Payment Grace Period. Following the occurrence and continuance of an Event of Default beyond any applicable cure period hereunder, the Borrower shall pay the Holder a default interest rate of two percent (2%) per month on all amounts due and owing under the Note, which default interest shall be payable upon demand.
Appears in 19 contracts
Samples: Secured Term Note (Rentech Inc /Co/), Dynamic Health Products Inc, Certified Services Inc
Payment Grace Period. Following the occurrence and continuance of an Event of Default beyond any applicable cure period hereunder, the Borrower shall pay the Holder a default interest rate of two percent (2%) per month on all amounts due and owing under the Note,, which default interest shall be payable upon demand.
Appears in 12 contracts
Samples: Island Pacific Inc, Synergy Brands Inc, Greenman Technologies Inc
Payment Grace Period. Following the occurrence and continuance of an Event of Default beyond any applicable cure period hereunder, the Borrower shall pay the Holder a default interest rate of two four percent (24%) per month annum on all amounts due and owing under the Note,, which default interest shall be payable upon demand.
Appears in 2 contracts
Samples: Synergy Brands Inc, Synergy Brands Inc
Payment Grace Period. Following the occurrence and continuance of an Event of Default beyond any applicable cure period hereunder, the Borrower shall pay the Holder a default interest rate of two one and one half percent (21.5%) per month on all amounts due and owing under the Note, which default interest shall be payable upon demand.
Appears in 2 contracts
Samples: Pacific Biometrics Inc, Pacific Biometrics Inc
Payment Grace Period. Following the occurrence and continuance of an Event of Default beyond any applicable cure period hereunder, the Borrower shall pay the Holder a default interest rate of two one percent (21.0%) per month on all amounts due and owing under the Note, which default interest shall be payable upon demand.
Appears in 2 contracts
Samples: Powercold Corp, Powercold Corp
Payment Grace Period. Following the occurrence and continuance of an Event of Default beyond any applicable cure period hereunder, and for as long as such Event of Default has not been cured, the Borrower shall pay the Holder a an additional default interest rate of two five and one half percent (25.5%) per month annum on all amounts due and owing under the Note, which default interest shall be payable upon demand.
Appears in 2 contracts
Samples: Bos Better Online Solutions LTD, Bos Better Online Solutions LTD
Payment Grace Period. Following the occurrence and continuance of an Event of Default beyond any applicable cure period hereunder, the Borrower shall pay the Holder a default interest rate of two percent (22.0%) per month on all amounts due and owing under the this Note, which default interest shall be payable upon demand.
Appears in 1 contract
Samples: Axtive Corp
Payment Grace Period. Following the occurrence and continuance of an Event of Default beyond any applicable cure period hereunder, the Borrower shall pay the Holder a default interest rate of two one and one half percent (21.50%) per month on all amounts due and owing under the Note,, which default interest shall be payable upon demand.
Appears in 1 contract
Samples: Magic Lantern Group Inc
Payment Grace Period. Following the occurrence and continuance of an -------------------- Event of Default beyond any applicable cure period hereunder, the Borrower shall pay the Holder a default interest rate of two percent (2%) per month on all amounts due and owing under the Note,, which default interest shall be payable upon demand.
Appears in 1 contract
Samples: Sequiam Corp
Payment Grace Period. Following the occurrence and continuance of an Event of Default beyond any applicable cure period hereunder, the Borrower shall pay the Holder a an additional default interest rate of two four percent (24%) per month annum on all amounts due and owing under the Note, which default interest shall be payable upon demand.
Appears in 1 contract
Samples: Synergy Brands Inc
Payment Grace Period. Following the occurrence and continuance of an Event of Default beyond any applicable cure period hereunderDefault, the Borrower shall pay the Holder a default interest rate of two percent the lesser of (2%a) the maximum rate permitted by law, or (b) 18% per month annum on all amounts due and owing under the Note, which default interest shall be payable upon demand. Presentment, demand, protest, notice of dishonor and all other notices are hereby waived by Borrower.
Appears in 1 contract
Samples: AGU Entertainment Corp.
Payment Grace Period. Following the occurrence and continuance of an Event of Default beyond any applicable cure period hereunder, the Borrower shall pay the Holder a default interest rate of two one and one half percent (21.5%) per month on all amounts due and owing under the NoteDebenture, which default interest shall be payable upon demand.
Appears in 1 contract
Payment Grace Period. Following the occurrence and continuance of an Event of Default beyond any applicable cure period hereunder, the Borrower shall pay the Holder a default interest rate of two eight percent (28.0%) per month annum on all amounts due and owing under the Note, which default interest shall be payable upon demand.
Appears in 1 contract
Samples: Greenman Technologies Inc
Payment Grace Period. Following the occurrence and continuance of an Event of Default beyond any applicable cure period hereunder, the Borrower shall pay the Holder a default interest rate of two equal to three percent (23%) per month annum above the Interest Rate from time to time in effect on all amounts due and owing under the Note, which default interest shall be payable upon demand.
Appears in 1 contract
Samples: Gvi Security Solutions Inc