Late Payments. The Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 per business day after the Delivery Date. The Company shall make any payments incurred under this Section in immediately available funds upon demand.
Appears in 15 contracts
Sources: Securities Purchase Agreement (Modtech Holdings Inc), Note Agreement (Iwt Tesoro Corp), Secured Convertible Term Note (Accentia Biopharmaceuticals Inc)
Late Payments. The Each Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II III upon conversion of this Note, in the amount equal to $500 per business day Business Day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 15 contracts
Sources: Secured Convertible Minimum Borrowing Note (American Technologies Group Inc), Secured Convertible Minimum Borrowing Note (Accentia Biopharmaceuticals Inc), Note Agreement (Iwt Tesoro Corp)
Late Payments. The Each Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 per business day after the Delivery Date. The Company shall make any payments incurred under this Section in immediately available funds upon demand.
Appears in 9 contracts
Sources: Secured Convertible Term Note (American Technologies Group Inc), Secured Convertible Term Note (American Technologies Group Inc), Convertible Term Note (American Technologies Group Inc)
Late Payments. The Each Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 per business day Business Day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 7 contracts
Sources: Convertible Note (Iwt Tesoro Corp), Secured Revolving Note (Accentia Biopharmaceuticals Inc), Secured Revolving Note (Time America Inc)
Late Payments. The Company understands Companies understand that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article III beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II III upon conversion of this Note, in the amount equal to $500 250 per business day Business Day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 3 contracts
Sources: Convertible Note Agreement (ProLink Holdings Corp.), Convertible Note Agreement (ProLink Holdings Corp.), Convertible Note Agreement (ProLink Holdings Corp.)
Late Payments. The Each Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights the Companies shall, jointly and remedies which the Holder may have under this Noteseverally, applicable law or otherwise, the Company shall pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II III upon conversion of this Note, in the amount equal to $500 per business day Business Day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 3 contracts
Sources: Secured Convertible Note (Dynamic Health Products Inc), Secured Convertible Note (Dynamic Health Products Inc), Secured Convertible Minimum Borrowing Note (Dynamic Health Products Inc)
Late Payments. The Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II III upon conversion of this Note, in the amount equal to $500 per business day after the Delivery Date. The Company shall make any payments incurred under this Section in immediately available funds upon demand.
Appears in 3 contracts
Sources: Convertible Note Agreement (General Environmental Management, Inc), Secured Convertible Term Note (Patients & Physicians, Inc.), Convertible Note (General Environmental Management, Inc)
Late Payments. The Company understands Companies understand that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 per business day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 3 contracts
Sources: Secured Convertible Term Note (American Mold Guard Inc), Secured Convertible Term Note (Jagged Peak, Inc.), Secured Convertible Term Note (Elandia International Inc.)
Late Payments. The Each Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights the Companies shall, jointly and remedies which the Holder may have under this Noteseverally, applicable law or otherwise, the Company shall pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 per business day Business Day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 3 contracts
Sources: Secured Revolving Note (Dynamic Health Products Inc), Secured Revolving Note (Dynamic Health Products Inc), Secured Revolving Note (Dynamic Health Products Inc)
Late Payments. The Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 250 per business day after the Delivery Date. The Company shall make any payments incurred under this Section in immediately available funds upon demand.
Appears in 2 contracts
Sources: Secured Convertible Term Note (Apogee Technology Inc), Secured Convertible Term Note (Auxilio Inc)
Late Payments. The Each Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 250 per business day Business Day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 2 contracts
Sources: Secured Revolving Note (Airnet Communications Corp), Secured Revolving Note (Integrated Security Systems Inc)
Late Payments. The Each Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II III upon conversion of this Note, in the amount equal to $500 200 per business day Business Day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 2 contracts
Sources: Secured Convertible Note (Pacific Cma Inc), Secured Convertible Minimum Borrowing Note (Pacific Cma Inc)
Late Payments. The Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 per business day after the Delivery Date. The Company shall make any payments incurred under this Section in immediately available funds upon demand.
Appears in 2 contracts
Sources: Secured Convertible Term Note (Biodelivery Sciences International Inc), Secured Convertible Term Note (Biodelivery Sciences International Inc)
Late Payments. The Company understands that a delay in the -------------- delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 200 per business day after the Delivery Date. The Company shall make any payments incurred under this Section in immediately available funds upon demand.
Appears in 2 contracts
Sources: Secured Convertible Term Note (New Century Energy Corp.), Secured Convertible Term Note (New Century Energy Corp.)
Late Payments. The Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II III upon conversion of this Note, in the amount equal to $500 150 per business day Business Day after the Delivery Date. The Company shall shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 2 contracts
Sources: Secured Convertible Term Note (Numerex Corp /Pa/), Secured Convertible Term Note (Numerex Corp /Pa/)
Late Payments. The Each Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II III upon conversion of this Note, in the amount equal to $500 150 per business day Business Day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 2 contracts
Sources: Secured Convertible Minimum Borrowing Note (Stonepath Group Inc), Secured Convertible Minimum Borrowing Note (Incentra Solutions, Inc.)
Late Payments. The Company understands Companies understand that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II III upon conversion of this Note, in the amount equal to $500 per business day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 2 contracts
Sources: Convertible Note Agreement (NewMarket Technology Inc), Convertible Note Agreement (NewMarket Technology Inc)
Late Payments. The Each Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II III upon conversion of this Note, in the amount equal to $500 250 per business day Business Day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 2 contracts
Sources: Secured Convertible Note (Airnet Communications Corp), Secured Convertible Note (Integrated Security Systems Inc)
Late Payments. The Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 250 per business day after the Delivery Date. The Company shall make any payments incurred under this Section in immediately available funds upon demand.
Appears in 1 contract
Sources: Secured Convertible Term Note (Earthfirst Technologies Inc)
Late Payments. The Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date III or Article II could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 per business day after the Delivery Date, if being delivered pursuant to this Article III or respective payment date, if being delivered pursuant to Article II. The Company shall make any payments incurred under this Section in immediately available funds upon demand.
Appears in 1 contract
Sources: Convertible Term Note (China Aoxing Pharmaceutical Company, Inc.)
Late Payments. The Each Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 200 per business day Business Day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 1 contract
Late Payments. The Company understands that a delay in the delivery of ------------- the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 per business day after the Delivery Date. The Company shall make any payments incurred under this Section in immediately available funds upon demand.
Appears in 1 contract
Sources: Secured Convertible Term Note (Windswept Environmental Group Inc)
Late Payments. The Company understands Companies understand that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 100 per business day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 1 contract
Sources: Secured Convertible Term Note (Silicon Mountain Holdings, Inc.)
Late Payments. The Company understands Companies understand that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 250 per business day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 1 contract
Sources: Secured Convertible Term Note (ProLink Holdings Corp.)
Late Payments. The Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 400 per business day after the Delivery Date. The Company shall make any payments incurred under this Section in immediately available funds upon demand.
Appears in 1 contract
Sources: Secured Convertible Term Note (Ams Health Sciences Inc)
Late Payments. The Company understands Companies understand that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies jointly and severally agree to pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 per business day after the Delivery Date. The Company Companies shall make any payments incurred under this Section in immediately available funds upon demand.
Appears in 1 contract
Sources: Secured Convertible Term Note (Xstream Beverage Network, Inc.)
Late Payments. The Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II III upon conversion of this Note, in the amount equal to $500 250 per business day Business Day after the Delivery Date. The Company shall make any payments incurred under this Section in immediately available funds upon demand.
Appears in 1 contract
Late Payments. The Each Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 per business day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 1 contract
Late Payments. The Each Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II III upon conversion of this Note, in the amount equal to $500 per business day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 1 contract
Sources: Secured Convertible Term Note (General Environmental Management, Inc)
Late Payments. The Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 250 per business day Business Day after the Delivery Date. The Company shall make any payments incurred under this Section in immediately available funds upon demand.
Appears in 1 contract
Sources: Secured Convertible Revolving Note (Electric City Corp)
Late Payments. The Company understands that a delay in the delivery of ------------- the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II upon conversion of this Note, in the amount equal to $500 200 per business day after the Delivery Date. The Company shall make any payments incurred under this Section in immediately available funds upon demand.
Appears in 1 contract
Sources: Secured Convertible Term Note (New Century Energy Corp.)
Late Payments. The Each Company understands that a delay in the delivery of the Conversion Shares in the form required pursuant to this Article beyond the Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, in addition to all other rights and remedies which the Holder may have under this Note, applicable law or otherwise, the Company shall Companies shall, jointly and severally, pay late payments to the Holder for any late issuance of Conversion Shares in the form required pursuant to this Article II III upon conversion of this Note, in the amount equal to $500 250 per business day Business Day after the Delivery Date. The Company shall Companies shall, jointly and severally, make any payments incurred under this Section in immediately available funds upon demand.
Appears in 1 contract
Sources: Secured Convertible Minimum Borrowing Note (Airnet Communications Corp)