Common use of Replacement of Note Clause in Contracts

Replacement of Note. Upon receipt by the Maker of evidence satisfactory to it of the loss, theft, destruction, or mutilation of this Note and (in case of loss, theft, or destruction) of indemnity satisfactory to it, and upon surrender and cancellation of this Note, if mutilated, the Maker will make and deliver a new Note of like tenor in lieu of this Note.

Appears in 10 contracts

Sources: Convertible Promissory Note (Biohitech Global, Inc.), Subordinated Convertible Promissory Note (Biohitech Global, Inc.), Convertible Promissory Note (Workhorse Group Inc.)

Replacement of Note. Upon receipt by of evidence reasonably satisfactory to the Maker of evidence satisfactory to it of the loss, theft, destruction, destruction or mutilation of this Note and (and, in the case of any such loss, theft, theft or destruction) , upon delivery of an indemnity agreement reasonably satisfactory in form and amount to itthe Maker, and or, in the case of any such mutilation, upon surrender and cancellation of this Note, if mutilatedthe Maker, the Maker at its expense, will make execute and deliver deliver, in lieu thereof, a new Note of like tenor in lieu of this Notetenor.

Appears in 3 contracts

Sources: Convertible Note (Skinny Nutritional Corp.), Convertible Secured Promissory Note (Interchange Corp), 8% Senior Subordinated Convertible Note (Workstream Inc)

Replacement of Note. Upon On receipt by the Maker of evidence reasonably satisfactory to it the Holder of the loss, theft, destruction, destruction or mutilation of this Note and (Note, and, in each case of loss, theft, theft or destruction) , delivery of an indemnity agreement reasonably satisfactory in form and substance to itthe Company or, and upon in the case of mutilation, on surrender and cancellation of this Note, if mutilatedthe Holder at the Maker's expense shall execute and deliver, the Maker will make and deliver a new Note of like tenor in lieu of this Note, a new note of like tenor.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Apollo Medical Holdings, Inc.), Stock Purchase Agreement (Apollo Medical Holdings, Inc.)

Replacement of Note. Upon receipt by the Maker Makers of evidence satisfactory to it them of the loss, theft, destruction, destruction or mutilation of this Note Note, and (in case of loss, theft, theft or destruction) of an indemnity reasonably satisfactory to it, and upon reimbursement to the Makers of all reasonable expenses incidental thereto, and upon surrender and cancellation of this Note, Note if mutilated, the Maker Makers will make and deliver delivery a new Note of like tenor in lieu of this Note.

Appears in 2 contracts

Sources: Secured Promissory Note (Opticare Health Systems Inc), Secured Promissory Note (Opticare Health Systems Inc)

Replacement of Note. Upon On receipt by the Maker of evidence reasonably satisfactory to it the Payor of the loss, theft, destruction, destruction or mutilation of this Note and (Note, and, in each case of loss, theft, theft or destruction) , delivery of an indemnity agreement reasonably satisfactory in form and substance to itthe Payor or, and upon in the case of mutilation, on surrender and cancellation of this Note, if mutilatedthe Payor at its expense shall execute and deliver, the Maker will make and deliver a new Note of like tenor in lieu of this Note, a new note of like tenor.

Appears in 2 contracts

Sources: Note Agreement (Winsonic Digital Media Group LTD), Note Agreement (Winsonic Digital Media Group LTD)

Replacement of Note. Upon receipt by the Maker of evidence reasonably satisfactory to it the Borrower of the loss, theft, destruction, destruction or mutilation of this Note Note, and (in case the receipt of loss, theft, or destruction) an indemnity agreement of indemnity the Payee reasonably satisfactory to it, and upon surrender and cancellation of this Note, if mutilatedthe Borrower, the Maker will make Borrower will, at the expense of the Payee, execute and deliver deliver, in lieu thereof, a new Note of like tenor in lieu of this Noteterms.

Appears in 1 contract

Sources: Credit Agreement (Franklin Capital Corp)

Replacement of Note. Upon On receipt by of evidence reasonably satisfactory to the Maker of evidence satisfactory to it of the loss, theft, destruction, destruction or mutilation of this Note and (Note, and, in each case of loss, theft, theft or destruction) , delivery of an indemnity agreement reasonably satisfactory in form and substance to itthe Maker or, and upon in the case of mutilation, on surrender and cancellation of this Note, if mutilated, the Maker will make at the Holder’s expense shall execute and deliver a new Note of like tenor deliver, in lieu of this Note, a new note of like tenor.

Appears in 1 contract

Sources: Securities Purchase Agreement (M Line Holdings Inc)

Replacement of Note. Upon the Maker’s receipt by the Maker of evidence satisfactory to it of the loss, theft, destruction, destruction or mutilation of this Note Note, and (in case of loss, theft, theft or destruction) , of an indemnity reasonable satisfactory to it, and or, in the case of mutilation, upon surrender and cancellation of this Note, if mutilatedand in all cases upon reimbursement to the Maker of all reasonable expenses incidental thereto, the Maker will make and deliver a new Note of like tenor in lieu of this Note. 13.

Appears in 1 contract

Sources: Unit Purchase Agreement (Eos Energy Enterprises, Inc.)

Replacement of Note. Upon receipt by the Maker of evidence satisfactory to it of the loss, theft, destruction, destruction or mutilation of this Note Note, and (in case of loss, theft, theft or destruction) of an indemnity reasonably satisfactory to it, and upon reimbursement to the Make of all reasonable expenses incidental thereto, and upon surrender and cancellation of this Note, Note if mutilated, the Maker will make and deliver delivery a new Note of like tenor in lieu of this Note.

Appears in 1 contract

Sources: Loan Agreement (Acceris Communications Inc)

Replacement of Note. Upon receipt by the Maker Borrowers of evidence reasonably satisfactory to it them of the loss, theft, destruction, destruction or mutilation of this Note and (in case of loss, theft, or destruction) of indemnity satisfactory to itthe Note, and upon surrender and cancellation of this Notesatisfactory indemnification, if mutilatedrequested, the Maker will make Borrowers, at their own expense, shall execute and deliver to the Lender, in lieu thereof, a new Note of like tenor in lieu of this Note.

Appears in 1 contract

Sources: Loan Agreement (SWK Holdings Corp)

Replacement of Note. Upon receipt by the Maker of evidence reasonably satisfactory to it Maker of the loss, theft, destruction, destruction or mutilation of this Note Note, and (in case of loss, theft, or destruction) of indemnity in form and amount reasonably satisfactory to itMaker, if lost, stolen or destroyed, and upon surrender and cancellation of this Note, if mutilated, the and upon reimbursement of Maker’s reasonable incidental expenses, Maker will make shall execute and deliver to the Holder a new Note of like date, tenor in lieu of this Noteand denomination.

Appears in 1 contract

Sources: Secured Convertible Promissory Note (Mso Holdings Inc)

Replacement of Note. Upon receipt by the Maker of evidence reasonably satisfactory to it the Borrower of the loss, theft, destruction, destruction or mutilation of this Note and (any Note, and, in the case of any such loss, theft, theft or destruction) , upon delivery of an indemnity agreement in form and substance reasonably satisfactory to itthe Borrower, and or, in the case of any such mutilation, upon surrender and cancellation of this the Note, if mutilatedas the case may be, the Maker Borrower will make and deliver issue a new Note of like tenor tenor, in lieu of this such lost, stolen, destroyed or mutilated Note.

Appears in 1 contract

Sources: Note Purchase Agreement (Clearone Inc)

Replacement of Note. Upon receipt by the Maker of evidence satisfactory to it the Debtor of the loss, theft, destruction, destruction or mutilation of this Note and (and, in the case of lossany such mutilation, theft, or destruction) of indemnity satisfactory to it, and upon surrender and cancellation of this the Note, if mutilated, the Maker Debtor will make and deliver issue a new Note of like tenor (and, in the case of any new Note, dated the date to which interest has been paid), in lieu of this such lost, stolen, destroyed or mutilated Note.

Appears in 1 contract

Sources: Acquisition Agreement (Cytrx Corp)