Cancellation of the Notes. All Notes redeemed under this Article 3 shall forthwith be delivered to the Trustee and shall be cancelled by it and will not be reissued or resold, and except as provided in subsection 3.2.2, no Notes shall be issued in substitution therefor.
Cancellation of the Notes. Xxxxxx hereby assigns, transfers and surrenders for cancellation each of the Transferred Notes to the Company. Simultaneously with the execution of this Agreement, Xxxxxx shall deliver to the Company each of the Transferred Note, duly endorsed as terminated and cancelled. Xxxxxx acknowledges that upon its receipt of the Settlement Shares pursuant to Section 1(b) above and delivery of the Transferred Notes pursuant to this Section, it shall have no further rights to any payments under the Transferred Notes.
Cancellation of the Notes. The Company and the Holder agree that, upon issuance of the Series A Preferred Stock, the Note Transaction Documents shall be cancelled in full and of no further force or effect and will destroy all certificates and/or documents with the Company’s original signature evidencing the Note Transaction Documents. The Holder agrees that, upon issuance and delivery by the Company of the Series A Preferred Stock, all executory and other provisions of the Note Transaction Documents (including all agreements and documents relating to any amendments and exchanges thereto) shall be deemed cancelled in full and of no further force or effect with respect to the Company or the Holder. Additionally, simultaneously with the issuance and delivery by the Company of the Series A Preferred Stock, the Holder, or in the alternative the Company, shall cause the filing of UCC-3’s to terminate all of the UCC-1’s filed pursuant to the Note Transaction Documents.
Cancellation of the Notes. In addition to its rights under Section 8.1, the Company may satisfy and be discharged from all of its obligations under this Indenture (subject to Section 8.3) when:
Cancellation of the Notes. If the Business Combination Agreement is terminated by DUET, in the event that the Business Combination Agreement is not signed by the 31 July 2023 (or such later date that may be mutually agreed between the parties), or that if the PCAOB audited financial statements by the Purchaser have not been delivered by the date stipulated in the Business Combination Agreement, then the principal amount of the loans disbursed by the Company to DUET shall be forgiven, and the balance of the principal amount of the Notes not disbursed by the Company to DUET will be returned to the Purchaser.
Cancellation of the Notes. No Notes may be cancelled under this Indenture unless and until the Guarantee Legend thereon has been cancelled. The Indenture Trustee shall cancel any such Notes in accordance with its customary practices in effect from time to time. The Issuer may not issue a new Note to replace a Note it has redeemed, paid or delivered to the Indenture Trustee for cancellation except as otherwise expressly provided in this Indenture.
Cancellation of the Notes. As of the Effective Date, LCPI, as the holder of all of the Subordinated Notes, agrees, and the Trustee, at the direction of LCPI, acknowledges that (i) all sums payable by the Co-Issuers under the Transaction Documents have been paid and (ii) all of the obligations of the Issuer and Co-Issuer in respect of the Subordinated Notes have been fully extinguished, and LCPI further agrees that it shall surrender all of the Subordinated Notes to the Trustee for cancellation in accordance with the terms of the Indenture prior to the Closing Time.
Cancellation of the Notes. Upon receipt of the Notes from Funding, the Company shall promptly deliver all of the Notes to the Trustee for cancellation in accordance with the terms of the Indenture.
Cancellation of the Notes. Takam hereby assigns, transfers and surrenders for cancellation each of the Transferred Notes to the Company. Simultaneously with the execution of this Agreement, Takam shall deliver to the Company each of the Transferred Note, duly endorsed as terminated and cancelled. Takam acknowledges that upon its receipt of the Settlement Shares pursuant to Section 1(b) above and delivery of the Transferred Notes pursuant to this Section, it shall have no further rights to any payments under the Transferred Notes.
Cancellation of the Notes. The Notes are hereby cancelled.
