Common use of Issuance of New Note Clause in Contracts

Issuance of New Note. Upon any partial 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 Parent to the Holder for the principal balance of this Note and interest which shall not have been converted or paid. Subject to the provisions of Article IV of this Note, the Parent shall not pay any costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

Appears in 22 contracts

Samples: Other Companies (Stonepath Group Inc), Chad Therapeutics Inc, Airnet Communications Corp

AutoNDA by SimpleDocs

Issuance of New Note. Upon any partial 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 Parent to the Holder for the principal balance of this Note and accrued interest which shall not have been converted or paid. Subject to the provisions of Article IV of this Note, the Parent 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: Netfabric Holdings, Inc

AutoNDA by SimpleDocs

Issuance of New Note. Upon any partial conversion 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 Parent to the Holder for the principal balance of this Note and interest which shall not have been converted or paid. Subject to the provisions of Article IV II of this Note, the Parent 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: Chad Therapeutics Inc

Time is Money Join Law Insider Premium to draft better contracts faster.