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 promissory note issued pursuant to the Security Agreement, when due in accordance with the terms of such note.
Appears in 7 contracts
Samples: Security Agreement (Electric City Corp), Secured Convertible Note (Home Solutions of America Inc), Secured Convertible Note (Transgenomic 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 on any other promissory note Note issued pursuant to the Security Agreement, when due in accordance with the terms of such noteNote.
Appears in 3 contracts
Samples: Secured Revolving Note (Micro Component Technology Inc), Secured Revolving Note (Inyx Inc), Convertible Note (Ventures National Inc)
