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.

Appears in 16 contracts

Samples: Stock Purchase Agreement (Ems Find, Inc.), Subscription Agreement (Lexington Energyservices Inc.), Nuvim 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) daysdays after written notice to the Borrower from the Holder.

Appears in 14 contracts

Samples: Convertible Note (Interiors Inc), Convertible Notes (Interiors Inc), Convertible Note (Interiors 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 fifteen (1015) daysdays after the due date.

Appears in 10 contracts

Samples: Blastgard International Inc, Wizzard Software Corp /Co, Wizzard Software Corp /Co

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest hereon when the Principal and Interest due under this Note at Maturity and such failure continues for a period of ten (10) daysdays after the due date.

Appears in 5 contracts

Samples: Royale Energy Holdings, Inc., Royale Energy Holdings, Inc., Royale Energy 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) daysdays after the due date.

Appears in 5 contracts

Samples: Subscription Agreement (Plus Solutions Inc), Aethlon Medical Inc, Cambio Inc

Failure to Pay Principal or Interest. The Borrower fails to pay when due any installment of principal or interest hereon when due in accordance herewith, and in any such case, such failure continues shall continue for a period of ten fifteen (1015) daysdays following the date upon which any such payment was due.

Appears in 5 contracts

Samples: Rentech Inc /Co/, Rentech Inc /Co/, Rentech Inc /Co/

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) daysdays after the due date.

Appears in 3 contracts

Samples: Macrochem Corp, Macrochem Corp, Macrochem Corp

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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) daysdays after written notice to the Borrower from the Holder, except for monetary amounts due on the Maturity Date, accelerated or otherwise, for which no notice is required.

Appears in 1 contract

Samples: Antra Holdings Group 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) daysdays after the due date and any applicable grace period.

Appears in 1 contract

Samples: Ibiz Technology 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) daysdays after the due date.

Appears in 1 contract

Samples: Kaire Holdings Inc

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