Common use of Replacement of Notes Clause in Contracts

Replacement of Notes. Upon receipt by 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 an indemnity reasonably satisfactory to it, and upon surrender and cancellation of this Note, if mutilated, Maker will deliver a new Note, or like tenor in lieu of this Note, payable to Holder, in the same principal amount as the unpaid principal amount of this Note and bearing interest at the same Interest Rate as this Note. Any Note delivered in accordance with the provisions of this Section 3.08 shall be dated as of the date of this Note.

Appears in 19 contracts

Samples: Put Agreement (Twinlab Consolidated Holdings, Inc.), Purchase Agreement (Twinlab Consolidated Holdings, Inc.), Purchase Agreement (Twinlab Consolidated Holdings, Inc.)

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