Common use of Failure to Pay Principal, Interest, Etc Clause in Contracts

Failure to Pay Principal, Interest, Etc. The Company fails to pay any principal or interest or other cash payment amount when due hereunder or under any of the other Transaction Documents, whether at maturity, upon acceleration or otherwise, as applicable, and such breach continues for a period of five calendar days from the date thereof; or

Appears in 2 contracts

Samples: Senior Subordinated Secured Convertible Note (Onstream Media CORP), Senior Subordinated Secured Convertible Note (Onstream Media CORP)

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Failure to Pay Principal, Interest, Etc. The Company fails to pay any principal or interest or other cash payment amount when due hereunder or under any of the other Transaction DocumentsDocuments (including, without limitation, Section 5(k) of the Note Purchase Agreement), whether at maturity, upon acceleration or otherwise, as applicable, and such breach continues for a period of five calendar days from the date thereof; or

Appears in 1 contract

Samples: Note Purchase Agreement (Onstream Media CORP)

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Failure to Pay Principal, Interest, Etc. The Company fails to pay any principal or interest or other cash payment amount when due hereunder or under any of the other Transaction Documentshereunder, whether at maturity, upon acceleration or otherwise, as applicable, and such breach continues for a period of five calendar business days after written notice thereof to the Company from the date thereofHolder; or

Appears in 1 contract

Samples: Note Purchase Agreement (Onstream Media CORP)

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