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 five (5) days after the due date. The five (5) day period described in this Section 3.1 is the same five (5) day period described in Section 1.1 hereof.
Appears in 14 contracts
Samples: Ibiz Technology Corp, Ibiz Technology Corp, Select Media Communications 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 five (5) days after the due date. The five (5) day period described in this Section 3.1 is the same five (5) day period described in Section 1.1 1.2 hereof.
Appears in 8 contracts
Samples: Diamond Entertainment Corp, Diamond Entertainment Corp, Medical Exchange 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 five (5) business days after the due date. The five (5) day period described in this Section 3.1 is the same five (5) business day period described in Section 1.1 hereof.
Appears in 3 contracts
Samples: Convertible Note (BigString CORP), Family Room Entertainment Corp, BigString 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 five (5) days after the due date. The five (5) day period described in this Section 3.1 is the same five (5) day period described in Section 1.1 hereof.
Appears in 2 contracts
Samples: Kaire Holdings Inc, Kaire Holdings 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 five (5) days after the due date. , The five (5) day period described in this Section 3.1 is the same five (5) day period described in Section 1.1 hereof.
Appears in 1 contract
Samples: Globetel Communications 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 five (5) days after the due date. The five (5) day period described in this Section 3.1 is the same five (5) day period described in Section 1.1 hereof.
Appears in 1 contract
Samples: Team Communications Group Inc
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 five (5) days after the due date. The five (5) day period described in this Section 3.1 2.1 is the same five (5) day period described in Section 1.1 1.2 hereof.
Appears in 1 contract
Samples: IDO Security Inc.
