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 Amount, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five (5) business days after the due date.

Appears in 37 contracts

Samples: Assignment and Escrow Agreement (Attitude Drinks Inc.), Secured Convertible Note (Attitude Drinks Inc.), Secured Convertible Note (Attitude Drinks Inc.)

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Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal Amount, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five ten (510) business days after the due date.

Appears in 21 contracts

Samples: Convertible Note (Voip Inc), Convertible Note (Voip Inc), Convertible Note (Voip Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal Amountprincipal, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five ten (510) business days after the due date.

Appears in 19 contracts

Samples: Subscription Agreement (Viryanet LTD), Convertible Note (Hyperion Energy, Inc.), Convertible Note (Hyperion Energy, Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal Amountprincipal or interest hereon or on any other promissory note issued pursuant to the Purchase Agreement, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five (5) business days after the due date.

Appears in 12 contracts

Samples: Metropolitan Health Networks Inc, Metropolitan Health Networks Inc, Securities Purchase Agreement (Gosun Communications LTD Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment ANY portion of Principal Amount, the principal or interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five (5) business calendar days after the due date.

Appears in 3 contracts

Samples: Note and Security Agreement (Osage Exploration & Development Inc), Consolidated Note and Security Agreement (National Healthcare Technology Inc), Consolidated Note and Security Agreement (National Healthcare Technology Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal Amountprincipal, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five (510) business days after the due date.

Appears in 3 contracts

Samples: www.sec.gov, Acquisition of Assets (Smart-Tek Solutions Inc), Acquisition of Solvis Medical Group (Smart-Tek Solutions Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal Amount, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five (5) business days after the due date.

Appears in 3 contracts

Samples: Debt Exchange Agreement (Attitude Drinks Inc.), Note Exchange Agreement (Coconnect Inc), Debt Exchange Agreement (Coconnect Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any ------------------------------------ installment of Principal Amountprincipal or interest hereon or on any other promissory note issued pursuant to the Purchase Agreement, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five (5) business days after the due date.

Appears in 3 contracts

Samples: One Voice Technologies Inc, One Voice Technologies Inc, One Voice Technologies Inc

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal Amount, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five (5) 5 business days after the due date.

Appears in 2 contracts

Samples: Security Agreement (BioElectronics Corp), Subscription Agreement (NextMart Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay ------------------------------------ any installment of Principal Amountprincipal or interest hereon or on any other promissory note issued pursuant to the Purchase Agreement, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five (5) business days after the due date.

Appears in 2 contracts

Samples: One Voice Technologies Inc, Liquidix Inc

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal Amountprincipal, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five ten (510) business days after the due date.;

Appears in 1 contract

Samples: Silvergraph International Inc

Failure to Pay Principal or Interest. The Borrower fails ------------------------------------ to pay any installment of Principal Amountprincipal or interest hereon or on any other promissory note issued pursuant to the Purchase Agreement, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five (5) business days after the due date.

Appears in 1 contract

Samples: One Voice Technologies Inc

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal Amount, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five (5) business days after the due date.

Appears in 1 contract

Samples: Trend Mining Co

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Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal Amount, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five eight (5) 8) business days after the due date.

Appears in 1 contract

Samples: Phytomedical Technologies Inc

Failure to Pay Principal or Interest. The Borrower fails to pay --------------------------------------- any installment of Principal Amount, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five (5) business days after the due date.

Appears in 1 contract

Samples: FTS Group, Inc.

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal Amount, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five three (53) business days after the due date.

Appears in 1 contract

Samples: Airtrax Inc

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal Amountprincipal, interest or other sum due under this Note or any Transaction Document Documents when due and such failure continues for a period of five (5) business days after the due date.

Appears in 1 contract

Samples: Coffee Pacifica Inc

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal Amount, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five ten (510) business days after the due date.

Appears in 1 contract

Samples: BioMETRX

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal Amountprincipal amount, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five (5) business days after the due date.

Appears in 1 contract

Samples: Advisory Services Agreement (Coconnect Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal Amountprincipal or interest hereon or on any other promissory note issued pursuant to the Subscription Agreement, interest or other sum due under this Note or any Transaction Document when due and such failure continues for a period of five (5) business days after the due date.

Appears in 1 contract

Samples: Go Online Networks Corp

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