Common use of Replacement of Note Clause in Contracts

Replacement of Note. 2.1 In case this Note is mutilated, destroyed, lost or stolen, the Payor shall, at its sole expense, execute, register and deliver, a new Note, in exchange and substitution for this Note, if mutilated, or in lieu of and substitution for this Note, if destroyed, lost or stolen. In the case of destruction, loss or theft, the Payee shall furnish to the Payor indemnity reasonably satisfactory to the Payor, and in the case of mutilation, the Payee shall also furnish to the Payor evidence to its reasonable satisfaction of the mutilation, destruction, loss or theft of this Note and of the ownership thereof. Any replacement Note so issued shall be in the same outstanding principal amount as this Note and dated the date to which interest shall have been paid on this Note, or if no interest shall have yet been paid, dated the date of this Note.

Appears in 11 contracts

Samples: Laser Energetics Inc, Laser Energetics Inc, Laser Energetics Inc

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Replacement of Note. 2.1 In case the event that this Note is mutilated, destroyed, lost or stolen, the Payor shall, at its sole expense, execute, register and deliver, deliver a new Note, in exchange and substitution for this Note, if mutilated, or in lieu of and substitution for this Note, if destroyed, lost or stolen. In the case of destruction, loss or theft, the Payee shall furnish to the Payor indemnity reasonably satisfactory to the Payor, and in any such case, and in the case of mutilation, the Payee shall also furnish to the Payor evidence to its reasonable satisfaction of the mutilation, destruction, loss or theft of this Note and of the ownership thereof. Any replacement Note so issued shall be in the same outstanding principal amount as this Note and dated the date to which interest shall have been paid on this NoteNote or, or if no interest shall have yet been paid, dated the date of this Note.

Appears in 11 contracts

Samples: Arcadia Resources, Inc, Critical Home Care Inc, Arcadia Resources, Inc

Replacement of Note. 2.1 2.1. In case the event that this Note is mutilated, destroyed, lost or stolen, the Payor shall, at its sole expense, execute, register and deliver, deliver a new Note, in exchange and substitution for this Note, if mutilated, or in lieu of and substitution for this Note, if destroyed, lost or stolen. In the case of destruction, loss or theft, the Payee shall furnish to the Payor indemnity reasonably satisfactory to the Payor, and in any such case, and in the case of mutilation, the Payee shall also furnish to the Payor evidence to its reasonable satisfaction of the mutilation, destruction, loss or theft of this Note and of the ownership thereof. Any replacement Note so issued shall be in the same outstanding principal amount as this Note and dated the date to which interest shall have been paid on this NoteNote or, or if no interest shall have yet been paid, dated the date of this Note.

Appears in 10 contracts

Samples: Winsonic Digital Media Group LTD, Winsonic Digital Media Group LTD, AskMeNow,Inc.

Replacement of Note. 2.1 In case the event that this Note is mutilated, destroyed, lost or stolen, the Payor shall, at its sole expense, execute, register and deliver, deliver a new Notenote, in exchange and substitution for this Note, if mutilated, or in lieu of and substitution for this Note, if destroyed, lost or stolen. In the case of destruction, loss or theft, the Payee shall furnish to the Payor indemnity reasonably satisfactory to the Payor, and in any such case, and in the case of mutilation, the Payee shall also furnish to the Payor evidence to its reasonable satisfaction of the mutilation, destruction, loss or theft of this Note and of the ownership thereof. Any replacement Note note so issued shall be in the same outstanding principal amount as this Note and dated the date to which interest shall have been paid on this NoteNote or, or if no interest shall have yet been paid, dated the date of this Note.

Appears in 3 contracts

Samples: Arcadia Resources, Inc, Arcadia Resources, Inc, Arcadia Resources, Inc

Replacement of Note. 2.1 7.1. In case the event that this Note is mutilated, destroyed, lost or stolen, the Payor shall, at its sole expense, execute, register and deliver, deliver a new Note, in exchange and substitution for this Note, if mutilated, or in lieu of and substitution for this Note, if destroyed, lost or stolen. In the case of destruction, loss or theft, the Payee shall furnish to the Payor indemnity reasonably satisfactory to the Payor, and in any such case, and in the case of mutilation, the Payee shall also furnish to the Payor evidence to its reasonable satisfaction of the mutilation, destruction, loss or theft of this Note and of the ownership thereof. Any replacement Note so issued shall be in the same outstanding principal amount as this Note and dated the date to which interest shall have been paid on this NoteNote or, or if no interest shall have yet been paid, dated the date of this Note.

Appears in 2 contracts

Samples: Global Realty Development Corp, Global Realty Development Corp

Replacement of Note. 2.1 2.1. In case this Note is mutilated, destroyed, lost or stolen, the Payor shall, at its sole expense, execute, register and deliver, a new Note, in exchange and substitution for this Note, if mutilated, or in lieu of and substitution for this Note, if destroyed, lost or stolen. In the case of destruction, loss or theft, the Payee shall furnish to the Payor indemnity reasonably satisfactory to the Payor, and in the case of mutilation, the Payee shall also furnish to the Payor evidence to its reasonable satisfaction of the mutilation, destruction, loss or theft of this Note and of the ownership thereof. Any replacement Note so issued shall be in the same outstanding principal amount as this Note and dated the date to which interest shall have been paid on this Note, or if no interest shall have yet been paid, dated the date of this Note.

Appears in 2 contracts

Samples: Laser Energetics Inc, Laser Energetics Inc

Replacement of Note. 2.1 In case the event that this Note is mutilated, destroyed, lost or stolen, the Payor shall, at its sole expense, execute, register and deliver, deliver a new Note, in exchange and substitution for this Note, if mutilated, or in lieu of and in substitution for this Note, if destroyed, lost or stolen. In the case of destruction, loss or theft, the Payee shall furnish to the Payor indemnity reasonably satisfactory to the Payor. In any such case, and in the case of mutilation, the Payee shall also furnish to the Payor evidence to its reasonable satisfaction of the mutilation, destruction, loss or theft of this Note and of the ownership thereof. Any replacement Note so issued shall be in the same outstanding principal amount as this Note and dated the date to which interest shall have been paid on this NoteNote or, or if no interest shall have yet been paid, dated the date of this Note.

Appears in 1 contract

Samples: Note (Galacticomm Technologies Inc)

Replacement of Note. 2.1 In case this Note is mutilated, destroyed, lost or stolen, the Payor shall, at its sole expense, execute, register and deliver, a new Note, in exchange and substitution for this Note, if mutilated, or in lieu of and substitution for this Note, if destroyed, lost or stolen. In the case of destruction, loss or theft, the Payee shall furnish to the Payor indemnity reasonably satisfactory to the Payor, and in the case of mutilation, the Payee shall also furnish to the Payor evidence to its reasonable satisfaction of the mutilation, destruction, loss or theft of this Note and of the ownership thereof. thereof Any replacement Note so issued shall be in the same outstanding principal amount as this Note and dated the date to which interest shall have been paid on this Note, or if no interest shall have yet been paid, dated the date of this Note.

Appears in 1 contract

Samples: Laser Energetics Inc

Replacement of Note. 2.1 In case this Note is mutilated, destroyed, lost or Or stolen, the Payor shall, at its sole expense, execute, register and deliver, a new Note, in exchange and substitution for this Note, if mutilated, or in lieu of and substitution for this Note, if destroyed, lost or stolen. In the case of destruction, loss or theft, the Payee shall furnish to the Payor indemnity reasonably satisfactory to the Payor, and in the case of mutilation, the Payee shall also furnish to the Payor evidence to its reasonable satisfaction of the mutilation, destruction, loss or theft of this Note and of the ownership thereof. Any replacement Note so issued shall be in the same outstanding principal amount as this Note and dated the date to which interest shall have been paid on this Note, or if no interest shall have yet been paid, dated the date of this Note.

Appears in 1 contract

Samples: Laser Energetics Inc

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Replacement of Note. 2.1 In case this Note is mutilated, destroyed, lost or stolen, the Payor shall, at its sole expense, execute, register and deliver, a new Note, in exchange and substitution for this Note, if mutilated, or in lieu of and substitution for this Note, if destroyed, lost or stolen. In the case of destruction, loss or theft, the Payee shall furnish to the Payor indemnity reasonably satisfactory to the Payor, and in the case ease of mutilation, the Payee shall also furnish to the Payor evidence to its reasonable satisfaction of the mutilation, destruction, loss or theft of this Note and of the ownership thereof. thereof Any replacement Note so issued shall be in the same outstanding principal amount as this Note and dated the date to which interest shall have been paid on this Note, or if no interest shall have yet been paid, dated the date of this Note.

Appears in 1 contract

Samples: Laser Energetics Inc

Replacement of Note. 2.1 2.1. In case this Note is mutilated, destroyed, lost or stolen, the Payor shall, at its sole expense, execute, register and deliver, a new Note, in exchange and substitution for this Note, if mutilated, or in lieu of and substitution for this Note, if destroyed, lost or stolen. In the case of destruction, loss or theft, the Payee shall furnish to the Payor indemnity reasonably satisfactory to the Payor, and in any such case, and in the case of mutilation, the Payee shall also furnish to the Payor evidence to its reasonable satisfaction of the mutilation, destruction, loss or theft of this Note and of the ownership thereof. Any replacement Note so issued shall be in the same outstanding principal amount as this Note and dated the date to which interest shall have been paid on this Note, or if no interest shall have yet been paid, dated the date of this Note.

Appears in 1 contract

Samples: Subscription Agreement (Cti Industries Corp)

Replacement of Note. 2.1 7.1. In case the event that this Note is mutilated, destroyed, lost or stolen, the Payor shall, at its his sole expense, execute, register and deliver, deliver a new Note, in exchange and substitution for this Note, if mutilated, or in lieu of and substitution for this Note, if destroyed, lost or stolen. In the case of destruction, loss or theft, the Payee shall furnish to the Payor indemnity reasonably satisfactory to the Payor, and in any such case, and in the case of mutilation, the Payee shall also furnish to the Payor evidence to its reasonable satisfaction of the mutilation, destruction, loss or theft of this Note and of the ownership thereof. Any replacement Note so issued shall be in the same outstanding principal amount Principal Amount as this Note and dated the date to which interest shall have been paid on this NoteNote or, or if no interest shall have yet been paid, dated the date of this Note.

Appears in 1 contract

Samples: Global Realty Development Corp

Replacement of Note. 2.1 In case the event that this Note is mutilated, destroyed, lost or stolen, the Payor shall, at its sole expense, execute, register and deliver, deliver a new Note, in exchange and substitution for this Note, if mutilated, or in lieu of and in substitution for this Note, if destroyed, lost or stolen. In the case of destruction, loss or theft, the Payee Holder shall furnish to the Payor indemnity reasonably satisfactory to the Payor. In any such case, and in the case of mutilation, the Payee Holder shall also furnish to the Payor evidence to its reasonable satisfaction of the mutilation, destruction, loss or theft of this Note and of the ownership thereof. Any replacement Note so issued shall be in the same outstanding principal amount as this Note and dated the date to which interest shall have been paid on this NoteNote or, or if no interest shall have yet been paid, dated the date of this Note.

Appears in 1 contract

Samples: Note (Galacticomm Technologies Inc)

Replacement of Note. 2.1 In case this Note is mutilated, destroyed, lost ------------------- or stolen, the Payor shall, at its sole expense, execute, register and deliver, a new Note, in exchange and substitution for this Note, if mutilated, or in lieu of and substitution for this Note, if destroyed, lost or stolen. In the case of destruction, loss or theft, the Payee shall furnish to the Payor indemnity reasonably satisfactory to the Payor, and in any such case, and in the case of mutilation, the Payee shall also furnish to the Payor evidence to its reasonable satisfaction of the mutilation, destruction, loss or theft of this Note and of the ownership thereof. Any replacement Note so issued shall be in the same outstanding principal amount as this Note and dated the date to which interest shall have been paid on this Note, or if no interest shall have yet been paid, dated the date of this Note.

Appears in 1 contract

Samples: Bioshield Technologies Inc

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