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 any installment of principal, interest or other fees hereon or in respect of any other promissory note issued pursuant to the Purchase Agreement when due.

Appears in 7 contracts

Samples: Secured Term Note (Stockeryale Inc), Secured Term Note (Stockeryale Inc), Secured Term Note (Stockeryale Inc)

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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 or provided in respect of any other promissory note issued pursuant to the Purchase Agreement when duethis Term Note in accordance with this Term Note.

Appears in 2 contracts

Samples: Secured Term Note (EMTA Holdings, Inc.), Secured Term Note (EMTA Holdings, Inc.)

Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay any installment of principal, interest or other fees hereon or in respect of any other promissory note issued pursuant to the Securities Purchase Agreement dated as of the date hereof by and between the Borrower and the Holder (as amended and as may be further amended, restated, modified and/or supplemented from time to time, the “Purchase Agreement”) when due.

Appears in 1 contract

Samples: Secured Term Note (Stockeryale 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 or in respect of on any other promissory note issued pursuant to the Purchase Agreement Security Agreement, or the Borrower fails to pay when duedue any amount due under any other promissory note issued by the Borrower, when due in accordance with the terms of such note.

Appears in 1 contract

Samples: Secured Convertible Note (DSL Net Inc)

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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 in respect the Borrower or any of its Subsidiaries fails to pay when due any amount due under any other promissory note issued pursuant to the Purchase Agreement when dueby Borrower.

Appears in 1 contract

Samples: Secured Convertible Term Note (Micro Component Technology Inc)

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