Common use of Late Payment For Clause in Contracts

Late Payment For. Each No. of Days Late $10,000 of Common Stock ---------------- ----------------------- 1 $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 Over 10 $1,000 + $200 for each Business Day late beyond 10 days The Company shall pay any payments incurred under this Section in immediately available funds upon demand. Nothing herein shall limit the Investor's right to pursue actual damages for the Company's failure to issue and deliver the Securities to the Investor, except to the extent that such late payments shall constitute payment for and offset any such actual damages alleged by the Investor, and any Buy In Adjustment Amount.

Appears in 4 contracts

Samples: Investment Agreement (Organitech Usa Inc), Investment Agreement (12 to 20 Plus Inc), Investment Agreement (Nova Communications LTD)

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Late Payment For. Each No. of Days Late $10,000 of Common Stock ---------------- ----------------------- 1 $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 Over 10 $1,000 + $200 for each Business Day late beyond 10 days The Company shall pay any payments incurred under this Section in immediately available funds upon demand. Nothing herein shall limit the Investor's right to pursue actual damages for the Company's failure to issue and deliver the Securities Shares to the Investor, except to the extent that such late payments shall constitute payment for and offset any such actual damages alleged by the Investor, and any Buy In Adjustment Amount.

Appears in 2 contracts

Samples: Investment Agreement (Can Cal Resources LTD), Investment Agreement (Can Cal Resources LTD)

Late Payment For. Each No. of Days Late $10,000 of Common Stock ---------------- ----------------------- 1 $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 Over >10 $1,000 + +$200 for each Business Day late Late beyond 10 days The Company shall pay any payments incurred under this Section 8.5 in immediately available funds upon demand. Nothing herein shall limit the Investor's right to pursue actual damages for the Company's failure to issue and deliver the Securities Put Shares to the Investor, except to the extent that such late payments shall constitute payment for and offset any such actual damages alleged by the Investor, and any Buy In Adjustment AmountAmount (as defined below).

Appears in 2 contracts

Samples: Private Equity Credit Agreement (Computerized Thermal Imaging Inc), Private Equity Credit Agreement (NCT Group Inc)

Late Payment For. Each No. of Days Late $10,000 of Common Stock ---------------- ---------------------- ----------------------- 1 $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 Over 10 $1,000 + $200 for each Business Day late beyond 10 days The Company shall pay any payments incurred under this Section in immediately available funds upon demand. Nothing herein shall limit the Investor's right to pursue actual damages for the Company's failure to issue and deliver the Securities to the Investor, except to the extent that such late payments shall constitute payment for and offset any such actual damages alleged by the Investor, and any Buy In Adjustment Amount.

Appears in 1 contract

Samples: Investment Agreement (Gk Intelligent Systems Inc)

Late Payment For. Each No. of Days Late $10,000 of Common Stock ---------------- ----------------------- ------------------------ 1 $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 Over 10 $1,000 + $200 for each Business Day late beyond 10 days The Company shall pay any payments incurred under this Section in immediately available funds upon demand. Nothing herein shall limit the Investor's right to pursue actual damages for the Company's failure to issue and deliver the Securities to the Investor, except to the extent that such late payments shall constitute payment for and offset any such actual damages alleged by the Investor, and any Buy In Adjustment Amount.

Appears in 1 contract

Samples: Investment Agreement (Assure Energy Inc)

Late Payment For. Each No. of Days Late $10,000 of Common Stock ---------------- ----------------------- 1 $100 $ 0 2 $200 $ 0 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 Over 10 $1,000 + $200 for each Business Day late beyond 10 days 6 The Company shall pay any payments incurred under this Section in immediately available funds upon demand. Nothing herein shall limit the Investor's right to pursue actual damages for the Company's failure to issue and deliver the Securities to the Investor, except to the extent that such late payments shall constitute payment for and offset any such actual damages alleged by the Investor, and any Buy In Adjustment Amount.

Appears in 1 contract

Samples: Investment Agreement (Symbollon Corp)

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Late Payment For. Each No. of Days Late $10,000 of Common Stock ---------------- ----------------------- 1 $$ 100 2 $$ 200 3 $$ 300 4 $$ 400 5 $$ 500 6 $$ 600 7 $$ 700 8 $$ 800 9 $$ 900 10 $1,000 Over >10 $1,000 + +$200 for each Business Day late Late beyond 10 days The Company shall pay any payments incurred under this Section 8.5 in immediately available funds upon demand. Nothing herein shall limit the Investor's right to pursue actual damages for the Company's failure to issue and deliver the Securities Put Shares to the Investor, except to the extent that such late payments shall constitute payment for and offset any such actual damages alleged by the Investor, and any Buy In Adjustment AmountAmount (as defined below).

Appears in 1 contract

Samples: Private Equity Credit Agreement (NCT Group Inc)

Late Payment For. Each No. of Days Late $10,000 of Common Stock ---------------- ----------------------- 1 ------------------- -------------------------- $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 Over 10 $1,000 + $200 for each Business Day late beyond 10 days 100 The Company shall pay any payments incurred under this Section in immediately available funds upon demand. Nothing herein shall limit the Investor's right to pursue actual damages for the Company's failure to issue and deliver the Securities Shares to the Investor, except to the extent that such late payments shall constitute payment for and offset any such actual damages alleged by the Investor, and any Buy In Adjustment Amount.

Appears in 1 contract

Samples: Investment Agreement (FTS Apparel Inc)

Late Payment For. Each No. of Days Late $10,000 of Common Stock ---------------- ----------------------- 1 $$ 100 2 $$ 200 3 $$ 300 4 $$ 400 5 $$ 500 6 $$ 600 7 $$ 700 8 $$ 800 9 $$ 900 10 $1,000 Over 10 $1,000 + $200 for each Business Day late beyond 10 days The Company shall pay any payments incurred under this Section in immediately available funds upon demand. Nothing herein shall limit the Investor's right to pursue actual damages for the Company's failure to issue and deliver the Securities to the Investor, except to the extent that such late payments shall constitute payment for and offset any such actual damages alleged by the Investor, and any Buy In Adjustment Amount.

Appears in 1 contract

Samples: Investment Agreement (Flexxtech Corp)

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