Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) per annum shall apply to the amounts owed hereunder.
Appears in 85 contracts
Samples: Secured Convertible Note (Kaire Holdings Inc), Secured Convertible Note (Kaire Holdings Inc), Convertible Note (Kaire Holdings Inc)
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen twenty percent (1520%) per annum shall apply to the amounts owed hereunder.
Appears in 38 contracts
Samples: Convertible Note (Globus Wireless LTD), Convertible Note (Science Dynamics Corp), Convertible Note (Commercial Concepts Inc)
Payment Grace Period. The Borrower shall have a ten five (105) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen twenty percent (1520%) per annum shall apply to the amounts owed hereunder.
Appears in 16 contracts
Samples: Securities Purchase Agreement (Vertex Interactive Inc), Securities Purchase Agreement (Gosun Communications LTD Inc), Convertible Note (Ibiz Technology Corp)
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) 16% per annum shall apply to the amounts owed hereunder.
Appears in 16 contracts
Samples: Convertible Note Agreement (Telepad Corp), Convertible Note (Frederick Brewing Co), Convertible Note (Interiors Inc)
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen ten percent (1510%) per annum shall apply to the amounts owed hereunder.
Appears in 14 contracts
Samples: Convertible Note (China for-Gen Corp.), Note Purchase Agreement (PCS Edventures Com Inc), Subscription Agreement (Mooney Aerospace Group LTD)
Payment Grace Period. The Borrower shall have a ten seven (107) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen five percent (155%) per annum above the then applicable interest rate hereunder shall apply to the amounts owed hereunder.
Appears in 11 contracts
Samples: Convertible Note (Metropolitan Health Networks Inc), Securities Purchase Agreement (Path 1 Network Technologies Inc), Securities Purchase Agreement (Data Systems & Software Inc)
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due and payable under this Note, after which grace period a default interest rate of fifteen percent (15%) % per annum shall apply to the amounts owed hereunder.
Appears in 10 contracts
Samples: Convertible Note (Wealthhound Com Inc), Convertible Note (Wealthhound Com Inc), Convertible Note (Wealthhound Com Inc)
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen eighteen percent (1518%) per annum shall apply to the amounts owed hereunder.
Appears in 9 contracts
Samples: Secured Convertible Note (NCT Group Inc), Secured Convertible Note (NCT Group Inc), Convertible Note (NCT Group Inc)
Payment Grace Period. The Borrower shall have a ten (10) business day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) per annum shall apply to the amounts owed hereunder.
Appears in 7 contracts
Samples: Subscription Agreement (Valcent Products Inc.), Convertible Note (Valcent Products Inc.), Convertible Note (Valcent Products Inc.)
Payment Grace Period. The Borrower shall have a ten (10) business day grace period to pay any monetary amounts due under this Note, after which grace period and during the pendency of an Event of Default (as defined in Article III) a default interest rate of fifteen eighteen percent (1518%) per annum shall apply to the amounts owed hereunder.
Appears in 6 contracts
Samples: Secured Convertible Note (Tasker Products Corp), Senior Secured Convertible Note (Advance Nanotech, Inc.), Senior Secured Convertible Note (Advance Nanotech, Inc.)
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period and during the pendency of any other Event of Default (as defined below) a default interest rate of fifteen percent (15%) per annum shall apply to the amounts owed hereunder.
Appears in 6 contracts
Samples: Secured Convertible Note (Voip Inc), Convertible Note (Voip Inc), Convertible Note (Voip Inc)
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) 20% per annum shall apply to the amounts owed hereunder.
Appears in 5 contracts
Samples: Subscription Agreement (Plus Solutions Inc), Convertible Note (Aethlon Medical Inc), Convertible Note (Ivg Corp)
Payment Grace Period. The Borrower shall have a ten (10) day grace -------------------- period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen twenty percent (1520%) per annum shall apply to the amounts owed hereunder.
Appears in 5 contracts
Samples: Convertible Note (Go Online Networks Corp), Convertible Note (One Voice Technologies Inc), Convertible Note (One Voice Technologies Inc)
Payment Grace Period. The Borrower shall have a ten (10) day grace period -------------------- to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen ten percent (1510%) per annum shall apply to the amounts owed hereunder.
Appears in 4 contracts
Samples: Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/)
Payment Grace Period. The Borrower shall will have a ten twenty (1020) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen the higher of (i) one percent (151%) per annum shall month or (ii) the maximum amount allowed by law will apply to the amounts owed past due hereunder.
Appears in 4 contracts
Samples: Merger Agreement (Sys), Convertible Note (Sys), Subscription Agreement (Sys)
Payment Grace Period. The Borrower shall have a ten (10) day grace ---------------------- period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) per annum shall apply to the amounts owed hereunder.
Appears in 4 contracts
Samples: Convertible Note (Imaging Technologies Corp/Ca), Convertible Note (Imaging Technologies Corp/Ca), Convertible Note (Imaging Technologies Corp/Ca)
Payment Grace Period. The Borrower shall have a ten (10) day --------------------- grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) 20% per annum shall apply to the amounts owed hereunder.
Appears in 3 contracts
Samples: Convertible Note (Global Telemedia International Inc), Convertible Note (Global Telemedia International Inc), Convertible Note (Global Telemedia International Inc)
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) 18% per annum shall apply to the amounts owed hereunder.
Appears in 3 contracts
Samples: Convertible Note (Tech Laboratories Inc), Convertible Note (Cambio Inc), Convertible Note (Osage Systems Group Inc)
Payment Grace Period. The Borrower shall have a ten twelve (1012) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) 18% per annum shall apply to the amounts owed hereunder.
Appears in 2 contracts
Samples: Convertible Note (Tirex Corp), Convertible Note (Tirex Corp)
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (1515.0%) percent per annum shall apply to the amounts owed hereunderhereunder calculated from the date of the making of this Note. In no event shall the rate of interest calculated hereunder exceed the maximum amount allowed by law and automatically shall be reduced to such maximum amount.
Appears in 2 contracts
Samples: Subscription Agreement (Lexington Energyservices Inc.), Convertible Note (Nuvim Inc)
Payment Grace Period. The Borrower shall have a ten (10) day grace -------------------- period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen ten percent (1510%) per annum shall apply to the amounts owed hereunder.
Appears in 2 contracts
Samples: Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/)
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent twenty-five (1525.0%) percent per annum shall apply to the amounts owed hereunderhereunder calculated from the date of the default. In no event shall the rate of interest calculated hereunder exceed the maximum amount allowed by law and automatically shall be reduced to such maximum amount.
Appears in 2 contracts
Samples: Royalty Agreement (Medstrong International Corp), Royalty Agreement (Medstrong International Corp)
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen five percent (155%) per annum above the then applicable interest rate hereunder shall apply to the amounts owed hereunder.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Infinite Group Inc), Securities Purchase Agreement (Infinite Group Inc)
Payment Grace Period. The Borrower shall have a ten (10) business day grace period to pay any monetary amounts due under this Note, after which grace period and during the pendency of an Event of Default (as defined in Article III) a default interest rate of fifteen twelve percent (1512%) per annum shall apply to the amounts owed hereunder.
Appears in 2 contracts
Samples: Convertible Note (Omnimmune Holdings, Inc.), Convertible Note (CepTor CORP)
Payment Grace Period. The Borrower shall have a ten (10) day -------------------- grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen twenty percent (1520%) per annum shall apply to the amounts owed hereunder.
Appears in 2 contracts
Samples: Convertible Note (One Voice Technologies Inc), Convertible Note (Endovasc LTD Inc)
Payment Grace Period. The Borrower shall have a ten thirty (1030) day ---------------------- grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen twelve percent (1512%) per annum shall apply to the amounts owed hereunder.
Appears in 1 contract
Payment Grace Period. The Borrower shall have a ten (10) -------------------- day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen twenty percent (1520%) per annum shall apply to the amounts owed hereunder.
Appears in 1 contract
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen five percent (155%) per annum shall apply to the amounts owed hereunder.
Appears in 1 contract
Samples: Convertible Note (Villageedocs Inc)
Payment Grace Period. The Borrower shall have a ten seven (107) day ---------------------- grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen five percent (155%) per annum above the then applicable interest rate hereunder shall apply to the amounts owed hereunder.
Appears in 1 contract
Samples: Convertible Note (Global Sports & Entertainment Inc/)
Payment Grace Period. The Borrower shall have a ten (10) --------------------- business day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) per annum shall apply to the amounts owed hereunder.
Appears in 1 contract
Payment Grace Period. The Borrower shall have a ten (10) calendar day grace period to pay any monetary amounts due under this Note, after which . Unless this Note specifically requires prior notice or demand for a payment no notice will be required to be given and the grace period a default interest rate of fifteen percent (15%) per annum shall apply to commence from the amounts owed hereunderdate such monetary payment is due.
Appears in 1 contract
Samples: Convertible Security Agreement (Ironwood Gold Corp.)
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period and during the pendency of any other Event of Default (as defined below) a default interest rate of fifteen percent (1513%) per annum shall apply to the amounts owed hereunder.
Appears in 1 contract
Samples: Convertible Note (Voip Inc)
Payment Grace Period. The Borrower shall have a ten (10) business day grace period to pay any monetary amounts due under this Note, after which grace period and during the pendency of an Event of Default (as defined in Article III) a default interest rate of fifteen three percent (153%) per annum month above the rate otherwise applicable under this Note shall apply to the amounts owed hereunder.
Appears in 1 contract
Payment Grace Period. The Borrower shall have a ten (10) business day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen eighteen percent (1518%) per annum shall apply to the amounts owed hereunder.
Appears in 1 contract
Samples: Note (Attitude Drinks Inc.)
Payment Grace Period. The Except for monetary amounts due on the Maturity Date, accelerated or otherwise, the Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) 16% per annum shall apply to the amounts owed hereunder.
Appears in 1 contract
Samples: Secured Convertible Note (Antra Holdings Group Inc)
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (1515.0%) percent per annum shall apply to the amounts owed hereunderhereunder calculated from the date of the default. In no event shall the rate of interest calculated hereunder exceed the maximum amount allowed by law and automatically shall be reduced to such maximum amount.
Appears in 1 contract
Payment Grace Period. The Borrower shall have a ten fifteen (1015) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) 20% per annum shall apply to the amounts owed hereunder.
Appears in 1 contract
Payment Grace Period. The Borrower shall have a ten (10) day grace period of 10 days to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) per annum shall apply to the amounts owed hereunder.
Appears in 1 contract
Payment Grace Period. The Borrower shall have a ten twelve (1012) business day grace period to pay any monetary amounts due under this Note, after which grace period and during the pendency of an Event of Default (as defined in Article III) a default interest rate of fifteen twelve percent (1512%) per annum shall apply to the amounts owed hereunder.
Appears in 1 contract
Samples: Convertible Note (Ever-Glory International Group, Inc.)
Payment Grace Period. The Borrower shall have a ten (10) business day grace period to pay any monetary amounts due under this Note, after which grace period a default interest at the stated rate of fifteen percent (15%) pursuant in item 1.3 below per annum shall apply continue to accrue until the amounts owed hereunderhereunder are repaid.
Appears in 1 contract
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) per annum shall apply to the amounts owed hereunderhereunder from the date of the expiration of the ten (10) day grace period until such default is cured by payment of all amounts then past due, provided that from and after the date of cure of the default, the annual rate specified in Section 1.3 again shall be applied.
Appears in 1 contract
Samples: Convertible Note (Hypertension Diagnostics Inc /Mn)
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) per annum shall apply to the amounts owed hereunderprincipal amount owing on the Note.
Appears in 1 contract
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen five percent (155%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts owed hereunderdue.
Appears in 1 contract
Samples: Securities Purchase Agreement (Digital Fusion Inc/Nj/)
Payment Grace Period. The Borrower shall have a ten (10) day -------------------- grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) 20% per annum shall apply to the amounts owed hereunder.
Appears in 1 contract
Payment Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due and payable under this Note, after which grace period a default interest rate of fifteen percent (15%) 50% per annum shall apply to the amounts owed hereunder.
Appears in 1 contract
Samples: Convertible Note Agreement (Global Industrial Services Inc)
Payment Grace Period. The Borrower shall have a ten (10) -------------------- business day grace period to pay any monetary amounts due under this Note, after which grace period a default interest rate of fifteen percent (15%) per annum shall apply to the amounts owed hereunder.
Appears in 1 contract
Samples: Convertible Note (Amnis Systems Inc)
