Common use of No Payment of Interest Clause in Contracts

No Payment of Interest. This Debenture was issued for an Original Issue Discount. No interest payments shall be due and payable to the Holder hereunder.

Appears in 5 contracts

Sources: Convertible Security Agreement (Us Dataworks Inc), Convertible Security Agreement (Fellows Energy LTD), Convertible Security Agreement (Fellows Energy LTD)

No Payment of Interest. This Debenture Note was issued for an Original Issue Discount. No interest payments shall be due and payable to the Holder hereunder.

Appears in 2 contracts

Sources: Convertible Security Agreement (DOC.COM Inc.), Convertible Security Agreement (Synthetic Blood International Inc)

No Payment of Interest. This Debenture was issued for an Original Issue Discount. No interest payments shall be due and payable to the Holder hereunderthereunder.

Appears in 1 contract

Sources: Convertible Security Agreement (Id-Confirm, Inc.)