Common use of Payment Grace Period Clause in Contracts

Payment Grace Period. From and after the 10th day after an Event of Default under Section 3.1, the Interest Rate applicable to any unpaid amounts owed hereunder shall be increased to eighteen percent (18%) per annum.

Appears in 38 contracts

Samples: Consulting and Advisory Agreement (Elite Data Services, Inc.), Flint Telecom Group Inc., Peer to Peer Network

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Payment Grace Period. From and after the 10th day after an Event of Default under Section 3.1, the Interest Rate applicable to any unpaid amounts owed hereunder shall be increased to eighteen twenty-four percent (1824%) per annum.

Appears in 14 contracts

Samples: China Education International, Inc., Flint Telecom Group Inc., Cargo Connection Logistics Holding, Inc.

Payment Grace Period. From and after the 10th day after an Event of Default under Section 3.1, the Interest Rate applicable to any unpaid amounts owed hereunder shall be increased to eighteen sixteen percent (1816%) per annum.

Appears in 6 contracts

Samples: Sanswire Corp., Comprehensive Healthcare Solutions Inc, Globetel Communications Corp

Payment Grace Period. From and after the 10th day after an Event of Default under Section 3.1Article III, the Interest Rate interest rate applicable to any unpaid amounts owed hereunder shall be increased to eighteen 12 percent (1812%) per annum.

Appears in 2 contracts

Samples: Biolabmart Inc., Qrons Inc.

Payment Grace Period. From and after the 10th day after an Event of Default under Section 3.1, the Interest Rate applicable to any unpaid amounts owed hereunder shall be increased to eighteen ten percent (1810%) per annum.

Appears in 2 contracts

Samples: Caro Holdings Inc., Caro Holdings Inc.

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Payment Grace Period. From and after the 10th day after an Event of Default under Section 3.1, the Interest Rate applicable to any unpaid amounts owed hereunder shall be increased to eighteen twelve percent (1812%) per annum.

Appears in 2 contracts

Samples: Medical Care Technologies Inc., Medical Care Technologies Inc.

Payment Grace Period. From and after the 10th day after occurrence of an Event of Default under Section 3.1Article IV, the Interest Rate applicable to any unpaid amounts owed hereunder shall be increased to eighteen percent (18%) per annum.

Appears in 1 contract

Samples: Thinspace Technology, Inc.

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