Common use of Cancellation and Issuance Clause in Contracts

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:

Appears in 2 contracts

Samples: Senior Loan Agreement (DSW Inc.), Senior Loan Agreement (Retail Ventures Inc)

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Cancellation and Issuance. If any Lender assigns or otherwise transfers all or any of its Loan Loans (including by selling participations therein) to any Person, such Lender may request (upon 10 days' prior notice to the ParentBorrower) 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 Borrower to the Person to whom such Loan is Loans are being assigned or otherwise transferred. Upon the date specified in such request:

Appears in 2 contracts

Samples: Financing Agreement (Xanodyne Pharmaceuticals Inc), Financing Agreement (Xanodyne Pharmaceuticals Inc)

Cancellation and Issuance. If any the Lender assigns or otherwise transfers all or any of its the Loan (including by selling participations therein) to any Person, such the Lender may request (upon 10 days' prior notice to the ParentLead Borrower) that (a) a number of Conversion Warrants held by such the Lender be canceled on the date of such assignment and transfer and (b) a like number of Conversion Warrants be issued by the Parent Lead Borrower to the Person to whom such Loan is being assigned or otherwise transferred. Upon the date specified in such request:

Appears in 1 contract

Samples: Loan Agreement (Natural Wonders Inc)

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Cancellation and Issuance. If any the Lender assigns or ------------------------- otherwise transfers all or any of its the Term Loan (including by selling participations therein) to any Person, such the Lender may request (upon 10 days' prior notice to the ParentBorrower) that (a) a number of Conversion Warrants held by such the Lender be canceled on the date of such assignment and transfer and (b) a like number of Conversion Warrants be issued by the Parent Borrower to the Person to whom such Loan is Loans are being assigned or otherwise transferred. Upon the date specified in such request:

Appears in 1 contract

Samples: Term Loan Agreement (Polyphase Corp)

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