Common use of Payment Grace Period Clause in Contracts

Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty percent (20%) per annum shall apply to the amounts owed hereunder.

Appears in 16 contracts

Samples: Securities Purchase Agreement (Vertex Interactive Inc), Securities Purchase Agreement (Gosun Communications LTD Inc), Globetel Communications Corp

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Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty fifteen percent (2015%) per annum shall apply to the amounts owed hereunderannum.

Appears in 9 contracts

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

Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty percent (20%) per annum shall apply to the amounts owed hereunderannum.

Appears in 9 contracts

Samples: Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.)

Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty fifteen percent (2015%) per annum shall apply to the amounts owed hereunder.

Appears in 5 contracts

Samples: Secured Convertible Note (Attitude Drinks Inc.), Assignment and Escrow Agreement (Attitude Drinks Inc.), Secured Convertible Note (Attitude Drinks Inc.)

Payment Grace Period. The Borrower shall have a five four (54) day grace period to pay any monetary amounts due under this Note. During this grace period, after which grace period and thereafter until paid, a default interest rate of twenty five percent (205%) per annum above the then applicable interest rate hereunder shall apply to the amounts owed hereunder.

Appears in 3 contracts

Samples: Netguru Inc, Netguru Inc, Netguru Inc

Payment Grace Period. The Borrower shall have a five (5) business day grace period to pay any monetary amounts due under this Note, after which grace period and during the pendency of an Event of Default (as defined in Article III) a default interest rate of twenty fifteen percent (2015%) per annum shall apply to the amounts owed hereunder.

Appears in 3 contracts

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

Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this NoteNote or the Purchase Agreement or any Related Document, after which grace period a default interest rate of twenty five percent (205%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts owed hereunderdue.

Appears in 2 contracts

Samples: Convertible Term Note (Axesstel Inc), Convertible Term Note (Axesstel Inc)

Payment Grace Period. The Borrower shall have a five (5) business day grace period to pay any monetary amounts due under this Note, after which grace period and during the pendency of an Event of Default (as defined in Article III) a default interest rate of twenty eighteen percent (2018%) per annum shall apply to the amounts owed hereunder.

Appears in 2 contracts

Samples: Aprecia Inc, Datascension Inc

Payment Grace Period. The Borrower shall have a five (5) business day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty fifteen percent (2015%) per annum shall apply to the amounts owed hereunder.

Appears in 2 contracts

Samples: Agreement (5 G Wireless Communications Inc), Conspiracy Entertainment Holdings Inc

Payment Grace Period. The Borrower shall have a five (5) day grace -------------------- period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty percent (20%) per annum shall apply to the amounts owed hereunder.

Appears in 2 contracts

Samples: Kaire Holdings Inc, Team Communications Group Inc

Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty eighteen percent (2018%) per annum shall apply to the amounts owed hereunder.

Appears in 2 contracts

Samples: Voiceflash Networks Inc, Voiceflash Networks Inc

Payment Grace Period. The Notwithstanding that the Borrower shall have a five (5) business day grace period to pay any monetary amounts due under this NoteNote or the Purchase Agreement or any Related Document, after which grace period a default interest rate of twenty five percent (205%) per annum above the then applicable Contract Rate shall apply to the monetary amounts owed hereunderdue which such additional interest shall accrue from the actual date such payments were due and payable.

Appears in 2 contracts

Samples: Inyx Inc, Inyx Inc

Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty fourteen percent (2014%) per annum shall apply to the amounts owed hereunder.

Appears in 2 contracts

Samples: Select Media Communications Inc, Select Media Communications Inc

Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty five percent (205%) per annum above the then applicable interest rate hereunder shall apply to the amounts owed hereunder.

Appears in 2 contracts

Samples: Arrin CORP, Arrin CORP

Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty eighteen percent (2018%) per annum shall apply to the amounts owed hereunderannum.

Appears in 1 contract

Samples: Conspiracy Entertainment Holdings Inc

Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, Note or the Purchase Agreement after which grace period a default interest rate of twenty five percent (205%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts owed hereunderdue.

Appears in 1 contract

Samples: Convertible Term Note (Axesstel Inc)

Payment Grace Period. The Borrower shall have a five (5) business -------------------- day grace period to pay any monetary amounts due under this Note, after which grace period and during the pendency of an Event of Default (as defined in Article III) a default interest rate of twenty fifteen percent (2015%) per annum shall apply to the amounts owed hereunder.

Appears in 1 contract

Samples: BigString CORP

Payment Grace Period. The Borrower shall have a five (5) business day grace period to pay any monetary amounts due under this NoteNote or the Purchase Agreement or any Related Agreement, after which grace period a default interest rate of twenty Interest Rate plus six percent (206%) per annum shall apply to the monetary amounts owed due hereunder.

Appears in 1 contract

Samples: Transgenomic Inc

Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, after which grace period any monetary amounts not paid when due shall bear interest at a default interest rate of twenty fifteen percent (2015%) per annum shall apply to the amounts owed hereunderannum.

Appears in 1 contract

Samples: Satellite Security Corp

Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty fifteen percent (2015%) per annum shall apply to the until such amounts owed hereunderare paid.

Appears in 1 contract

Samples: Securac Corp

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Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty twenty-four percent (2024%) per annum shall apply to the amounts owed hereunderannum.

Appears in 1 contract

Samples: IDO Security Inc.

Payment Grace Period. The Borrower shall have a five (5five(5) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty percent (20%) per annum shall apply to the amounts owed hereunder.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Vertex Interactive Inc)

Payment Grace Period. The Borrower shall have a five (5) business day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty twenty-two percent (2022%) per annum shall apply to the amounts owed hereunder.

Appears in 1 contract

Samples: Swiss Medica Inc

Payment Grace Period. The Borrower shall have a five (5) business day grace period to pay any monetary amounts due under this NoteNote or the Security Agreement or any Ancillary Agreements, after which grace period a default interest rate of twenty five percent (205%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts owed hereunderdue.

Appears in 1 contract

Samples: Inyx Inc

Payment Grace Period. The Borrower shall have a five seven (57) day ---------------------- grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty five percent (205%) per annum above the then applicable interest rate hereunder shall apply to the amounts owed hereunder.

Appears in 1 contract

Samples: Global Sports & Entertainment Inc/

Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, after which grace period a default Default interest rate of twenty percent (20%) per annum shall apply accrue on all unpaid amounts due and owing under this Note until such amounts have been fully paid by the Borrower to the amounts owed hereunderHolder.

Appears in 1 contract

Samples: Employment Agreement (VIASPACE Inc.)

Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty fourteen percent (2014%) per annum shall apply to the amounts owed hereunderapply.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (AirtimeDSL)

Payment Grace Period. The Borrower shall have a five (5) -------------------- day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty fifteen percent (2015%) per annum above the then applicable interest rate hereunder shall apply to the amounts owed hereunder.

Appears in 1 contract

Samples: Liquidix Inc

Payment Grace Period. The Borrower shall have a five (5) business day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty percent (20%) per annum shall apply to the amounts owed hereunder.

Appears in 1 contract

Samples: Kingsley Coach Inc

Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty ten percent (2010%) per annum shall apply to the amounts owed hereunderannum.

Appears in 1 contract

Samples: Sweet Success Enterprises, Inc

Payment Grace Period. The Borrower shall have a five (5) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty fifteen percent (2015%) per annum above the then applicable interest rate hereunder shall apply to the amounts owed hereunder.

Appears in 1 contract

Samples: Liquidix Inc

Payment Grace Period. The Borrower shall have a five (5) day -------------------- grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of twenty percent (20%) per annum shall apply to the amounts owed hereunder.

Appears in 1 contract

Samples: Kaire Holdings Inc

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