Common use of Principal or Interest Clause in Contracts

Principal or Interest. (a) Any default in the payment of any --------------------- part of the interest of this Note shall occur and such default shall be continuing uncured or unwaived for 30 days after the Noteholder has given the Company written notice thereof or (b) the Company's failure to observe any covenant or other provision contained in this Note or the Agreement and such failure of observation shall be continuing uncured or unwaived for 30 days after the Noteholder has given the Company written notice thereof;

Principal or Interest. (a) Any default in the payment of any --------------------- part of the interest of this Note shall occur and such default shall be continuing uncured or unwaived unwaive for 30 days after the Noteholder has given the Company written notice thereof or (b) the Company's ’s failure to observe any covenant or other provision contained in this Note or the Agreement and such failure of observation shall be continuing uncured or unwaived for 30 days after the Noteholder has given the Company written notice thereof;