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 (New Century Energy Corp.), Secured Term Note (Petrol Oil & Gas Inc), Secured Term Note (Petrol Oil & Gas 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 14 contracts
Samples: Note Agreement (Micro Component Technology Inc), Secured Term Note (New Century Energy Corp.), Note (Pervasip 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: Secured Convertible Term Note (New Century Energy Corp.), Secured Term Note (New Century Energy Corp.), Secured Convertible 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) business days following the date upon which any such payment was due.
Appears in 6 contracts
Samples: Secured Convertible Term Note (Cyber Digital Inc), Secured Convertible Term Note (Earthfirst Technologies Inc), Secured Convertible Term Note (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 (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), Secured Term Note (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) days following the date upon which any such payment was due.
Appears in 3 contracts
Samples: Secured Convertible Term Note (Xfone Inc), Secured Convertible Term Note (House of Brussels Chocolates Inc), Secured Convertible Term Note (Apogee Technology Inc)
Failure to Pay. The Company fails Companies fail to pay when due any installment of principal, interest or other fees hereon in accordance herewith, or the Company fails Companies fail 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 Note (Thomas Equipment, Inc.), Secured Term Note (Thomas Equipment, 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 Convertible Term Note (Biodelivery Sciences International Inc), Secured Convertible Term Note (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 Note (Texhoma Energy Inc), 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: Note Agreement (Elec Communications Corp), Note Agreement (Elec Communications 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 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 1 contract
Samples: Secured Convertible 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 five (35) business 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 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 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
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: Secured Convertible Term Note (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) 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 other fees hereon in accordance herewith, or the Company fails to pay any of the other Obligations (under and as defined obligations set forth in the Master Security any Related 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: Securities Purchase Agreement (Standard Management Corp)
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: Senior Secured Note (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 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: Senior Secured Note (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
Samples: Convertible Term Note (China Aoxing Pharmaceutical Company, 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 business (3) days following the date upon which any such payment was due.
Appears in 1 contract
Samples: Secured Convertible Term Note (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) business days following the date upon which any such payment was due.
Appears in 1 contract
Samples: Secured Convertible Term Note (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 (3) days following the date upon which any such payment was due.
Appears in 1 contract
