Common use of Failure to Pay Clause in Contracts

Failure to Pay. The Company shall fail to pay when due (i) any principal payment or (ii) any interest payment or other payment required under the terms of this Note on the date due, and such payment shall not have been made within ten (10) Business Days after the date due.

Appears in 5 contracts

Samples: Convertible Note Purchase Agreement (Uxin LTD), Convertible Note Purchase Agreement (Uxin LTD), Convertible Note Purchase Agreement (Uxin LTD)

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Failure to Pay. The Company shall fail to pay when due (i) when due any principal principal, or interest payment or other sum on the due date hereunder or (ii) any interest payment or other payment required under the terms of this Note or any other Transaction Document on the date due, due and such payment shall not have been made within ten failure continues for a period of five (105) Business Days business days after the date due.due date;

Appears in 5 contracts

Samples: Convertible Subordinated Note Purchase Agreement (MobileSmith, Inc.), Convertible Subordinated Note Purchase Agreement (MobileSmith, Inc.), Convertible Subordinated Note Purchase Agreement (MobileSmith, Inc.)

Failure to Pay. The Company shall fail to pay when due (i) when due any principal payment on the due date hereunder or (ii) any interest payment or other payment required under the terms of this Note or any other Transaction Document on the date due, due and such payment shall not have been made within ten five (105) Business Days after of the date due.Company’s receipt of written notice to the Company of such failure to pay;

Appears in 4 contracts

Samples: Convertible Promissory Note Purchase Agreement (500.com LTD), Convertible Promissory Note Purchase Agreement (500.com LTD), Convertible Note Purchase Agreement

Failure to Pay. The Company shall fail to pay when due (i) when due any principal payment on the due date hereunder or (ii) any interest payment or other payment required under the terms of this Note or any other Transaction Document on the date due, due and such payment shall not have been made within ten five (105) Business Days after of the date due.Company’s receipt of written notice to the Company of such failure to pay; or

Appears in 3 contracts

Samples: Convertible Promissory Note Purchase Agreement (XL Fleet Corp.), Security Agreement (Impinj Inc), Loyalty Alliance Enterprise Corp

Failure to Pay. The Company shall fail to pay when due (i) when due any principal payment on this Note or (ii) any interest payment or other payment required under the terms of this Note on the date due, and such payment shall not have been made within ten (10) five Business Days after the date due.of its due date;

Appears in 3 contracts

Samples: Revolving Credit Agreement (American Mobile Satellite Corp), Term Credit Agreement (American Mobile Satellite Corp), Note Purchase Agreement (American Mobile Satellite Corp)

Failure to Pay. The Company shall fail to pay when due (i) when due any principal payment on the due date hereunder or (ii) any interest payment or other payment required under the terms of this Note or the Security Agreement (as defined below) on the date due, due and such payment shall not have been made within ten five (105) Business Days after days following the date when due.

Appears in 2 contracts

Samples: Promissory Note Purchase Agreement, Subordination Agreement (Lectec Corp /Mn/)

Failure to Pay. The Company shall fail to pay when due (i) when due any principal payment on the due date therefor or (ii) any interest payment or other payment required under the terms of this Note or any other Transaction Document on the date due, due and such payment shall not have been made within ten (10) five Business Days after of the date due.Company’s failure to pay; or

Appears in 2 contracts

Samples: Security Agreement (Response Biomedical Corp), Security Agreement (Response Biomedical Corp)

Failure to Pay. The Company shall fail to pay when due (i) when due any principal payment on the due date hereunder or (ii) any interest payment or other payment required under the terms of this Note Agreement on the date duedue for such payment, and provided that the Company does not fully remedy any such payment shall not have been made nonpayment or underpayment within ten (10) Business Days business days after the due date due.for the payment;

Appears in 2 contracts

Samples: Convertible Loan Agreement (XBiotech Inc.), Convertible Loan Agreement (XBiotech Inc.)

Failure to Pay. The Company shall fail fails to pay when due (i) any principal payment or (ii) any interest payment amounts when due or other payment required under the terms fees hereon in accordance herewith, when due, and, in any such case, such failure shall continue for a period of this Note on five (5) days following the date due, and upon which any such payment shall not have been made within ten (10) Business Days after the date was due.

Appears in 2 contracts

Samples: Solar Thin Films, Inc., Solar Thin Films, Inc.

Failure to Pay. The Company shall fail to pay when due (i) when due any principal payment on this Note or (ii) any interest payment or other payment required under the terms of this Note on the date due, and such payment shall not have been made or any other Transaction Document within ten (10) five Business Days after the date due.of its due date; or

Appears in 2 contracts

Samples: Note Purchase Agreement (Satcon Technology Corp), Note and Warrant Purchase Agreement (Satcon Technology Corp)

Failure to Pay. The Company shall fail fails to pay when due (i) when due any principal payment on the due date hereunder or (ii) any interest Default Interest payment or other payment required under the terms of this Note Bond or any other Transaction Document on the date due, due and such payment shall not have been made within ten five (105) Business Days after business days of the date due.Company’s receipt of written notice to the Company of such failure to pay;

Appears in 1 contract

Samples: Convertible Bonds Subscription Agreement (20/20 GeneSystems, Inc.)

Failure to Pay. The Company shall fail to pay when due (i) when due any principal payment on the due date hereunder or (ii) any interest payment or other payment required under the terms of this Note or any other Transaction Document on the date due, due and such payment shall not have been made within ten failure continues for five (105) Business Days after the date due.days; or

Appears in 1 contract

Samples: Exchange Agreement (Entravision Communications Corp)

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Failure to Pay. The Company shall fail to pay when due (i) when due any principal or interest payment on the due date hereunder or (ii) any interest payment or other payment required under the terms of this Note on the date due, due and such payment shall not have been made within ten five (105) Business Days after the date due.business days of such due date;

Appears in 1 contract

Samples: Biodiesel Purchase Agreement (Imperium Renewables Inc)

Failure to Pay. The Company or any of its subsidiaries shall fail to pay when due (i) when due any principal or interest payment on the due date hereunder or (ii) any interest payment or other payment required under the terms of this Note or any other Transaction Document on the date due, due and such payment shall not have been made within ten three (103) Business Days after the date due.business days of such failure to pay; or

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Brekford Corp.)

Failure to Pay. The If Company shall fail to pay any payment when due (i) any principal payment or (ii) due, and any interest payment or other payment required under the terms of this Note on the date due, due and such payment shall not have been made within ten five (105) Business Days after days of the date due.due date; or

Appears in 1 contract

Samples: Loan Agreement (Us Farms, Inc.)

Failure to Pay. The Company shall fail to pay when due (i) when due any principal payment on the due date hereunder or (ii) any interest payment or other payment required under the terms of this Note or any other Transaction Document on the date due, due and such payment shall not have been made within ten three (103) Business Days after of the due date due.thereof; or

Appears in 1 contract

Samples: Security Agreement (Endostim, Inc.)

Failure to Pay. The Company shall fail fails to pay when due (i) when due any principal payment on the due date hereunder or (ii) any interest payment or other payment required under the terms of this Note or any other Transaction Document on the date due, due and such payment shall has not have been made within ten (10) five Business Days after of the date due.Company’s receipt of written notice to the Company of such failure to pay;

Appears in 1 contract

Samples: Jones Soda Co

Failure to Pay. The Company shall fail to pay when due (i) when due any principal payment on the due date hereunder or (ii) any interest payment or other payment required under the terms of this Note or any other Transaction Document on the date due, due and such payment shall not have been made within ten (10) Business Days business days after the date due.due date; or

Appears in 1 contract

Samples: Quepasa Corp

Failure to Pay. The Company shall fail to pay when due (i) when due, any principal payment on the due date hereunder or (ii) any interest payment or other payment required under the terms of this Note on the date due, due and such payment shall not have been made within ten five (105) Business Days after of the date due.Company's receipt of written notice to the Company of such failure to pay;

Appears in 1 contract

Samples: Loan Agreement (Genesis Financial Inc)

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