Common use of Exchange of Documents Clause in Contracts

Exchange of Documents. The certificates representing the Shares shall be delivered to the Holder as soon as practicable. Upon receipt of the Shares, (i) the Holder will mark the Promissory Note as "Paid" and will transfer the Promissory Xxte to the Company, and (ii) the Company shall record the payment of the Promissory Note on its books and records.

Appears in 2 contracts

Samples: Agreement to Convert Debt (Us Global Nanospace Inc), Agreement to Convert Debt (Us Global Nanospace Inc)

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Exchange of Documents. The certificates representing the Shares shall be delivered to the Holder as soon as practicable. Upon receipt of the Shares, (i) the Holder will mark the Promissory Note as "Paid" and will transfer the Promissory Xxte Xxxx to the Company, and (ii) the Company shall record the payment of the Promissory Note on its books and records.

Appears in 2 contracts

Samples: Agreement to Convert Debt (Robinson John), Agreement to Convert Debt (Robinson John)

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