Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 13 contracts
Samples: Security Agreement (Electric City Corp), Convertible Term Note (Electric City Corp), Secured Convertible Revolving Note (Electric City Corp)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related Document, after which grace period a default interest rate of five two percent (52%) per annum above the then applicable interest rate hereunder month shall apply to the monetary amounts duedue hereunder.
Appears in 9 contracts
Samples: Secured Convertible Term Note (Paincare Holdings Inc), Secured Convertible Term Note (Paincare Holdings Inc), Secured Convertible Term Note (Paincare Holdings Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentAgreement, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 5 contracts
Samples: Securities Purchase Agreement (Nestor Inc), Convertible Note (Nestor Inc), Secured Term Note (Nestor Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related Document, after which grace period a the default interest rate Contract Rate set forth in the first paragraph of five percent (5%) per annum above the then applicable interest rate hereunder Article IV hereof shall apply to the monetary amounts due.
Appears in 3 contracts
Samples: Convertible Term Note (Tidel Technologies Inc), Convertible Term Note (Tidel Technologies Inc), Convertible Term Note (Tidel Technologies Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder Default Rate shall apply to the monetary amounts due.
Appears in 3 contracts
Samples: Secured Convertible Note (Transgenomic Inc), Secured Convertible Minimum Borrowing Note (Transgenomic Inc), Secured Revolving Note (Transgenomic Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate Interest Rate hereunder shall apply to the monetary amounts due.. DEFAULT RELATED PROVISIONS
Appears in 3 contracts
Samples: Secured Convertible Term Note (Dyntek Inc), Secured Convertible Term Note (Dyntek Inc), Secured Convertible Term Note (Dyntek Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 3 contracts
Samples: Secured Revolving Note (Inyx Inc), Secured Revolving Note (Micro Component Technology Inc), Convertible Note (Ventures National Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts dueNote.
Appears in 3 contracts
Samples: Secured Note (Force Protection Inc), Secured Convertible Note (DSL Net Inc), Secured Convertible Minimum Borrowing Note (DSL Net Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentNote, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 2 contracts
Samples: Convertible Note (Nestor Inc), Convertible Note (Nestor Inc)
Payment Grace Period. The Borrower shall have a three (3) business day Business Day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Bam Entertainment Inc), Secured Convertible Term Note (Bam Entertainment Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related DocumentAncillary Agreements, after which grace period a default interest rate of five two and one half percent (52.5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 2 contracts
Samples: Secured Convertible Note (Veridium Corp), Secured Convertible Minimum Borrowing Note (Veridium Corp)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts dueAncillary Agreement.
Appears in 2 contracts
Samples: Secured Revolving Note (Global Payment Technologies Inc), Secured Revolving Note (Greenman Technologies Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentNote, after which grace period a default interest rate of five fifteen percent (515%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts dueowed hereunder.
Appears in 2 contracts
Samples: Secured Note (General Components, Inc.), Secured Note (Celtron International Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentNote, after which grace period a default interest rate of five eighteen percent (518%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts dueowed hereunder.
Appears in 2 contracts
Samples: Convertible Note (Advanced Optics Electronics Inc), Convertible Note (Advanced Optics Electronics Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentNote, after which grace period a default interest rate of five fifteen percent (515%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts dueowed hereunder.
Appears in 2 contracts
Samples: Promissory Note (Cord Blood America, Inc.), Promissory Note (Cord Blood America, Inc.)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related DocumentAncillary Agreements, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 2 contracts
Samples: Secured Convertible Note (Home Solutions of America Inc), Note Agreement (Ventures National Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related DocumentAncillary Agreements, after which grace period a default interest rate of five ten percent (510%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts due.
Appears in 2 contracts
Samples: Secured Convertible Minimum Borrowing Note (Global Payment Technologies Inc), Secured Convertible Minimum Borrowing Note (Greenman Technologies Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentAgreement, after which grace period a default interest rate of five ten percent (510%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts duedue hereunder until such Event of Default is cured.
Appears in 1 contract
Samples: Secured Convertible Term Note (Global Payment Technologies Inc)
Payment Grace Period. The Borrower Borrowers shall have a three (3) ---------------------- business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related Document, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts duedue until such amounts are paid.
Appears in 1 contract
Samples: Secured Revolving Note (Elinear Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentNote, after which grace period a default interest rate of five percent (5%) 18% per annum above the then applicable interest rate hereunder shall apply to the monetary amounts dueowed hereunder.
Appears in 1 contract
Samples: Convertible Note Purchase Agreement (Advanced Optics Electronics Inc)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related Document, after which grace period a default interest rate of five two percent (52%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts duedue hereunder.
Appears in 1 contract
Samples: Secured Convertible Term Note (United Energy Corp /Nv/)
Payment Grace Period. The Borrower shall have a three (3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentAgreement, after which grace period a default interest rate of five two percent (52%) per annum above the then applicable interest rate hereunder month shall apply to the monetary amounts duedue hereunder.
Appears in 1 contract
Payment Grace Period. The Borrower Borrowers shall have a three (3) ---------------------- business day grace period to pay any monetary amounts due under this Note or the Purchase Security Agreement or any Related DocumentAncillary Agreements, after which grace period a default interest rate of five percent (5%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts duedue until such amounts are paid.
Appears in 1 contract
Samples: Secured Convertible Minimum Borrowing Note (Elinear Inc)
Payment Grace Period. The Borrower shall have a three (3three(3) business day grace period to pay any monetary amounts due under this Note or the Purchase Agreement or any Related DocumentNote, after which grace period and during the pendency of any other Event of Default (as defined below) a default interest rate of five fifteen percent (515%) per annum above the then applicable interest rate hereunder shall apply to the monetary amounts dueowed hereunder.
Appears in 1 contract
