Common use of Exchange and Registration of Transfer of Notes Clause in Contracts

Exchange and Registration of Transfer of Notes. The Holder may, at its option, surrender this Note at the office of the Issuer and receive in exchange therefor a Note or Notes, each in the denomination of $10,000.00 or an integral multiple of $10,000.00 in excess thereof, dated as of the date of this Note, and, subject to Section 4.1, payable to such Person, or order, as may be designated by such Holder. The aggregate principal amount of such Note or Notes exchanged in accordance with this Section 2.1 shall equal the aggregate unpaid principal amount of this Note as of the date of such surrender; provided, however, that upon such exchange there shall be filed with the Issuer the name and address for all purposes hereof of the Holder or Holders of the Note or Notes delivered in such exchange. This Note, when presented for registration of transfer or for exchange, conversion or payment, shall (if so required by the Issuer) be duly endorsed by, or be accompanied by a written instrument of transfer in form reasonably satisfactory to the Issuer duly executed by, the Holder or its attorney duly authorized in writing.

Appears in 2 contracts

Samples: Securities Purchase Agreement (CSL Lighting Manufacturing Inc), Securities Purchase Agreement (CSL Lighting Manufacturing Inc)

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Exchange and Registration of Transfer of Notes. The Subject to Section 4.2, the Holder may, at its option, surrender this Note at the office of the Issuer Company and receive in exchange therefor a Note or Notes, each in the minimum denomination of $10,000.00 1,000 or an integral multiple of $10,000.00 1,000 in excess thereof, dated as of the date of this Note, and, subject to Section 4.1, and payable to such Person, or order, as may be designated by such Holder. The aggregate principal amount of such Note or Notes exchanged in accordance with this Section 2.1 shall equal the aggregate unpaid principal amount of this Note as of the date of such surrender; provided, however, that upon such exchange there shall be filed with the Issuer Company the name and address for all purposes hereof of the Holder or Holders of the Note or Notes delivered in such exchange. This Note, when presented for registration of transfer or for exchange, conversion or payment, shall (if so required by the IssuerCompany) be duly endorsed by, or be accompanied by a written instrument of transfer in form reasonably satisfactory to the Issuer Company duly executed by, the Holder or its attorney duly authorized in writing.

Appears in 2 contracts

Samples: Robotic Vision Systems Inc, Robotic Vision Systems Inc

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