Common use of Failure to Pay Principal Clause in Contracts

Failure to Pay Principal. The Borrower fails to pay the Principal or other sum due under this Note when due.

Appears in 3 contracts

Samples: Note Purchase Agreement (Sun New Media Inc.), Note Purchase Agreement (Sun New Media Inc.), Note Purchase Agreement (PCS Edventures Com Inc)

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Failure to Pay Principal. The Borrower fails to pay the Principal or other sum due under this Note when duedue as set forth in Section 1.3 herein.

Appears in 3 contracts

Samples: Convertible Note (China for-Gen Corp.), Convertible Note (Long-E International, Inc.), Convertible Note (Long-E International, Inc.)

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