Common use of Failure to Pay Amounts When Due Clause in Contracts

Failure to Pay Amounts When Due. Should the Company fail to make any interest payment within ten (10) days of the day that it is due, or fail to repay any portion of the principal amount of the Note upon its maturity;

Appears in 1 contract

Sources: Bridge Loan Agreement (First Responder Systems & Technology Inc.)

Failure to Pay Amounts When Due. Should the Company fail to make any interest payment within ten (10) days of the day that it is due, or fail to repay any portion of the principal amount of the Note upon its maturity;.

Appears in 1 contract

Sources: Note Purchase Agreement (Md Technologies Inc)