Common use of Issuance of New Note Clause in Contracts

Issuance of New Note. Upon any partial redemption of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies to the Holder for the principal balance of this Note and interest which shall not have been paid as of such date. Subject to the provisions of Article III of this Note, the Companies shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 7 contracts

Samples: Secured Term Note (Thomas Equipment, Inc.), Secured Term Note (Thomas Equipment, Inc.), Secured Term Note (True North Energy CORP)

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Issuance of New Note. Upon any partial redemption of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies to the Holder for the principal balance of this Note and interest which shall not have been paid as of such datepaid. Subject to the provisions of Article III II of this Note, the Companies shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 6 contracts

Samples: Secured Revolving Note (Spacedev Inc), Secured Revolving Note (Spacedev Inc), Elandia International Inc.

Issuance of New Note. Upon any partial redemption of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies Company to the Holder for the principal balance of this Note and interest which shall not have been paid as of such date. Subject to the provisions of Article III of this Note, the Companies Company shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Modtech Holdings Inc), Participating Term Note (Thomas Equipment, Inc.), Digital Angel Corp

Issuance of New Note. Upon any partial redemption payment of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies Company to the Holder for the principal balance of this Note and interest which shall not have been paid as of such datepaid. Subject to the provisions of Article III IV of this Note, the Companies Company shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 3 contracts

Samples: Secured Term Note (Naturade Inc), Secured Term Note (Datalogic International Inc), Datalogic International Inc

Issuance of New Note. Upon any partial redemption loss or destruction of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies Company to the Holder for the principal balance of this Note and interest which shall not have been paid as of such datepaid. Subject to the provisions of Article III of this Note, the Companies The Company shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 2 contracts

Samples: Implant Sciences Corp, Implant Sciences Corp

Issuance of New Note. Upon any partial redemption of this -------------------- Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies Company to the Holder for the principal balance of this Note and interest which shall not have been paid as of such dateconverted or paid. Subject to the provisions of Article III of this Note, the Companies Company shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 1 contract

Samples: Secured Term (Elec Communications Corp)

Issuance of New Note. Upon any partial redemption conversion of this Note, a -------------------- new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies Company to the Holder for the principal balance of this Note and interest which shall not have been paid as of such dateconverted or paid. Subject to the provisions of Article III IV of this Note, the Companies Company shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 1 contract

Samples: New Century Energy Corp.

Issuance of New Note. Upon any partial redemption conversion of this Note, a new -------------------- Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies Company to the Holder for the principal balance of this Note and interest which shall not have been paid as of such dateconverted or paid. Subject to the provisions of Article III IV of this Note, the Companies Company shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 1 contract

Samples: Windswept Environmental Group Inc

Issuance of New Note. Upon any partial redemption of this Note, a new ---------------------- Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies to the Holder for the principal balance of this Note and interest which shall not have been paid as of such datepaid. Subject to the provisions of Article III II of this Note, the Companies shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 1 contract

Samples: Secured Revolving Note (Trinity Learning Corp)

Issuance of New Note. Upon any partial redemption of this Note, a new ---------------------- Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies to the Holder for the principal balance of this Note and interest which shall not have been paid as of such date. Subject to the provisions of Article III of this Note, the Companies shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 1 contract

Samples: Secured Term (Trinity Learning Corp)

Issuance of New Note. Upon any partial redemption of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies Company to the Holder for the principal balance of this Note and interest which shall not have been paid as of such dateconverted or paid. Subject to the provisions of Article III of this Note, the Companies Company shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 1 contract

Samples: Thinkpath Inc

Issuance of New Note. Upon any partial redemption conversion of this Note, ---------------------- a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies Company to the Holder for the principal balance of this Note and interest which shall not have been paid as of such dateconverted or paid. Subject to the provisions of Article III IV of this Note, the Companies Company shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 1 contract

Samples: New Century Energy Corp.

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Issuance of New Note. Upon any partial redemption conversion of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies each Company to the Holder for the principal balance of this Note and interest which shall not have been paid as of such dateconverted or paid. Subject to the provisions of Article III IV of this Note, the Companies Company shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 1 contract

Samples: 360 Global Wine Co

Issuance of New Note. Upon any partial redemption prepayment of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies to the Holder for the principal balance of this Note and interest which shall not have been paid as of such dateconverted or paid. Subject to the provisions of Article III of this Note, the Companies shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 1 contract

Samples: Secured Term Note (Hesperia Holding Inc)

Issuance of New Note. Upon any partial redemption conversion of this Note, a new --------------------- Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies Company to the Holder for the principal balance of this Note and interest which shall not have been paid as of such dateconverted or paid. Subject to the provisions of Article III IV of this Note, the Companies Company shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 1 contract

Samples: New Century Energy Corp.

Issuance of New Note. Upon any partial redemption conversion of this Note, upon the surrender of the original Note outstanding at the time of the conversion, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies Company to the Holder for the principal balance of this Note and interest which shall not have been paid as of such dateconverted or paid. Subject to the provisions of Article III IV of this Note, the Companies Company shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 1 contract

Samples: Waiver Agreement (Xfone Inc)

Issuance of New Note. Upon any partial redemption conversion of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies to the Holder for the principal balance of this Note and interest which shall not have been paid as of such dateconverted or paid. Subject to the provisions of Article III IV of this Note, the Companies shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.. EVENTS OF DEFAULT

Appears in 1 contract

Samples: American Mold Guard Inc

Issuance of New Note. Upon any partial redemption conversion of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies Company to the Holder for the principal balance of this Note and interest which shall not have been paid as of such dateconverted or paid. Subject to the provisions of Article III of this Note, the Companies Company shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 1 contract

Samples: Earthfirst Technologies Inc

Issuance of New Note. Upon any partial redemption conversion of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Companies Company to the Holder for the principal balance of this Note and interest which shall not have been paid as of such dateconverted or paid. Subject to the provisions of Article III IV of this Note, the Companies Company shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.. ARTICLE IV

Appears in 1 contract

Samples: Able Energy Inc

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