Common use of Exchange of Notes Clause in Contracts

Exchange of Notes. At any time, at its expense upon written request of the holder of a Note and surrender of the Note for such purpose, issue new Notes in exchange therefor in such denominations of at least $1,000,000 (or such smaller amount equal to the then outstanding principal amount of such Note) as shall be specified by the holder of such Note, in an aggregate principal amount equal to the then unpaid principal amount of the Note surrendered and substantially in the form of Exhibit A, with appropriate insertions and variations, and bearing interest from the date to which interest has been paid on the Note surrendered.

Appears in 3 contracts

Samples: Note Purchase Agreement (Horizon Telcom Inc), Note Purchase Agreement (Horizon Telecom Inc), Note Purchase Agreement (Horizon Telcom Inc)

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Exchange of Notes. At The Company shall at any time, at its expense upon written request of the holder Holder of a Note and surrender of the Note for such purpose, at the expense of the Company, issue new Notes in exchange therefor in such denominations of at least $1,000,000 (or such smaller amount equal to the then outstanding principal amount of such Note) 100,000, as shall be specified by the holder Holder of such Note, in an aggregate principal amount equal to the then unpaid principal amount of the Note or Notes surrendered and substantially in the form of Exhibit A, B with appropriate insertions and variations, and bearing interest from the date to which interest has been paid on the Note surrendered.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (CommunitySouth Financial CORP), Subordinated Note and Securities Purchase Agreement (Security Bank Corp)

Exchange of Notes. At The Company shall at any time, at its expense upon written request of the holder Holder of a Note and surrender of the Note for such purpose, at the expense of the Company, issue new Notes in exchange therefor in such denominations of at least $1,000,000 (or such smaller amount equal to the then outstanding principal amount of such Note) 25,000, as shall be specified by the holder Holder of such Note, in an aggregate principal amount equal to the then unpaid principal amount of the Note or Notes surrendered and substantially in the form of Exhibit A, B with appropriate insertions and variations, and bearing interest from the date to which interest has been paid on the Note surrendered.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (HCSB Financial Corp)

Exchange of Notes. At any time, at its expense upon expense, at your written request of the holder and upon surrender of a Note and surrender of the Note for such purpose, issue a new Note or Notes in exchange therefor in such denominations of at least $1,000,000 (or such smaller amount equal to the then outstanding principal amount of such Note) 100,000 as shall be specified by the holder of such Notethe Note surrendered, in an aggregate principal amount equal to the then unpaid principal amount of the Note surrendered and substantially in the form of Exhibit A, A with appropriate insertions and variations, and bearing interest from the date to which interest has been paid on the Note surrendered.

Appears in 1 contract

Samples: Note Purchase Agreement (Michael Anthony Jewelers Inc)

Exchange of Notes. At The Company shall at any time, at its expense upon written request of the holder Holder of a Note and surrender of the Note for such purpose, at the expense of the Company, issue new Notes in exchange therefor in such denominations of at least $1,000,000 (or such smaller amount equal to the then outstanding principal amount of such Note) 10,000, as shall be specified by the holder Holder of such Note, in an aggregate principal amount equal to the then unpaid principal amount of the Note or Notes surrendered and substantially in the form of Exhibit A, B with appropriate insertions and variations, and bearing interest from the date to which interest has been paid on the Note surrendered.

Appears in 1 contract

Samples: Subordinated Note and Warrant Purchase Agreement (First Community Corp /Sc/)

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Exchange of Notes. At any time, at its expense upon written request of the holder of a Note and surrender of the Note for such purpose, issue new Notes in exchange therefor in such denominations of at least $1,000,000 (or such smaller amount equal to the then outstanding principal amount of such Note) 250,000 as shall be specified by the holder of such Note, in an aggregate principal amount equal to the then unpaid principal amount of the Note surrendered and substantially in the form of Exhibit A, with appropriate insertions and variations, and bearing interest from the date to which interest has been paid on the Note surrendered. The Company will not charge the holders of the Notes for any costs or expenses incurred by the Company in connection with the issuance of any new Notes.

Appears in 1 contract

Samples: Note Purchase Agreement (Sheldahl Inc)

Exchange of Notes. At any time, at its expense upon at your written request of the holder of a Note and upon surrender of the any Note or Notes for such purpose, issue new Notes in exchange therefor in such denominations of at least $1,000,000 (or such smaller amount equal to the then outstanding principal amount of such Note) 500,000 as shall be specified by the holder of such Noteyou, in an aggregate principal amount equal to the then unpaid principal amount of the Note or Notes surrendered and substantially in the form of Exhibit A, A hereto with appropriate insertions and variations, and bearing interest from the date to which interest has been paid on the Note or Notes surrendered.

Appears in 1 contract

Samples: Note Purchase Agreement (Valley Forge Corp)

Exchange of Notes. At any time, at its expense upon written request of the holder of a Note and surrender of the Note for such purpose, issue new Notes in exchange therefor in such denominations of at least $1,000,000 (or such smaller amount equal to the then outstanding principal amount of such Note) as shall be specified by the holder of such Note, in an aggregate principal amount equal to the then unpaid principal amount of the Note surrendered and substantially in the form of Exhibit A, with appropriate insertions and variations, and bearing interest from the date to which interest has been paid on the Note surrendered.

Appears in 1 contract

Samples: Note Purchase Agreement (Horizon Telecom Inc)

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