Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay the Outstanding Interest when it comes due or the Outstanding Principal on the Maturity Date and such failure shall continue for a period of thirty (30) days following the date upon which any such payment was due.
Appears in 4 contracts
Sources: Convertible Note Agreement (IIOT-OXYS, Inc.), Convertible Note (IIOT-OXYS, Inc.), Convertible Note (Desert Hawk Gold Corp.)
Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay the Outstanding Principal and any Outstanding Interest when it comes due or the Outstanding Principal on the Maturity Date and such failure shall continue for a period of thirty (30) days following the date upon which any such payment was due.
Appears in 2 contracts
Sources: Convertible Note (Desert Hawk Gold Corp.), Convertible Note (Desert Hawk Gold Corp.)
Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay the Outstanding Interest when it comes due any installment of interest in cash or the Outstanding Principal on the Maturity Date in-kind in accordance herewith and such failure shall continue for a period of thirty (30) days following the date upon which any such payment was due.
Appears in 2 contracts
Sources: Promissory Note (X-Factor Communications Holdings, Inc.), Promissory Note (X-Factor Communications Holdings, Inc.)