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), Electric City 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 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), Micro Component Technology Inc, Time America 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 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 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 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 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 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 shall apply to the monetary amounts dueAncillary Agreement.
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 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: Celtron International Inc, General Components, 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 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 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 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 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 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
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 (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 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
