Failure to Pay. The Company fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.
Appears in 19 contracts
Samples: Secured Term Note (Digital Recorders Inc), Amended And (Digital Recorders Inc), Secured Term Note (Datalogic International Inc)
Failure to Pay. The Company fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.;
Appears in 17 contracts
Samples: Micro Component Technology Inc, Micro Component Technology Inc, New Century Energy Corp.
Failure to Pay. The Company fails to pay when due any installment -------------- of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.
Appears in 7 contracts
Samples: New Century Energy Corp., New Century Energy Corp., New Century Energy Corp.
Failure to Pay. The Company fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three (3) business days following the date upon which any such payment was due.
Appears in 6 contracts
Samples: Cyber Digital Inc, Earthfirst Technologies Inc, Windswept Environmental Group Inc
Failure to Pay. The Any Company fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the any Company fails to pay any of the other Obligations (under and as defined in the Master any Security AgreementDocument) when due, and, in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.
Appears in 4 contracts
Samples: Secured Term Note (True North Energy CORP), Secured Term Note (True North Energy CORP), Secured Term Note (True North Energy CORP)
Failure to Pay. The Company fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three five (35) days following the date upon which any such payment was due.
Appears in 3 contracts
Samples: Waiver Agreement (Xfone Inc), House of Brussels Chocolates Inc, Apogee Technology Inc
Failure to Pay. The Company fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three (3) business days following the date upon which any such payment was due.;
Appears in 3 contracts
Samples: Secured Term Note (Windswept Environmental Group Inc), Secured Term Note (Windswept Environmental Group Inc), Windswept Environmental Group Inc
Failure to Pay. The Company fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security AgreementAgreement (as defined below)) when due, and, in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.;
Appears in 2 contracts
Samples: Secured Term Note (New Century Energy Corp.), Secured Term Note (New Century Energy Corp.)
Failure to Pay. The Company fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.
Appears in 2 contracts
Samples: Biodelivery Sciences International Inc, Biodelivery Sciences International Inc
Failure to Pay. The Company fails to pay when due any ---------------- installment of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.
Appears in 2 contracts
Samples: Secured Term (Texhoma Energy Inc), New Century Energy Corp.
Failure to Pay. The Any Company fails to pay when due due, whether at maturity, upon acceleration or otherwise, (i) any installment of principal, interest or other fees hereon principal in accordance herewith, or the Company fails to pay (ii) any installment of interest in accordance herewith or any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such casewith respect to this clause (ii), such failure shall continue for a period of three five (35) days following the date upon which any such payment was due.;
Appears in 1 contract
Samples: A21 Inc
Failure to Pay. The Company fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in that certain Security Agreement dated of even date herewith between the Master Company and Holder (the βSecurity Agreementβ)) when due, and, in any such case, such failure shall continue for a period of three fifteen (315) business days following the date upon which any such payment was due.;
Appears in 1 contract
Samples: Proelite, Inc.
Failure to Pay. The Company fails to pay when due -------------- any installment of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.
Appears in 1 contract
Failure to Pay. The Company fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Company or Patients fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.
Appears in 1 contract
Samples: Patients & Physicians, Inc.
Failure to Pay. The Company fails to pay when due any installment of -------------- principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three (3) business days following the date upon which any such payment was due.
Appears in 1 contract
Samples: Windswept Environmental Group Inc
Failure to Pay. The Company fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three five (35) business days following the date upon which any such payment was due.
Appears in 1 contract
Samples: Auxilio Inc
Failure to Pay. The Company fails to pay when due any installment of principal, interest interest, any Royalty Obligation (as defined in the Purchase Agreement) or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, due (and, only in any such casethe case of a failure to pay interest pursuant to Section 1.1, such failure shall continue continues for a period of three (3) days following the date upon which any such payment was due.days);
Appears in 1 contract
Failure to Pay. The Company fails to pay when due any --------------- installment of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three (3) days following the date upon which any such payment was due.
Appears in 1 contract
Samples: New Century Energy Corp.
Failure to Pay. The Company fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three business (3) days following the date upon which any such payment was due.
Appears in 1 contract
Samples: Path 1 Network Technologies Inc
Failure to Pay. The Company fails to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three (3) days Business Days following the date upon which any such payment was due.
Appears in 1 contract
Samples: Securities Purchase Agreement (Modtech Holdings Inc)
Failure to Pay. The Company fails to pay when due any installment of principal, interest or any other fees hereon amount payable hereunder in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined in the Master Security Agreement) when due, and, in any such case, such failure shall continue for a period of three fifteen (315) business days following the date upon which any such payment was due.;
Appears in 1 contract
Samples: Proelite, Inc.
