Timely Payment. If a monthly installment payment is more than five days late, a penalty for any Investor late payment will be $1,000 per day, provided the Company is current in its financial filing obligations. Failure to pay within 10 days of the monthly due date (30th of each month) will make all outstanding installment payments due immediately, provided the company is current in its financial filing obligations.
Appears in 4 contracts
Samples: Convertible Promissory Note and Warrant Purchase Agreement (VG Life Sciences Inc.), Convertible Promissory Note and Warrant Purchase Agreement (VG Life Sciences Inc.), Convertible Promissory Note and Warrant Purchase Agreement (VG Life Sciences, Inc.)
Timely Payment. If a monthly installment payment is more than five days late, a penalty for any Investor late payment will be $1,000 per day, provided the Company is current in its financial filing obligations. Failure to pay within 10 days of the monthly due date (30th 301 of each month) will make all outstanding installment payments due immediately, provided the company is current in its financial filing obligations.
Appears in 1 contract
Samples: Convertible Promissory Note and Warrant Purchase Agreement (VG Life Sciences, Inc.)
