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 written notice to the Borrower from the Holder.

Appears in 14 contracts

Samples: Convertible Note (Frederick Brewing Co), Convertible Note (Sims Communications Inc), Convertible Note (Frederick Brewing Co)

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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 fifteen (1015) days after written notice to the Borrower from the Holderdue date.

Appears in 10 contracts

Samples: Secured Convertible Note (Blastgard International Inc), Convertible Note (Wizzard Software Corp /Co), Convertible Note (Wizzard Software Corp /Co)

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 written notice to the Borrower from the Holderdue date.

Appears in 5 contracts

Samples: Convertible Note (Cambio Inc), Convertible Note (Osage Systems Group Inc), Convertible Note (Tech Laboratories 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) days after written notice to following the Borrower from the Holderdate upon which any such payment was due.

Appears in 5 contracts

Samples: Promissory Note (Rentech Inc /Co/), Promissory Note (Rentech Inc /Co/), Promissory Note (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) days after written notice to the Borrower from the Holderdue date.

Appears in 3 contracts

Samples: Convertible Promissory Note (Macrochem Corp), Convertible Promissory Note (Macrochem Corp), Convertible Promissory Note (Macrochem 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 thirty (1030) days after written notice to the Borrower from the Holder.

Appears in 2 contracts

Samples: Convertible Note (Omnicomm Systems Inc), Subscription Agreement (Multi Media Tutorial Services 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 written notice to the Borrower from the Holderdue date and any applicable grace period.

Appears in 1 contract

Samples: Convertible Note (Ibiz Technology 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) days 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: Secured Convertible Note (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) days after written notice to the Borrower from the Holderdue date.

Appears in 1 contract

Samples: Convertible Note (Kaire Holdings Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of the principal hereof or interest hereon thereon when due on this Note, at the due date therefor and such failure continues shall continue for a period of ten (10) 45 days after written notice thereof to the Borrower from the Holder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Q Comm 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 two (102) days after written notice to the Borrower from the Holder.

Appears in 1 contract

Samples: Securities Transfer Agreement (Eroom System Technologies Inc)

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