Common use of Surrender of Note Upon Conversion Clause in Contracts

Surrender of Note Upon Conversion. Notwithstanding anything to the contrary set forth herein, upon conversion of this Note in accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower unless the entire unpaid principal amount of this Note is so converted. The Holder and the Borrower shall maintain records showing the principal amount so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the Borrower, so as not to require physical surrender of this Note upon each such conversion.

Surrender of Note Upon Conversion. Notwithstanding anything to the contrary set forth herein, upon conversion of this Note in accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower Company unless the entire unpaid principal amount of this Note is so converted. The Holder and the Borrower Company shall maintain records showing the principal amount so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the BorrowerCompany, so as not to require physical surrender of this Note upon each such conversion.

Surrender of Note Upon Conversion. Notwithstanding anything to the contrary set forth herein, upon conversion of this Note in accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower Maker, unless the entire unpaid principal amount of this Note is so converted. The Holder and the Borrower Maker shall maintain records showing the principal amount so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the BorrowerMaker, so as not to require physical surrender of this Note upon each such conversion.

Surrender of Note Upon Conversion. Notwithstanding anything to the contrary set forth herein, upon Upon conversion of this Note in accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower Company unless the entire unpaid principal amount of this Note is so converted. The Holder and the Borrower Company shall maintain records showing the principal amount so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the BorrowerCompany, so as not to require physical surrender of this Note upon each such conversion.

Surrender of Note Upon Conversion. Notwithstanding anything to the contrary set forth herein, upon Upon conversion of this Note in accordance with the terms hereof, the Holder Investor shall not be required to physically surrender this Note to the Borrower Company unless the entire unpaid principal amount of this Note is so converted. The Holder Investor and the Borrower Company shall maintain records showing the principal amount so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder Investor and the BorrowerCompany, so as not to require physical surrender of this Note upon each such conversion.