Note Cancellation. Effective immediately upon the issuance of the shares of Common Stock to the Investor in the amount set forth on Schedule I hereto, the Notes shall be deemed cancelled, terminated and of no further force or effect.
Note Cancellation. X.X. Xxxxxx & Co. ("XXXXXX") shall have canceled in full, or agreed to cancel in full at the Effective Time, all notes payable in favor of Xxxxxx by any of the Acquired Companies, including, without limitation, the note dated December 18, 1998, together with any obligations of any of the Acquired Companies set forth in the applicable agreements surrounding the issuance of such notes, including, but not limited to the Security Agreement (including a full release of Xxxxxx'x security interest in the assets of the of the Acquired Companies), Pledge Agreement and Guarantee between Xxxxxx and the LLC and the Members, all such documentation to be reasonably acceptable to counsel to OnHealth. Such cancellations and releases may be cross-conditioned on the receipt by Xxxxxx of OnHealth Common Shares having a value equal to the existing indebtedness, including interest, under notes of the Acquired Companies in favor of Xxxxxx (based on the OnHealth Average Price).
Note Cancellation. The Company shall use its reasonable best efforts to cause the Note Cancellation to be effected in accordance with the terms of Section 2.3(c).
Note Cancellation. As partial consideration for Borrower’s issuance of the Shares to Lender, Lender hereby cancels and terminates in full the Notes and all liabilities, claims, and obligations thereunder.
Note Cancellation. As partial consideration for Camber’s issuance of the Shares to Lender, Lender hereby cancels and terminates in full the Notes and all other liabilities, claims, amounts owing, and other obligations thereunder.
Note Cancellation. The parties acknowledge that the Company shall seek to cancel the Company Notes and terminate the Company Note Instruments to the effect that the outstanding Company Notes shall generally be converted into the right to receive the Company Notes Merger Consideration and the Company Note Instruments shall generally be terminated (the "Note Cancellation"). The Note Cancellation shall be effected by the execution by the Company and the holders of the Company Notes of an agreement to cancel the Company Notes and terminate the Company Note Instruments, which agreement shall provide for the allocation of the Company Notes Merger Consideration among the holders of Company Notes. The effectiveness of such cancellation and termination shall be conditioned upon the consummation of the Merger.
Note Cancellation. As of the Effective Date, the Original Notes shall be canceled and the Company and the Holder shall waive all rights and obligations connected to the Original Notes (the “Cancellation”).
Note Cancellation. Concurrently with the execution of this Agreement and in consideration of Targeted’s full and complete release of Celltech from any and all claims and demands for the Development Costs that have been or may be incurred by Targeted, Medeva agrees that such release constitutes payment in full of all amounts that are or may be owed by Targeted to Medeva under the Note.
Note Cancellation. The Company shall have received from Halco the original Applied Notes and the original Old Notes marked "Cancelled."
Note Cancellation. Concurrently with the cash payment and the Conversion Share issuance in accordance with section 3 above, the original of the Notes shall be delivered to the Company, whereupon they shall be marked and deemed cancelled and of no further force or effect.
