Cancellation and Issuance. If any Lender assigns or otherwise transfers all or any of its Loan (including by selling participations therein) to any Person, such Lender may request (upon 10 days' prior notice to the Parent) that (a) a number of Conversion Warrants held by such Lender be canceled on the date of such assignment and transfer and (b) a like number of Conversion Warrants be issued by the Parent to the Person to whom such Loan is being assigned or otherwise transferred. Upon the date specified in such request:
Cancellation and Issuance. 1.2.1 Upon execution of this Agreement by the Parties,
Cancellation and Issuance. Each Warrantholder acknowledges and agrees that except in accordance with all applicable securities laws, such Warrantholder may not sell, convey, transfer, pledge, hypothecate or otherwise dispose of any Warrants. If a Warrantholder assigns or otherwise transfers all or any of its Loans (including by selling participations therein) to any Person, such Warrantholder may request (upon three Business Days’ prior notice to the Parent) that (a) a number of Warrants held by such Warrantholder be canceled on the date of such assignment and transferred and (b) a like number of Warrants be issued by the Parent to the Person to whom such Loans are being assigned or otherwise transferred. If the Parent receives such a request for a transfer, then upon the date specified in such request: 107
Cancellation and Issuance. If Foothill assigns or otherwise transfers all or any of its portion of the Advances or the Term Loan (including by selling participations therein) to any Person, Foothill may request (upon 10 days' prior notice to the Parent) that (a) a number of Warrants held by Foothill be canceled on the date of such assignment and transfer and (b) a like number of Warrants be issued by the Parent to the Person to whom such Obligations are being assigned or otherwise transferred. Upon the date specified in such request:
Cancellation and Issuance. The Committee may, as it's sole discretion, subject to the provision of the Plan, cancel outstanding Option and issue replacement Options under the Plan under terms and at exercise prices it deems beneficial to the Company and the Optionees, to further the purposes of the Plan. Notwithstanding this paragraph 10, no Option may be canceled, or otherwise amended or modified, without the written consent of the Optionee. THE HARTCOURT COMPANIES. INC. STOCK OPTION AGREEMENT UNDER 1995 INCENTIVE STOCK OPTION PLAN --------------------- Date: _, 199_ The Hartcourt Companies, Inc., a Utah corporation (the "Company"), hereby grants to ***** (the "optionee"), pursuant to the 1995 Incentive Stock Option Plan of the Company (the "Plan"), a copy of which is appended hereto and made a part hereof as Schedule I, an option to purchase a total of (______ shares of Common Stock of the Company at a price of *****DOLLARS ($***) per share (subject to adjustment as provided in Section 6(i) of the Plan), on the terms and conditions set forth in the Plan and hereinafter. This option shall not be exercisable later than on _______, 200___ (hereinafter referred to as the "Expiration Date"), except as otherwise provided in paragraphs 6(e) and 6(f) of the Plan in the event of termination of employment, death or disability of the Optionee.
Cancellation and Issuance. If Holder assigns or otherwise transfers all or any of its portion of the Term Loans (including by selling participations therein) to any Person, Holder may request (upon 10 days' prior notice to the Parent) that (a) a number of Warrants held by Holder be canceled on the date of such assignment and transfer and (b) a like number of Warrants be issued by the Parent to the Person to whom such Obligations are being assigned or otherwise transferred. Upon the date specified in such request:
Cancellation and Issuance. 2.2.1 Upon execution of this Agreement by the Parties, the Exchange shall be effective, the notes representing the Original Note will be deemed cancelled and the Exchange Note shall be deemed issued;
Cancellation and Issuance. If Holdco assigns or otherwise transfers all or any of its Loans (including by selling participations therein) to any Person, Holdco may request (upon 10 days’ prior notice to the Parent) that (a) a number of Warrants held by Holdco be canceled on the date of such assignment and transfer and (b) a like number of Warrants be issued by the Parent to the Person to whom such Loans are being assigned or otherwise transferred. Upon the date specified in such request:
Cancellation and Issuance. If any Lender with a Term Loan B Commitment assigns or otherwise transfers all or any of its Term Loans B (including by selling participations therein) to any Person, such Lender may request (upon 10 days' prior notice to the Parent) that (a) a number of Warrants held by such Lender be canceled on the date of such assignment and transfer and (b) a like number of Warrants be issued by the Parent to the Person to whom such Term Loans B are being assigned or otherwise transferred. Upon the date specified in such request:
Cancellation and Issuance. 92 LOAN AND SECURITY AGREEMENT THIS LOAN AND SECURITY AGREEMENT (this "Agreement"), is entered into as of July 23, 2001, between and among, on the one hand, the lenders identified on the signature pages hereof (such lenders, together with their respective successors and assigns, are referred to hereinafter each individually as a "Lender" and collectively as the "Lenders"), FOOTHILL CAPITAL CORPORATION, a California corporation, as the arranger and administrative agent for the Lenders ("Agent"), and, on the other hand, SCB COMPUTER TECHNOLOGY, INC., a Tennessee corporation ("Parent"), and each of Parent's Subsidiaries identified on the signature pages hereof (such Subsidiaries, together with Parent, are referred to hereinafter each individually as a "Borrower", and individually and collectively, jointly and severally, as the "Borrowers"). The parties agree as follows:
