Common use of Cancellation of Beneficial Interest in Prior Notes Clause in Contracts

Cancellation of Beneficial Interest in Prior Notes. Upon and subject to the terms of this Agreement, the Holder hereby agrees, at the Closing (as defined below), to exchange, transfer, cancel and assign all of its right, title, interest and beneficial interest in and to that portion of the Prior Notes set forth opposite the name of such Holder on Appendix I to the Company in exchange for the issuance of New Notes in the principal amount set forth opposite the name of such Holder on Appendix I hereto which in the aggregate amount as issued to the Holder shall equal $13,978,000. After the cancellation, the Holder shall have no further right, title, interest or beneficial interest in the Prior Notes.

Appears in 1 contract

Samples: Exchange Agreement (Nektar Therapeutics)

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Cancellation of Beneficial Interest in Prior Notes. Upon and subject to the terms of this Agreement, the Holder hereby agrees, at the Closing (as defined below), to exchange, transfer, cancel and assign all of its right, title, interest and beneficial interest in and to that portion of the Prior Notes set forth opposite the name of such Holder on Appendix I to the Company in exchange for the issuance of New Notes in the principal amount set forth opposite the name of such Holder on Appendix I hereto which in the aggregate amount as issued to the Holder shall equal $13,978,00013,987,000. After the cancellation, the Holder shall have no further right, title, interest or beneficial interest in the Prior Notes.

Appears in 1 contract

Samples: Exchange Agreement (Nektar Therapeutics)

Cancellation of Beneficial Interest in Prior Notes. Upon and subject to the terms of this Agreement, the Holder each Holder, severally and not jointly hereby agrees, at the Closing (as defined below), to exchange, transfer, cancel and assign all of its right, title, interest and beneficial interest in and to that portion of the Prior Notes set forth opposite the name of such Holder on Appendix I to the Company in exchange for the issuance of New Notes in the principal amount set forth opposite the name of such Holder on Appendix I hereto which in the aggregate amount as issued to the Holder all Holders shall equal $13,978,00018,472,000. After the cancellation, the Holder Holders shall have no further right, title, interest or beneficial interest in the Prior Notes.

Appears in 1 contract

Samples: Exchange Agreement (Nektar Therapeutics)

Cancellation of Beneficial Interest in Prior Notes. Upon and subject to the terms of this Agreement, the Holder each Holder, severally and not jointly, hereby agreesagree, at the Closing (as defined below), to exchange, transfer, cancel and assign all of its right, title, interest and beneficial interest in and to that portion of the Prior Notes set forth opposite the name of such Holder Holders on Appendix I to the Company in exchange for the issuance of New Notes in the principal amount set forth opposite the name of such Holder Holders on Appendix I hereto which in the aggregate amount as issued to the Holder all Holders shall equal $13,978,0001,368,000. After the cancellation, the Holder Holders shall have no further right, title, interest or beneficial interest in the Prior Notes.

Appears in 1 contract

Samples: Exchange Agreement (Nektar Therapeutics)

Cancellation of Beneficial Interest in Prior Notes. Upon and subject to the terms of this Agreement, the Holder each Holder, severally and not jointly, hereby agreesagree, at the Closing (as defined below), to exchange, transfer, cancel and assign all of its right, title, interest and beneficial interest in and to that portion of the Prior Notes set forth opposite the name of such Holder Holders on Appendix I to the Company in exchange for the issuance of New Notes in the principal amount set forth opposite the name of such Holder Holders on Appendix I hereto which in the aggregate amount as issued to the Holder all Holders shall equal $13,978,0006,925,000. After the cancellation, the Holder Holders shall have no further right, title, interest or beneficial interest in the Prior Notes.

Appears in 1 contract

Samples: Exchange Agreement (Nektar Therapeutics)

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Cancellation of Beneficial Interest in Prior Notes. Upon and subject to the terms of this Agreement, the Holder each Holder, severally and not jointly hereby agrees, at the Closing (as defined below), to exchange, transfer, cancel and assign all of its right, title, interest and beneficial interest in and to that portion of the Prior Notes set forth opposite the name of such Holder on Appendix I to the Company in exchange for the issuance of New Notes in the principal amount set forth opposite the name of such Holder on Appendix I hereto which in the aggregate amount as issued to the Holder all Holders shall equal $13,978,00015,119,000. After the cancellation, the Holder Holders shall have no further right, title, interest or beneficial interest in the Prior Notes.

Appears in 1 contract

Samples: Exchange Agreement (Nektar Therapeutics)

Cancellation of Beneficial Interest in Prior Notes. Upon and subject to the terms of this Agreement, the Holder each Holder, severally and not jointly, hereby agreesagree, at the Closing (as defined below), to exchange, transfer, cancel and assign all of its right, title, interest and beneficial interest in and to that portion of the Prior Notes set forth opposite the name of such Holder Holders on Appendix I to the Company in exchange for the issuance of New Notes in the principal amount set forth opposite the name of such Holder Holders on Appendix I hereto which in the aggregate amount as issued to the Holder all Holders shall equal $13,978,0003,417,000. After the cancellation, the Holder Holders shall have no further right, title, interest or beneficial interest in the Prior Notes.

Appears in 1 contract

Samples: Exchange Agreement (Nektar Therapeutics)

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