Common use of Failure to Pay Principal and Interest Clause in Contracts

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.

Appears in 15 contracts

Samples: Securities Purchase Agreement (SinglePoint Inc.), Securities Purchase Agreement (Growlife, Inc.), Securities Purchase Agreement (Growlife, Inc.)

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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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Gelstat Corp)

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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.

Appears in 1 contract

Samples: Securities Purchase Agreement (NovAccess Global Inc.)

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