1.1 hereof.

Appears in 3 contracts

Samples: Convertible Note (Venta Global Inc), Convertible Note (Venta Global Inc), Convertible Note (Venta Global Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereofof the Note.

Appears in 2 contracts

Samples: Convertible Note (Artwork & Beyond Inc), Ivg Corp

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest hereon when due and such failure continues for a period of ten twelve (1012) days after the due date. The ten twelve (1012) day period described in this Section 3.1 is the same ten twelve (1012) day period described in Section 1.1 hereof.

Appears in 2 contracts

Samples: Tirex Corp, Tirex Corp

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 2.1 is the same ten (10) day period described in Section 1.1 1.3 hereof.

Appears in 2 contracts

Samples: American Hospital Resources Inc, American Hospital Resources Inc

Failure to Pay Principal or Interest. The Borrower fails to -------------------------------------- pay any installment of principal or interest hereon when due and such failure continues for a period of ten often (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 2 contracts

Samples: Global Telemedia International Inc, Global Telemedia International Inc

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 2.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Genius Products Inc

AutoNDA by SimpleDocs

Failure to Pay Principal or Interest. The Borrower fails to pay --------------------------------------- any installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: E Videotv Inc/De

Failure to Pay Principal or Interest. The Borrower fails to pay any ---------------------------------------- installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Go Online Networks Corp

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten often (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Appyea, Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment instalment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) business days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) business day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Convertible Note (Alterrus Systems Inc.)

Failure to Pay Principal or Interest. The Borrower fails to ------------------------------------ pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) business day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Amnis Systems Inc

Failure to Pay Principal or Interest. The Borrower fails ------------------------------------- to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) business day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Family Room Entertainment Corp

Failure to Pay Principal or Interest. The Borrower fails to pay -------------------------------------- any installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Endovasc LTD Inc

Failure to Pay Principal or Interest. The Borrower fails to -------------------------------------- pay any installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Global Telemedia International Inc

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: One Voice Technologies Inc

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) days after the due date. The ten five (105) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 1.2 hereof.

Appears in 1 contract

Samples: Satellite Security Corp

Time is Money Join Law Insider Premium to draft better contracts faster.