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, interest or other sum due under this Note when due and such failure continues for a period of five (5) business days after the due date. The five (5) business day period described in this Section 2.1 is the same five (5) business day period described in Section 1.1 hereof.

Appears in 3 contracts

Samples: Conspiracy Entertainment Holdings Inc, Kingsley Coach Inc, Swiss Medica Inc

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Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal, interest or other sum due under this Note when due and such failure continues for a period of five (5) business days after the due date. The five (5) business day period described in this Section 2.1 3.1 is the same five (5) business day period described in Section 1.1 hereof.

Appears in 3 contracts

Samples: Convertible Note (BigString CORP), Family Room Entertainment Corp, BigString CORP

Failure to Pay Principal or Interest. The Borrower fails to pay ------------------------------------ any installment of principal, principal or interest or other sum due under this Note hereon when due and such failure continues for a period of five (5) business days after the due date. The five (5) business day period described in this Section 2.1 3.1 is the same five (5) business day period described in Section 1.1 hereof.

Appears in 2 contracts

Samples: Kaire Holdings Inc, Kaire Holdings Inc

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal, interest principal or other sum due under this Note when due and such failure continues for a period of five (5) business days after the due date. The five (5) business day period described in this Section 2.1 is the same five (5) business day period described in Section 1.1 1.2 hereof.

Appears in 1 contract

Samples: IDO Security Inc.

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal, interest or other sum due under this Note when due and such failure continues for a period of five (5) business days after the due date. The five (5) business day period described in this Section 2.1 3.1 is the same five (5) business day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Agreement (5 G Wireless Communications Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal, interest or other sum due under this Note when due and such failure continues for a period of five twelve (512) business days after the due date. The five twelve (512) business day period described in this Section 2.1 3.1 is the same five twelve (512) business day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Ever-Glory International Group, Inc.

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal, interest or other sum due under this Note when due and such failure continues for a period of five (5) business days after the due date. The five (5) business day period described in this Section 2.1 3.1 is the same five (5) business day period described in Section 1.1 1.2 hereof.

Appears in 1 contract

Samples: Securac Corp

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal, principal or interest or other sum due under this Note hereon when due and such failure continues for a period of five (5) business days after the due date. , The five (5) business day period described in this Section 2.1 3.1 is the same five (5) business day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Globetel Communications Corp

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Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal, interest or other sum due under this Note Debenture when due and such failure continues for a period of five (5) business days after the due date. The five (5) business day period described in this Section 2.1 is the same five (5) business day period described in Section 1.1 1.3 hereof.

Appears in 1 contract

Samples: Ustelematics Inc

Failure to Pay Principal or Interest. The Borrower fails to pay any ------------------------------------ installment of principal, principal or interest or other sum due under this Note hereon when due and such failure continues for a period of five (5) business days after the due date. The five (5) business day period described in this Section 2.1 3.1 is the same five (5) business day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Team Communications Group Inc

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal, interest or other sum due under this Note when due and such failure continues for a period of five (5) business days after the due date. The five (5) business day period described in this Section 2.1 is the same five (5) business day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Aprecia Inc

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal, interest or other sum due under this Note when due and such failure continues for a period of five (5) business days after the due date. The five (5) business day period described in this Section 2.1 3.1 is the same five (5) business day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Lotus Pharmaceuticals, Inc.

Failure to Pay Principal or Interest. The Borrower fails to pay any ------------------------------------ installment of principal, interest or other sum due under this Note when due and such failure continues for a period of five (5) business days after the due date. The five (5) business day period described in this Section 2.1 3.1 is the same five (5) business day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: BigString CORP

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