Failure to Pay Principal or Interest. The Company fails to pay any installment of principal, interest or other sum due under this Note within ten days after the same becomes due, including without limitation the failure to pay due to the existence of a Blockage Event.
Appears in 11 contracts
Sources: Subscription Agreement (Air Industries Group), Subscription Agreement (Air Industries Group), Subscription Agreement (Air Industries Group)
Failure to Pay Principal or Interest. The Company fails to pay any installment of principal, interest or other sum due under this Note within ten days after the same becomes due, including without limitation the failure to pay due to the existence of a Blockage Event.
Appears in 3 contracts
Sources: Convertible Note (Usa Equities Corp.), Convertible Note Agreement (Air Industries Group), Subordinated Convertible Note (Air Industries Group)