Cancellation of the Note. Holder hereby assigns, transfers and surrenders for cancellation the Note to the Company. Simultaneously with the execution of this Agreement, Holder shall deliver to the Company the Note, duly endorsed as terminated and cancelled. Holder acknowledges that upon Holder’s receipt of the Settlement Shares and the Penalty Shares pursuant to Section 2(b) above, Holder shall have no further rights to any payments under the Note.
Cancellation of the Note. Upon execution of this Agreement, Baron will immediately tender to the Corporation the cancelled Note and will do all that is necessary to ensure that the Note is cancelled in compliance will all applicable laws, covenants, and restrictions.
Cancellation of the Note. Contemporaneously with the execution of this Agreement, Purchaser will delivery the originally copy of the Note to the Company, which will be marked “CANCELLED.”
Cancellation of the Note. Concurrent with the payment in full of the Promissory Note provided for in paragraph 2.2 of this Agreement, Seller shall deliver to the Company the Promissory Note with a written notation, "This Promissory Note has been paid in full," affixed to the face of the Promissory Note and signed by an officer authorized by Seller.
Cancellation of the Note. As a condition precedent to the effectiveness of this Agreement, Equitis shall deliver an original copy of the Note to the Company and hereby authorizes and directs the Company to xxxx the Note cancelled and paid in full.
Cancellation of the Note. Pursuant to Section 21 of the Note, upon completion of the Final Share Conversion and delivery to the Holder of the 13,092,242 shares of the Company common stock to be issued pursuant to the Final Share Conversion, the Note shall be deemed cancelled.
Cancellation of the Note. Immediately upon the execution of this Agreement by the parties and the Closing of the Transaction under the SPA, the Note shall be deemed to be irrevocably cancelled and terminated and all indebtedness and obligations owing under the Note to be forgiven. Immediately thereafter, the Lender shall mxxx the Note as cancelled and shall surrender the cancelled Note to the Borrower. After giving effect to this Agreement, the Lender confirms that there are no obligations owing to the Lender by the Borrower. The Lender hereby releases the Borrower, effective as of the date hereof, from any claim, cause of action or liability at any time arising prior to the date hereof out of or with respect to the Note and the transactions contemplated thereby.
Cancellation of the Note. Concurrent with execution of this Agreement, Hrissikopoulos shall return the original signed Note to the Company for immediate cancellation, the Company shall have no further obligations under the Note, and Hrissikopoulos shall have no further rights, to repayment or otherwise, under the Note.
Cancellation of the Note. Upon execution of this Agreement, the Plaintiffs shall cause the Note to be marked "CANCELLED" and returned to VSC, and the Note shall be of no further force or effect.
Cancellation of the Note. The Marins agree that upon the execution of this Agreement and the delivery to the Marins of the Consideration described above, the Owed Amount will be cancelled and forgiven in its entirety, and the Marins shall have no right to the Owed Amount as of the Effective Date.
