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

Failure to Pay Principal or Interest. The Company fails to pay any installment of principal, interest or other sum due under this Note within ten days after the same becomes due, including without limitation the failure to pay due to the existence of a Blockage Event.

Appears in 11 contracts

Samples: Subscription Agreement (Air Industries Group), Subscription Agreement (Air Industries Group), Subscription Agreement (Air Industries Group)

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Failure to Pay Principal or Interest. The Company fails to pay any installment of principal, interest or other sum due under this Note within ten days after the same becomes due, including without limitation the failure to pay due to the existence of a Blockage Event.

Appears in 3 contracts

Samples: Usa Equities Corp., Air Industries Group, Air Industries Group

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