Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, interest or other fees hereon or on any other Note issued pursuant to the Security Agreement, when due in accordance with the terms of such Note, provided, however, that the Company shall have five (5) business days to cure any such payment default.
Appears in 2 contracts
Sources: Secured Convertible Minimum Borrowing Note (Artemis International Solutions Corp), Secured Revolving Note (Artemis International Solutions Corp)
Failure to Pay Principal, Interest or other Fees. The Borrower fails to pay when due any installment of principal, interest or other fees hereon or on any other Note promissory note issued pursuant to the Security Agreement, when due in accordance with the terms of such Notedue, provided, provided however, that the Company shall have five (5) business days to cure any such payment default.
Appears in 1 contract
Sources: Secured Convertible Note (Artemis International Solutions Corp)