Common use of Non-Payment of Obligations Clause in Contracts

Non-Payment of Obligations. The Company shall default in the payment of the Principal Amount of this Debenture as and when the same shall become due and payable, whether by acceleration or otherwise.

Appears in 7 contracts

Samples: Convertible Security Agreement (Balance Labs, Inc.), Convertible Security Agreement (Wizard World, Inc.), Convertible Security Agreement (Wizard World, Inc.)

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Non-Payment of Obligations. The Company shall default in the payment of the Principal Amount principal or accrued interest of this Debenture Note as and when the same shall become due and payable, whether by acceleration or otherwise.

Appears in 2 contracts

Samples: Senior Secured Grid Note (Enhance Biotech Inc), Senior Secured Grid Note (Enhance Biotech Inc)

Non-Payment of Obligations. The Company shall default in the payment of the Principal Amount and Interest of this Debenture Note as and when the same shall become due and payable, whether by acceleration or otherwise.

Appears in 2 contracts

Samples: Secured Note (New America Energy Corp.), Secured Note (New America Energy Corp.)

Non-Payment of Obligations. The Company shall default in the payment of the Principal Amount of of, or accrued but unpaid interest on, this Debenture as and when the same shall become due and payable, whether by acceleration or otherwise.

Appears in 2 contracts

Samples: Convertible Security Agreement (MamaMancini's Holdings, Inc.), Convertible Security Agreement (Sports Field Holdings, Inc.)

Non-Payment of Obligations. The Company shall default in the payment of the Principal Outstanding Amount of this Debenture as and when the same shall become due and payable, whether by acceleration or otherwise.

Appears in 1 contract

Samples: Convertible Security Agreement (Axxess Pharma Inc.)

Non-Payment of Obligations. The Company shall default in the payment of the Principal Amount of this Debenture Note as and when the same shall become due and payable, whether by acceleration or otherwise.

Appears in 1 contract

Samples: Convertible Security Agreement (Vizconnect, Inc.)

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Non-Payment of Obligations. The Company shall default in the payment of the Principal Amount of of, or accrued but unpaid interest on, this Debenture Note as and when the same shall become due and payable, whether by acceleration or otherwise.

Appears in 1 contract

Samples: Convertible Security Agreement (Kannalife Inc)

Non-Payment of Obligations. The Company shall default in the payment of the Principal Amount of this Debenture Loan and interest at the Applicable Rate as and when the same shall become due and payable, whether by acceleration or otherwise.

Appears in 1 contract

Samples: Convertible Security Agreement (Hardwired Interactive, Inc.)

Non-Payment of Obligations. The Company shall default in the payment of the Principal Amount Principal, Interest, or the Transaction Fee in respect of this Debenture Note, as and when the same shall become due and payable, whether by acceleration or otherwise.

Appears in 1 contract

Samples: Secured Note (Lithium Exploration Group, Inc.)

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