Common use of Loss or Mutilation of Note Clause in Contracts

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

Appears in 2 contracts

Samples: Security Agreement (Eco2 Plastics Inc), Security Agreement (Eco2 Plastics Inc)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Convertible Note and Warrant Purchase Agreement (Eco2 Plastics Inc)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Asset Assignment Agreement (Sars Corp.)

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