Common use of Failure to Pay Principal, Interest or other Fees Clause in Contracts

Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Borrower fails to pay when due any amount due under any other promissory note issued by Borrower, and in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.

Appears in 28 contracts

Samples: Convertible Term Note (Cryomass Technologies, Inc.), Convertible Term Note (Andina Gold Corp.), Convertible Term Note (Andina Gold Corp.)

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Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, principal or interest or other fees hereon in accordance herewith, or the Borrower fails to pay when due any amount due under any other promissory note issued by Borrower, and in any such case, such failure shall continue for a period of three thirty (330) days following the date upon which any such payment was due.

Appears in 26 contracts

Samples: Promissory Note (Guardian 8 Holdings), Term Note (Guardian 8 Holdings), Term Note (Guardian 8 Holdings)

Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Borrower fails to pay when due any amount due under any other promissory note issued by Borrower, and in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.

Appears in 10 contracts

Samples: Convertible Term Note (Ventures National Inc), Secured Convertible Term Note (Paincare Holdings Inc), Secured Convertible Term Note (Paincare Holdings Inc)

Failure to Pay Principal, Interest or other Fees. The Any Borrower fails to pay when due any installment of principal, interest or other fees hereon in accordance herewithor on any other promissory note issued pursuant to the Security Agreement, or the any Borrower fails to pay when due any amount due under any other promissory note issued by such Borrower, when due in accordance with the terms of such note, and in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.

Appears in 7 contracts

Samples: Secured Term Note (Thomas Equipment, Inc.), Secured Term Note (Thomas Equipment, Inc.), Secured Term Note (Thomas Equipment, Inc.)

Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment instalment of principal, interest or other fees hereon in accordance herewith, or the Borrower fails to pay when due any amount due under any other promissory note issued by Borrower, and in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.

Appears in 3 contracts

Samples: Secured Term Note (Creative Vistas Inc), Secured Term Note (Creative Vistas Inc), Secured Term Note (Creative Vistas Inc)

Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Borrower fails to pay when due any amount due under any other promissory note issued by Borrower, and in any such case, such failure shall continue for a period of three five (35) business days following the date upon which any such payment was due.

Appears in 3 contracts

Samples: Secured Convertible Term Note (Icoria, Inc.), Secured Convertible Term Note (Clinical Data Inc), Senior Secured Convertible Debenture (Perfisans Holdings Inc)

Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Borrower fails to pay within five (5) days of the date when due any amount due under any other promissory note issued by Borrower, and in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.

Appears in 3 contracts

Samples: Convertible Term Note (Axesstel Inc), Convertible Term Note (Axesstel Inc), Convertible Term Note (Axesstel Inc)

Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Borrower fails to pay when due any amount due under any other promissory note issued by Borrower, and in any such case, such failure shall continue for a period of three five (35) days following the date upon which any such payment was due.

Appears in 3 contracts

Samples: Secured Convertible Term Note (Magic Lantern Group Inc), Secured Convertible Term Note (Certified Services Inc), Secured Convertible Term Note (Axtive Corp)

Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Borrower fails to pay when due any amount due under any other promissory note issued by BorrowerBorrower to the Holder in accordance with the terms of such other promissory note, and in any such case, such failure shall continue continues for a period of three (3) days following after the date upon which any such payment was duedue date.

Appears in 2 contracts

Samples: Convertible Term Note (Electric City Corp), Convertible Term Note (Electric City Corp)

Failure to Pay Principal, Interest or other Fees. The Any Borrower fails to pay when due any installment of principal, interest or other fees hereon in accordance herewithor on any other Note issued pursuant to the Security Agreement, or the any Borrower fails to pay when due any amount due under any other promissory note issued by such Borrower, when due in accordance with the terms thereof, and in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.

Appears in 2 contracts

Samples: Secured Revolving Note (Thomas Equipment, Inc.), Secured Revolving Note (Maxim Mortgage Corp/)

Failure to Pay Principal, Interest or other Fees. The Borrower (i) fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or (ii) the Borrower fails to pay when due any amount exceeding $200,000 due under any other promissory note issued by BorrowerBorrower (unless the Borrower shall in good faith contest the validity of such amounts), and in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.

Appears in 2 contracts

Samples: Secured Convertible Term Note (Bos Better Online Solutions LTD), Secured Convertible Term Note (Bos Better Online Solutions LTD)

Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Borrower fails to pay when due any amount due under any other promissory note issued by BorrowerBorrower which has had, or could reasonably be expected to have, a Material Adverse Effect, and in any such case, such failure shall continue for a period of three five (35) days following the date upon which any such payment was due.

Appears in 2 contracts

Samples: Secured Convertible Term Note (Powercold Corp), Secured Convertible Term Note (Powercold Corp)

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Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Borrower fails to pay when due any amount due under any other promissory note issued by the Borrower, and in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.

Appears in 2 contracts

Samples: Secured Convertible Term Note (Corgenix Medical Corp/Co), Secured Convertible Term Note (Corgenix Medical Corp/Co)

Failure to Pay Principal, Interest or other Fees. The Any Borrower fails to pay when due any installment of principal, interest or other fees hereon in accordance herewithhereon, or the any Borrower fails to pay when due any amount due under any other promissory note issued by such Borrower, when due in accordance with the terms of such note, and in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.

Appears in 1 contract

Samples: Secured Term Note (Thomas Equipment, Inc.)

Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Borrower fails to pay when due any amount due under any other promissory note issued by Borrower, and in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.

Appears in 1 contract

Samples: Secured Term Note (Elec Communications Corp)

Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, interest or other fees hereon or on any other Note issued pursuant to the Security Agreement, when due in accordance herewith, or with the Borrower fails to pay when due any amount due under any other promissory note issued by Borrowerterms of such Note, and in any such case, such failure shall continue for a period of three (3) business days following after the date upon which any such payment was duedue date.

Appears in 1 contract

Samples: Secured Revolving Note (Global Payment Technologies Inc)

Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Borrower fails to pay when due any amount due under any other promissory note issued by Borrower, Borrower and in any such case, such failure shall continue continues for a period of three (3) days following the date upon which any after such payment was is the due.

Appears in 1 contract

Samples: Secured Convertible Term Note (Time America Inc)

Failure to Pay Principal, Interest or other Fees. The Borrower (i) fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or (ii) the Borrower fails to pay when due any amount exceeding $100,000 due under any other promissory note issued by BorrowerBorrower (unless the Borrower shall in good faith contest the validity of such amounts), and in any such case, such failure shall continue for a period of three thirty (330) days following the date upon which any such payment was due.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bos Better Online Solutions LTD)

Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Borrower fails to pay when due any amount due under any other promissory note issued by BorrowerXxxxxxxx, and in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was duedue in the case of this Note, or the applicable grace period thereunder, in the case of any other promissory note.

Appears in 1 contract

Samples: Secured Convertible Term Note (Coach Industries Group Inc)

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