Late Payment Penalty. If any portion of the principal of or interest on this Debenture shall not be paid within ten (10) days of when it is due, the Discount Multiplier under this Debenture, and under all warrants granted by the Company to the Holder, shall decrease by one percentage point (1%) for all conversions of this Debenture and warrant exercises thereafter.
Appears in 11 contracts
Samples: Convertible Debenture (Diatect International Corp), Convertible Debenture (Direct Response Financial Services Inc), Convertible Debenture (Magic Media Networks Inc)
Late Payment Penalty. If any portion of the principal of or interest on this Debenture shall not be paid within ten (10) days of when it is due, the Discount Multiplier under this Debenture, and under all warrants granted by the Company to the Holder, shall decrease by one percentage point (1%) for all conversions of this Debenture and warrant exercises occurring until the date such payment is made and for one month thereafter.. 12 ------------------- -------------------- Initials Initials
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Late Payment Penalty. If any portion of the principal of or interest on this Debenture shall not be paid within ten (10) days of when it is due, the Discount Multiplier under this Debenture, and under all warrants granted by the Company to the Holder, shall decrease by an aggregate of one percentage point (1%) for all conversions of this Debenture and warrant exercises thereafter.. ----------- ----------- Initials 12 Initials
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