Failure to Pay Principal and Interest Sample Clauses

Failure to Pay Principal and Interest. The Borrower fails to pay the principal hereof or interest thereon when due on this Note, whether at maturity or upon acceleration and such breach continues for a period of five (5) days after written notice from the Holder.
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Failure to Pay Principal and Interest. The Borrower fails to pay the entire principal and any accrued and unpaid interest due hereunder on the Maturity Date.
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Failure to Pay Principal and Interest. Failure by Borrower to pay to Lender any interest payments within five (5) days after the same becomes due under this Agreement or any other Loan Document or the failure of Borrower to pay to Lender any principal payments as and when due (after expiration of all applicable notice and grace periods), including without limitation, any payment required pursuant to Section 2.4(b).
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Failure to Pay Principal and Interest. Maker fails to pay the principal hereof or interest thereon when due under this Note, whether at maturity or upon acceleration and such breach continues for a period of five (5) days after written notice from the Holder.
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Failure to Pay Principal and Interest. The Company shall fail to pay (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 and such payment shall not have been made within five (5) business days of the due date thereof; or
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Failure to Pay Principal and Interest. The Mortgagor shall fail to pay promptly any payment of the Principal Sum or of any interest thereon as and when the same is due and payable in accordance with the terms of the Note, and such failure shall continue for ten (10) days.
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Related to Failure to Pay Principal and Interest

  • Principal and Interest This Note will bear interest in the same manner as set forth in Section 3(a) above, and payments of principal and interest shall be made as set forth on the face hereof. Discount Notes may not bear any interest currently or may bear interest at a rate that is below market rates at the time of issuance. The difference between the Issue Price of a Discount Note and par is referred to as the “Discount”.

  • Payment of Principal and Interest The Company covenants and agrees that it will cause to be paid the principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, each of the Notes at the places, at the respective times and in the manner provided herein and in the Notes.

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