Common use of Cancellation of Portion of Note Paid Clause in Contracts

Cancellation of Portion of Note Paid. All portions of this Note surrendered for the purposes of payment, repurchase, redemption, conversion or registration of transfer shall, if surrendered to the Issuer, be promptly canceled by the Issuer, and in the case of a transfer, replaced with one or more Notes reflecting such transfer.

Appears in 2 contracts

Samples: Convertible Note Purchase Agreement (DiamondHead Holdings Corp.), Convertible Note Purchase Agreement (DiamondHead Holdings Corp.)

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Cancellation of Portion of Note Paid. All portions of this Note surrendered for the purposes of payment, repurchase, redemption, conversion or registration of transfer shall, if surrendered to the Issuer, be promptly canceled by the Issuer, and in the case of a transfer, replaced with one or more Notes reflecting such transfer.. ​

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (United Homes Group, Inc.)

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Cancellation of Portion of Note Paid. All portions of this Note surrendered for the purposes purpose of payment, repurchase, redemption, conversion or registration of transfer transfer, shall, if surrendered to the IssuerBorrower, be promptly canceled by the Issuer, and in the case of a transfer, replaced with one or more Notes reflecting such transferit.

Appears in 1 contract

Samples: Security Agreement (Yield10 Bioscience, Inc.)

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