Common use of Payment of Principal Clause in Contracts

Payment of Principal. The "Maturity Date" shall be March 1, 2022, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Odyssey Health, Inc.), Securities Purchase Agreement (Odyssey Group International, Inc.)

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Payment of Principal. The "Maturity Date" shall be March 1[ ], 20222021, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 2 contracts

Samples: Convertible Note (MassRoots, Inc.), Convertible Note (MassRoots, Inc.)

Payment of Principal. The "Maturity Date" shall be March 1December 15, 20222020, as and may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 2 contracts

Samples: Convertible Note (Electromedical Technologies, Inc), Convertible Note (Electromedical Technologies, Inc)

Payment of Principal. The "Maturity Date" shall be March 1November 29, 20222017, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Convertible Note (Progreen US, Inc.)

Payment of Principal. The "Maturity Date" shall be March 1September 17, 20222020, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Convertible Note (MassRoots, Inc.)

Payment of Principal. The "Maturity Date" shall be March 1May 10, 2022, 2022 as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Convertible Note (Home Bistro, Inc. /NV/)

Payment of Principal. The "Maturity Date" shall be March 1May 13, 20222020, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Convertible Note (MassRoots, Inc.)

Payment of Principal. The "Maturity Date" shall be March February 1, 20222021, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Convertible Note (Home Bistro, Inc. /NV/)

Payment of Principal. The "Maturity Date" shall be March 1April 19, 20222018, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Replacement Convertible Note (MMEX Resources Corp)

Payment of Principal. The "Maturity Date" shall be March 1July 7, 20222020, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Convertible Note (MassRoots, Inc.)

Payment of Principal. The "Maturity Date" shall be March 1June 6, 20222020, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Convertible Note (MassRoots, Inc.)

Payment of Principal. The "Maturity Date" shall be March 1October 16, 20222018, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Convertible Note (Biolargo, Inc.)

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Payment of Principal. The "Maturity Date" shall be March 130, 2022, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Convertible Note (Home Bistro, Inc. /NV/)

Payment of Principal. The "Maturity Date" shall be March 1December 15, 20222020, as and may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Convertible Note (Electromedical Technologies, Inc)

Payment of Principal. The "Maturity Date" shall be March 1September 14, 20222018, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Convertible Note (Biolargo, Inc.)

Payment of Principal. The "Maturity Date" shall be March 1February 5th, 2022, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Securities Purchase Agreement (Odyssey Group International, Inc.)

Payment of Principal. The "Maturity Date" shall be March 1September 5, 20222020, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Convertible Note (MassRoots, Inc.)

Payment of Principal. The "Maturity Date" shall be March 1October 17, 20222020, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

Samples: Convertible Note (MassRoots, Inc.)

Payment of Principal. The "Maturity Date" shall be March September 1, 20222014, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

Appears in 1 contract

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

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