Common use of Cancellation of Surrendered Notes Clause in Contracts

Cancellation of Surrendered Notes. All Notes or portions thereof which have been used to exercise all or a portion of a Warrant, or which have been prepaid under Section 6 hereof, shall be canceled by the Company and no Notes shall be issued in lieu of the principal amount so used for such exercise or prepayment.

Appears in 5 contracts

Samples: Note and Warrant Purchase Agreement (Integral Vision Inc), Note and Warrant Purchase Agreement (Integral Vision Inc), Note and Warrant Purchase Agreement (Integral Vision Inc)

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Cancellation of Surrendered Notes. All Notes or portions thereof which have been used to exercise all or a portion of a Warrant, or which have been prepaid under Section 6 hereof, shall be canceled cancelled by the Company and no Notes shall be issued in lieu of the principal amount so used for such exercise or prepayment.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Medar Inc)

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