Common use of Cancellation and Extinguishment of Receivables Clause in Contracts

Cancellation and Extinguishment of Receivables. Immediately following the transactions contemplated by Sections 1.2, 1.3 and 1.4, Issuer Co shall cancel and extinguish the entire amount of Convertible Notes Receivable and the Secured Notes Receivable (other than the Retained Debt), and each of the Parties hereto shall take all such actions reasonably necessary or desirable to evidence such cancellation and extinguishment.

Appears in 5 contracts

Samples: Royalty Right Agreement (Bracebridge Capital, LLC), Master Transaction Agreement (Quotient LTD), Royalty Right Agreement (Ci Investments Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.