Common use of Cancellation of Note Clause in Contracts

Cancellation of Note. Upon payment in full of the outstanding principal balance of this Note and accrued and unpaid interest thereon, this Note will be automatically cancelled and the Company’s payment obligations hereunder will be extinguished.

Appears in 2 contracts

Samples: Strategic Alliance Agreement (Athersys, Inc / New), Strategic Alliance Agreement (Athersys, Inc / New)

AutoNDA by SimpleDocs

Cancellation of Note. Upon payment in full of the outstanding principal balance of this Note and any charges, costs and accrued and unpaid interest thereon, this Note will be automatically cancelled and the CompanyMaker’s payment obligations hereunder will be extinguished.

Appears in 2 contracts

Samples: Energy Focus, Inc/De, Energy Focus, Inc/De

Cancellation of Note. Upon payment satisfaction in full of the outstanding principal balance of this Note by way of conversion or payment and payment of all accrued and unpaid interest thereoninterest, this Note will be automatically cancelled and the CompanyMaker’s payment obligations hereunder will be extinguished.

Appears in 1 contract

Samples: Ctpartners Executive Search LLC

AutoNDA by SimpleDocs

Cancellation of Note. Upon payment in full of the outstanding principal balance of this Note Note, and accrued and unpaid interest thereoninterest, this Note will be automatically cancelled and the Company’s payment obligations hereunder will be extinguished.

Appears in 1 contract

Samples: General Employment Enterprises Inc

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!