Common use of Assignment, Exchange, or Loss of Note Clause in Contracts

Assignment, Exchange, or Loss of Note. Subject to the transfer restrictions herein, upon presentation and surrender of this Note to the Company at its principal office with a duly executed request for assignment and funds sufficient to pay any transfer tax, the Company shall, without charge, execute and deliver a new Note in the name of the assignee named in such instrument of assignment and this Note shall promptly be canceled.

Appears in 4 contracts

Samples: Subordination Agreement (Displaytech Inc), Subordination Agreement (Displaytech Inc), Bridge Financing Agreement (Axys Pharmaceuticals Inc)

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