Common use of Failure to Pay Principal or Interest Clause in Contracts

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal, Interest or other sum due under this Note when due.

Appears in 47 contracts

Sources: Convertible Debenture (Caro Holdings Inc.), Consulting Agreement (Elite Data Services, Inc.), Convertible Debenture (Elite Data Services, Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principalprincipal, Interest interest or other sum due under this Note when due.

Appears in 25 contracts

Sources: Loan Agreement (Cellteck Inc.), Second Consolidated Amendment Agreement (Cellteck Inc.), Consolidated Amendment Agreement (Cellteck Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal, Interest principal or other sum interest due under this Note when due, including any applicable grace period.

Appears in 7 contracts

Sources: Loan Agreement (Eos Petro, Inc.), Lowcal Agreements (Cellteck Inc.), Series B Convertible Preferred Stock Purchase Agreement (Cellteck Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principalprincipal, Interest interest or other sum due under this Note when due.

Appears in 6 contracts

Sources: Subscription Agreement (Options Media Group Holdings, Inc.), Secured Note (Wizzard Software Corp /Co), Secured Note (Options Media Group Holdings, Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal, Interest or other sum due under this Note when duedue and payable.

Appears in 5 contracts

Sources: Convertible Debenture (Thinspace Technology, Inc.), Convertible Note (Thinspace Technology, Inc.), Convertible Note (Thinspace Technology, Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay does not pay, repay or prepay any installment principal of Principal, Interest or other sum due under this interest on any Note when due.

Appears in 4 contracts

Sources: Revolving Credit Agreement (Southern Union Co), Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal, Interest or other sum due under this Note Debenture when duedue and payable.

Appears in 4 contracts

Sources: Convertible Debenture (Thinspace Technology, Inc.), Convertible Debenture (Thinspace Technology, Inc.), Convertible Debenture (Thinspace Technology, Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principal, Interest or other sum due under this Note when due.

Appears in 2 contracts

Sources: Convertible Debenture (Qrons Inc.), Convertible Debenture (Biolabmart Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principalprincipal, Interest interest or other sum due under this Note when due, including any applicable grace period.

Appears in 1 contract

Sources: Loan Agreement (Cellteck Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principalprincipal, Interest interest, the loan fee or other sum due under this Note when due, including any applicable grace period.

Appears in 1 contract

Sources: Oil & Gas Services Agreement, Warrant to Purchase Common Stock, Loan Agreement and Secured Promissory Note, Leasehold Mortgage, Assignment, Security Agreement and Fixture Filing (Cellteck Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay principal and interest or any installment of Principal, Interest or other sum due under this Note as and when duethe same becomes due and payable.

Appears in 1 contract

Sources: Promissory Note (Guardion Health Sciences, Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principalprincipal, Interest interest or other sum due under this Note Debenture when due.

Appears in 1 contract

Sources: Securities Purchase Agreement (InspireMD, Inc.)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of Principalprincipal, Interest interest or other sum due under this Note when due.due and such failure continues for a period of ten

Appears in 1 contract

Sources: Convertible Note (Visual Management Systems Inc)

Failure to Pay Principal or Interest. The Borrower fails to pay any installment of PrincipalPrincipal Amount, Interest interest or other sum due under this Note or any Transaction Document when due.

Appears in 1 contract

Sources: Subscription Agreement (Aethlon Medical Inc)