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

Failure to Pay Principal, Interest or other Fees. Borrower fails to pay the Principal Amount, interest or other fees hereon as and when the same shall become due and payable and such failure shall continue for a period of one (1) Business Day following the date upon which any such payment was due.

Appears in 6 contracts

Samples: Convertible Security Agreement (Tauriga Sciences, Inc.), Convertible Debenture (Tauriga Sciences, Inc.), Convertible Debenture (Tauriga Sciences, Inc.)

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Failure to Pay Principal, Interest or other Fees. Borrower fails to pay the Principal Amount, interest or other fees hereon as and when the same shall become due and payable and such failure shall continue for a period of one three (13) Business Day following the date upon which any such payment was due.

Appears in 4 contracts

Samples: Convertible Debenture Purchase Agreement (KonaRed Corp), Promissory Note (KonaRed Corp), Promissory Note (KonaRed Corp)

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