Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 12 contracts
Samples: Security Agreement (Electric City Corp), Convertible Term Note (Electric City Corp), Numerex Corp /Pa/
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related Document, after which grace period a default interest rate of five two percent (52%) per annum above the then applicable interest rate hereunder month shall apply to the monetary amounts duedue hereunder.
Appears in 9 contracts
Samples: Note (Micro Component Technology Inc), Paincare Holdings Inc, Paincare Holdings Inc
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentAgreement, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 5 contracts
Samples: Securities Purchase Agreement (Nestor Inc), Nestor Inc, Nestor Inc
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related Document, after which grace period a the default interest rate Contract Rate set forth in the first paragraph of five percent (5%) per annum above the then applicable interest rate hereunder Article IV hereof shall apply to the monetary amounts due.
Appears in 3 contracts
Samples: Tidel Technologies Inc, Tidel Technologies Inc, Tidel Technologies Inc
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate Interest Rate hereunder shall apply to the monetary amounts due.. DEFAULT RELATED PROVISIONS
Appears in 3 contracts
Samples: Dyntek Inc, Dyntek Inc, Dyntek Inc
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts dueNote.
Appears in 3 contracts
Samples: Force Protection Inc, DSL Net Inc, DSL Net Inc
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder Default Rate shall apply to the monetary amounts due.
Appears in 3 contracts
Samples: Transgenomic Inc, Transgenomic Inc, Transgenomic Inc
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 3 contracts
Samples: Secured Revolving Note (Micro Component Technology Inc), Inyx Inc, Ventures National Inc
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts dueAncillary Agreement.
Appears in 2 contracts
Samples: Greenman Technologies Inc, Global Payment Technologies Inc
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related DocumentAncillary Agreements, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 2 contracts
Samples: Home Solutions of America Inc, Ventures National Inc
Payment Grace Period. The Borrower shall have a three (3) business day Business Day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Bam Entertainment Inc), Bam Entertainment Inc
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentNote, after which grace period a default interest rate of five fifteen percent (515%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts dueowed hereunder.
Appears in 2 contracts
Samples: General Components, Inc., Celtron International Inc
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related DocumentAncillary Agreements, after which grace period a default interest rate of five two and one half percent (52.5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 2 contracts
Samples: Veridium Corp, Veridium Corp
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentNote, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 2 contracts
Samples: Nestor Inc, Nestor Inc
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentNote, after which grace period a default interest rate of five fifteen percent (515%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts dueowed hereunder.
Appears in 2 contracts
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related DocumentAncillary Agreements, after which grace period a default interest rate of five ten percent (510%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 2 contracts
Samples: Global Payment Technologies Inc, Greenman Technologies Inc
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentNote, after which grace period a default interest rate of five eighteen percent (518%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts dueowed hereunder.
Appears in 2 contracts
Samples: Advanced Optics Electronics Inc, Advanced Optics Electronics Inc
Payment Grace Period. The Borrower Borrowers shall have a three (3) ---------------------- business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related DocumentAncillary Agreements, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts duedue until such amounts are paid.
Appears in 1 contract
Samples: Elinear Inc
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentNote, after which grace period a default interest rate of five percent (5%) 18% per annum above the then applicable interest rate hereunder shall apply to the monetary amounts dueowed hereunder.
Appears in 1 contract
Samples: Convertible Note Purchase Agreement (Advanced Optics Electronics Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.. 4.11
Appears in 1 contract
Samples: Ventures National Inc
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentAgreement, after which grace period a default interest rate of five two percent (52%) per annum above the then applicable interest rate hereunder month shall apply to the monetary amounts duedue hereunder.
Appears in 1 contract
Samples: Conolog Corp
Payment Grace Period. The Borrower shall have a three (3three(3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentNote, after which grace period and during the pendency of any other Event of Default (as defined below) a default interest rate of five fifteen percent (515%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts dueowed hereunder.
Appears in 1 contract
Samples: Airtrax Inc
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related Document, after which grace period a default interest rate of five two percent (52%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts duedue hereunder.
Appears in 1 contract
Samples: United Energy Corp /Nv/
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentAgreement, after which grace period a default interest rate of five ten percent (510%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts duedue hereunder until such Event of Default is cured.
Appears in 1 contract
Samples: Global Payment Technologies Inc
Payment Grace Period. The Borrower Borrowers shall have a three (3) ---------------------- business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts duedue until such amounts are paid.
Appears in 1 contract
Samples: Elinear Inc