Common use of Surrender of Notes; Notation Thereon Clause in Contracts

Surrender of Notes; Notation Thereon. Upon any prepayment of a portion of the principal amount of this Note, the holder hereof, at its option, may require the Obligors to execute and deliver at the expense of the Obligors (other than for transfer taxes, if any), upon surrender of this Note, a new Note registered in the name of such person or persons as may be designated by such holder for the principal amount of this Note then remaining unpaid, dated as of the date to which interest has been paid on the principal amount of this Note then remaining unpaid, or may present this Note to the Corporation for notation hereon of the payment of the portion of the principal amount of this Note so prepaid.

Appears in 1 contract

Sources: Note and Warrant Purchase Agreement (Furman Selz Sbic L P)

Surrender of Notes; Notation Thereon. Upon As a condition to obtaining any prepayment payment of a all or any portion of the principal amount of this Note, the holder hereof, at its option, Company may require the Obligors holder hereof to surrender this Note, and in such event the Company will execute and deliver at the expense of the Obligors (other than for transfer taxes, if any)Company, upon surrender of this Notesuch surrender, a new Note registered in the name of such person or persons as may be designated by such holder for the principal amount of this Note then remaining unpaid, dated as of the date to which interest has been paid on the principal amount of this Note then remaining unpaid, or may require the holder to present this Note to the Corporation Company for notation hereon of the payment of the portion of the principal amount of this Note so prepaidrepaid.

Appears in 1 contract

Sources: Merger Agreement (Energy Partners LTD)