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Common use of Cancellation of Promissory Note Clause in Contracts

Cancellation of Promissory Note. Upon Investor’s payment in full of the Purchase Price at the Closing, the Promissory Note shall be cancelled and the original thereof shall be returned to Investor.

Appears in 3 contracts

Sources: Series a Preferred Stock Purchase Agreement (American Patriot Financial Group, Inc.), Series a Preferred Stock Purchase Agreement (American Patriot Financial Group, Inc.), Series a Preferred Stock Purchase Agreement (American Patriot Financial Group, Inc.)

Related Clauses

  • Replacement of Note
  • MODIFICATION OF NOTE
  • Execution of Agreement; Notes
  • Authorization of Receipt of Funds by the Trustee Under the Security Documents
  • Incorporation of Prior Agreements; Modifications

Parent Clauses

  • Miscellaneous Provisions
  • Electronic Execution
  • Miscellaneous
  • Closing
  • Disclosure

Sub-Clauses

  • Initial Term, Primary Term and Renewal Term(s)
  • Initial Term
  • Renewal Term(s)
  • Confirmation of Dates
  • Default by Franchisee
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