Common use of Loss or Mutilation of Note Clause in Contracts

Loss or Mutilation of Note. Upon receipt by Borrower of evidence satisfactory to Borrower of the loss, theft, destruction or mutilation of this Note, together with indemnity reasonably satisfactory to Borrower, in the case of loss, theft or destruction, or the surrender and cancellation of this Note, in the case of mutilation, Borrower shall execute and deliver to Lender a new promissory note of like tenor and denomination as this Note.

Appears in 3 contracts

Samples: Loan Agreement (Better Biodiesel, Inc), Loan Agreement (Fashion House Holdings Inc), Hemcure Inc

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Loss or Mutilation of Note. Upon receipt by Borrower of evidence satisfactory to Borrower of the loss, theft, destruction or mutilation of this Note, together with indemnity reasonably satisfactory to Borrower, in the case of loss, theft or destruction, or the surrender and cancellation of this Note, in the case of mutilation, Borrower shall execute and deliver to Lender Lenders a new promissory note of like tenor and denomination as this Note.

Appears in 2 contracts

Samples: Note and Security Agreement (V2K International Inc), Promissory Note and Security Agreement (V2K International Inc)

Loss or Mutilation of Note. Upon receipt by Borrower of evidence satisfactory to Borrower of the loss, theft, destruction or mutilation of this Note, together with indemnity reasonably satisfactory to Borrower, in the case of loss, theft or destruction, or the surrender and cancellation of this Note, in the case of mutilation, Borrower shall execute and deliver to Lender the Lenders a new promissory note of like tenor and denomination as this Note.

Appears in 1 contract

Samples: Loan Agreement (Itec Environmental Group Inc)

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Loss or Mutilation of Note. Upon receipt by the Borrower of evidence satisfactory to the Borrower of the loss, theft, destruction or mutilation of this Note, together with indemnity reasonably satisfactory to the Borrower, in the case of loss, theft or destruction, or the surrender and cancellation of this the Note, in the case of mutilation, the Borrower shall execute and deliver to Lender a new promissory note Note of like tenor and denomination as this Note.

Appears in 1 contract

Samples: License Agreement (pSivida LTD)

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