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

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 61 contracts

Samples: Subscription Agreement (Mooney Aerospace Group LTD), Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Sanguine Corp)

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Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 58 contracts

Samples: Secured Convertible Note (Kaire Holdings Inc), Convertible Note (Kaire Holdings Inc), Convertible Note (Kaire Holdings Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) business days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) business day period described in Section 1.1 hereof.

Appears in 11 contracts

Samples: Convertible Note (Alterrus Systems Inc.), Subscription Agreement (Valcent Products Inc.), Convertible Note (Valcent Products Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal Principal, interest, Premium or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 7 contracts

Samples: Convertible Note (Bravo Foods International Corp), Convertible Note (Bravo Foods International Corp), Convertible Note (Bravo Foods International Corp)

Failure to Pay Principal or Interest. The Borrower fails to pay any ------------------------------------ installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 6 contracts

Samples: Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) business days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10)) business day period described in Section 1.1 hereof.

Appears in 4 contracts

Samples: Secured Convertible Note (Tasker Products Corp), Senior Secured Convertible Note (Advance Nanotech, Inc.), Senior Secured Convertible Note (Advance Nanotech, Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay any ---------------------------------------- installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 4 contracts

Samples: Convertible Note (Imaging Technologies Corp/Ca), Convertible Note (Imaging Technologies Corp/Ca), Convertible Note (Imaging Technologies Corp/Ca)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten thirty (1030) days after the due date. The ten thirty (1030) day period described in this Section 3.1 is the same ten (1030) day period described in Section 1.1 hereof.

Appears in 3 contracts

Samples: Convertible Note (Venta Global Inc), Convertible Note (Venta Global Inc), Convertible Note (Venta Global Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) business day period described in Section 1.1 hereof.

Appears in 3 contracts

Samples: Unsecured Convertible Note (Xechem International Inc), Convertible Note (One Voice Technologies Inc), Convertible Note (One Voice Technologies Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest hereon when due and such failure continues for a period of ten twelve (1012) days after the due date. The ten twelve (1012) day period described in this Section 3.1 is the same ten twelve (1012) day period described in Section 1.1 hereof.

Appears in 2 contracts

Samples: Convertible Note (Tirex Corp), Convertible Note (Tirex Corp)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereofof the Note.

Appears in 2 contracts

Samples: Convertible Note (Artwork & Beyond Inc), Convertible Note (Ivg Corp)

Failure to Pay Principal or Interest. The Borrower fails to -------------------------------------- pay any installment of principal or interest hereon when due and such failure continues for a period of ten often (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 2 contracts

Samples: Convertible Note (Global Telemedia International Inc), Convertible Note (Global Telemedia International Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 2.1 is the same ten (10) day period described in Section 1.1 1.3 hereof.

Appears in 2 contracts

Samples: Purchase Money Promissory Note (American Hospital Resources Inc), Purchase Money Promissory Note (American Hospital Resources Inc)

Failure to Pay Principal or Interest. The Borrower fails to -------------------------------------- pay any installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Convertible Note (Global Telemedia International Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten often (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Appyea, Inc)

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Failure to Pay Principal or Interest. The Borrower fails to pay -------------------------------------- any installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Convertible Note (Endovasc LTD Inc)

Failure to Pay Principal or Interest. The Borrower fails ------------------------------------- to pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) business day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Convertible Note (Family Room Entertainment Corp)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment instalment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) business days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) business day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Convertible Note Agreement (Alterrus Systems Inc.)

Failure to Pay Principal or Interest. The Borrower fails to ------------------------------------ pay any installment of principal principal, interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) business day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Convertible Note (Amnis Systems Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 2.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Secured Promissory Note (Genius Products Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay --------------------------------------- any installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Convertible Note (E Videotv Inc/De)

Failure to Pay Principal or Interest. The Borrower fails to pay any ---------------------------------------- installment of principal or interest hereon when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Convertible Note (Go Online Networks Corp)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest hereon other sum due under this Note when due and such failure continues for a period of ten (10) days after the due date. The ten (10) day period described in this Section 3.1 is the same ten (10) day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Convertible Note (One Voice Technologies Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal interest or interest hereon other sum due under this Note when due and such failure continues for a period of ten twelve (1012) business days after the due date. The ten twelve (1012) day period described in this Section 3.1 is the same ten twelve (1012) business day period described in Section 1.1 hereof.

Appears in 1 contract

Samples: Convertible Note (Ever-Glory International Group, Inc.)

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