Common use of Issuance of New Notes Clause in Contracts

Issuance of New Notes. Whenever the Borrower is required to issue a new Note, the new Note (A) shall be of like tenor with this Note, (B) shall represent, as indicated on the face of such new Note, the principal remaining outstanding, (C) shall have an issuance date, as indicated on the face of such new Note, which is the same as the Issue Date of this Note, and (D) shall be in all other respects identical to this Note.

Appears in 14 contracts

Samples: Senior Secured Note (Ho Chi Sing), Senior Secured Note (Mo Tianquan), Senior Note (Ho Chi Sing)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!