Common use of Issuance of New Notes Clause in Contracts

Issuance of New Notes. The Company will at any time, at its expense, at the request of a holder of a Note, and upon surrender of such Note for such purpose, issue a new Note or Notes in exchange therefor, payable to the order of the holder or (subject to Section 11.2) such person or persons as may be designated by such holder, dated the last date to which interest has been paid on the surrendered Note, or, if such exchange shall take place prior to the due date of the first interest payment, the Closing Date, in such denominations as may be requested, in an aggregate principal amount equal to the unpaid principal amount of the Note so surrendered and substantially in the form of such Note with appropriate revisions. Upon such exchange the term "Note" as used herein shall include such new Note or Notes.

Appears in 2 contracts

Samples: Note and Warrant Purchase Agreement (Specialty Catalog Corp), Note and Warrant Purchase Agreement (Specialty Catalog Corp)

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Issuance of New Notes. The Company will at any time, at its expense, at the request of a holder of a Note, and upon surrender of such Note for such purpose, issue a new Note or Notes in exchange therefor, payable to the order of the holder or (subject to Section 11.2) such person or persons as may be designated by such holder, dated the last date to which interest has been paid on the surrendered Note, or, if such exchange shall take place prior to the due date of the first interest payment, the Closing Datedate of issuance of such original Note, in such denominations as may be requested, in an aggregate principal amount equal to the unpaid principal amount of the Note so surrendered and substantially in the form of such Note with appropriate revisions. Upon such exchange the term "Note" as used herein shall include such new Note or Notes.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Livedeal Inc)

Issuance of New Notes. The Company will at any time, at its expense, at the request of a holder of a Note, and upon surrender of such Note for such purpose, issue a new Note Notes or Notes in exchange therefortherefore, payable to the order of the holder or (subject to Section 11.2) such person Person or persons Persons as may be designated by such holder, dated the last date to which interest has been paid on the surrendered NoteNotes, or, if such exchange shall take place prior to the due date of the first interest payment, the Closing Date, in such denominations as may be requested, in an aggregate principal amount equal to the unpaid principal amount of the Note Notes so surrendered and substantially in the form of such Note with appropriate revisions. Upon such exchange the term "Note" as used herein shall include such new Note or Notes.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Brooke Corp)

Issuance of New Notes. The Company will at any time, at its expense, at the request of a holder of a Note, and upon surrender of such Note for such purpose, issue a new Note or Notes in exchange therefor, payable to the order of the holder or (subject to Section 11.2) such person or persons as may be designated by such holder, dated the last date to which interest has been paid on the surrendered Note, or, if such exchange shall take place prior to the due date of the first interest payment, the Closing Datedate of issuance of such original Note, in such denominations as may be requested, in an aggregate principal amount equal to the unpaid principal amount of the Note so surrendered and substantially in the form of such Note with appropriate revisions. Upon such exchange the term "''Note" as used herein shall include such new Note or Notes.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (LIVE VENTURES Inc)

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Issuance of New Notes. The Company will at any time, at its expense, at the request of a holder of a NoteNote of a Series, and upon surrender of such Note for such purpose, issue a new Note or Notes of the same Series in exchange therefor, payable to the order of the holder or (subject to Section 11.2) such person Person or persons Persons as may be designated by such holder, dated the last date to which interest has been paid on the surrendered Note, or, if such exchange shall take place prior to the due date of the first interest payment, the Closing Date, in such denominations as may be requested, in an aggregate principal amount equal to the unpaid principal amount of the Note so surrendered and substantially in the form of such surrendered Note with appropriate revisions. Upon such exchange the term "Note" as used herein shall include such new Note or Notes.

Appears in 1 contract

Samples: Warrant Agreement (Us Home & Garden Inc)

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