Nonpayment. The failure of Borrower to pay when due any principal or interest at the Interest Rate on the Line of Credit or other charge with respect to the Principal Indebtedness, or the amount of any fee or payment required of Borrower under this Agreement or any of the Line of Credit Documents; provided, that Borrower shall have a five (5) business day period after which such payment is due in order to cure such breach.
Appears in 5 contracts
Samples: Line of Credit Agreement (Med-X, Inc.), Line of Credit Agreement (Boxlight Corp), Line of Credit Agreement (Boxlight Corp)
Nonpayment. The failure of the Borrower to pay when due any principal or interest at the Interest Rate on the Line of Credit or other charge with respect to the Principal Indebtedness, or the amount of any fee or payment required of Borrower under this Agreement or any of the Line of Credit Documents; provided, that Borrower shall have a five ten (510) business day period after which such payment is due in order to cure such breach.
Appears in 3 contracts
Samples: Line of Credit Agreement (Nanoviricides, Inc.), Line of Credit Agreement (Aptorum Group LTD), Line of Credit Agreement (STW Resources Holding Corp.)
Nonpayment. The failure of Borrower to pay when due any principal or interest at the Interest Rate on the Line of Credit or other charge with respect to the Principal Indebtedness, or the amount of any fee or payment required of Borrower under this Agreement or any of the Line of Credit DocumentsAgreement; provided, that Borrower shall have a five (5) business day period after which such payment is due in order to cure such breach.
Appears in 1 contract
