Common use of Payment of Principal Clause in Contracts

Payment of Principal. The "Maturity Date" shall be December 15, 2020, and may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 2 contracts

Samples: Electromedical Technologies, Inc, Electromedical Technologies, Inc

AutoNDA by SimpleDocs

Payment of Principal. The "Maturity Date" shall be December 15[ ], 20202021, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 2 contracts

Samples: MassRoots, Inc., MassRoots, Inc.

Payment of Principal. The "Maturity Date" shall be December 15March 1, 20202022, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Odyssey Health, Inc.), Securities Purchase Agreement (Odyssey Group International, Inc.)

Payment of Principal. The "Maturity Date" shall be December 15November 29, 20202017, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Progreen US, Inc.

Payment of Principal. The "Maturity Date" shall be December 15September 17, 2020, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: MassRoots, Inc.

Payment of Principal. The "Maturity Date" shall be December 15October 16, 20202018, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Biolargo, Inc.

Payment of Principal. The "Maturity Date" shall be December 15September 5, 2020, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: MassRoots, Inc.

Payment of Principal. The "Maturity Date" shall be December 15, 2020, and may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Electromedical Technologies, Inc

Payment of Principal. The "Maturity Date" shall be December 15April 19, 20202018, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: MMEX Resources Corp

Payment of Principal. The "Maturity Date" shall be December 15May 10, 2020, and 2022 as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Home Bistro, Inc. /NV/

Payment of Principal. The "Maturity Date" shall be December 15June 6, 2020, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: MassRoots, Inc.

Payment of Principal. The "Maturity Date" shall be December 15July 7, 2020, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: MassRoots, Inc.

AutoNDA by SimpleDocs

Payment of Principal. The "Maturity Date" shall be December 15February 5th, 20202022, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Securities Purchase Agreement (Odyssey Group International, Inc.)

Payment of Principal. The "Maturity Date" shall be December 15September 1, 20202014, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Lithium Exploration Group, Inc.

Payment of Principal. The "Maturity Date" shall be December 15May 13, 2020, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: MassRoots, Inc.

Payment of Principal. The "Maturity Date" shall be December 15February 1, 20202021, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Home Bistro, Inc. /NV/

Payment of Principal. The "Maturity Date" shall be December 15September 14, 20202018, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Biolargo, Inc.

Payment of Principal. The "Maturity Date" shall be December 15October 17, 2020, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: MassRoots, Inc.

Payment of Principal. The "Maturity Date" shall be December 15March 30, 20202022, and as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Home Bistro, Inc. /NV/

Time is Money Join Law Insider Premium to draft better contracts faster.