Registration of the Promissory Note. (a) The Lender shall maintain a Register providing for the registration of the Principal Amount and any stated interest and of transfer and exchange of the Promissory Note. Transfer of the Promissory Note may be effected only by the surrender of the old instrument and either the reissuance by the Borrower of the old instrument to the new holder or the issuance by the Borrower of a new instrument to the new holder. The old Promissory Note so surrendered shall be canceled by the Lender and returned to the Borrower after such cancellation.
Appears in 64 contracts
Samples: Loan Agreement (Athens Bancshares Corp), Loan Agreement (NorthEast Community Bancorp, Inc./Md/), Loan Agreement (SFSB, Inc.)
Registration of the Promissory Note. (a) The Lender shall maintain a Register providing for the registration of the Principal Amount and any stated interest and of transfer and exchange of the Promissory Note. Transfer of the Promissory Note may be effected only by the surrender of the old instrument and either the reissuance by the Borrower of the old instrument to the new holder or the issuance by the Borrower of a new instrument to the new holder. The old Promissory Note so surrendered shall be canceled cancelled by the Lender and returned to the Borrower after such cancellation.
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Samples: Loan Agreement (Home Bancorp of Elgin Inc), Loan Agreement (North Central Bancshares Inc), Loan Agreement (Warwick Community Bancorp Inc)
Registration of the Promissory Note. (a) The Lender shall maintain a Register providing for the registration of the Principal Amount and any stated interest and of the transfer and exchange of the Promissory Note. Transfer of the Promissory Note may be effected only by the surrender of the old instrument and either the reissuance by the Borrower of the old instrument to the new holder or the issuance by the Borrower of a new instrument to the new holder. The old Promissory Note so surrendered shall be canceled cancelled by the Lender and returned to the Borrower after such cancellation.
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Registration of the Promissory Note. (a) The Lender shall maintain a Register providing for the registration of the Principal Amount and any stated interest and of transfer and exchange of the Amended and Restated Promissory Note. Transfer of the Amended and Restated Promissory Note may be effected only by the surrender of the old instrument and either the reissuance by the Borrower of the old instrument to the new holder or the issuance by the Borrower of a new instrument to the new holder. The old Amended and Restated Promissory Note so surrendered shall be canceled by the Lender and returned to the Borrower after such cancellation.
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Registration of the Promissory Note. (a) The Lender shall maintain a Register providing for the registration of the Principal Amount and any stated interest and of transfer and exchange of the Promissory Note. Transfer of the Promissory Note may be effected affected only by the surrender of the old instrument and either the reissuance by the Borrower of the old instrument to the new holder or the issuance by the Borrower of a new instrument to the new holder. The old Promissory Note so surrendered shall be canceled by the Lender and returned to the Borrower after such cancellation.
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Registration of the Promissory Note. (a) The Lender shall maintain a Register providing for the registration of the Principal Amount and any stated interest and of transfer and exchange of the Promissory Note. Transfer of the Promissory Note may be effected only by the surrender of the old instrument and either the reissuance by the Borrower of the old instrument to the new holder or the issuance by 10 the Borrower of a new instrument to the new holder. The old Promissory Note so surrendered shall be canceled cancelled by the Lender and returned to the Borrower after such cancellation.
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