Common use of Exchange of Note Clause in Contracts

Exchange of Note. Upon receipt of a written notice of loss, theft, destruction or mutilation of the Note (and, if requested by the Borrowers, of a letter of indemnity from the Lender or its successors or assigns) and upon surrender for cancellation such Note if mutilated (in which event no indemnity shall be requested), the Borrowers shall execute and deliver a new Note of like tenor in lieu of such lost, stolen, destroyed or mutilated Note. 

Exchange of Note. Upon receipt of a written notice of loss, theft, destruction or mutilation of the a Note (and, if requested by the Borrowers, and of a bond or letter of indemnity from the Lender or its successors or assigns) and Agent Bank, upon surrender surrendering for cancellation such a Note if mutilated (in which event no indemnity shall be requestedrequired), the Borrowers Borrower shall execute and deliver a new Note of like tenor in lieu of any such lost, stolen, destroyed or mutilated Note, as the case may be. A Note issued pursuant to this Section 6.16 shall be dated so that neither gain nor loss of interest shall result therefrom.

Exchange of Note. Upon receipt of a written notice of loss, theft, destruction or mutilation of the Note (anda Note, if requested by the Borrowers, of a letter of indemnity from the Lender or its successors or assigns) and upon surrender surrendering such Note for cancellation such Note if mutilated (in which event no indemnity shall be requested)mutilated, the Borrowers shall execute and deliver a new Note or a Note of like tenor in lieu of such lost, stolen, destroyed or mutilated Note. Any Note issued pursuant to this Section 8.11 shall be dated so that neither gain nor loss of interest shall result therefrom.

Exchange of Note. Upon receipt of a written notice of loss, theft, destruction destruction, or mutilation of the Note (anda Note, if requested by the Borrowers, of a letter of indemnity from the Lender or its successors or assigns) and upon surrender surrendering such Note for cancellation such Note if mutilated (in which event no indemnity shall be requested)mutilated, the Borrowers shall execute and deliver a new Note or a Note of like tenor in lieu of such lost, stolen, destroyed destroyed, or mutilated Note. Any Note issued pursuant to this Section 6.11 shall be dated so that neither gain nor loss of interest shall result therefrom.

Exchange of Note. Upon receipt of a written notice of loss, theft, destruction destruction, or mutilation of the Note (anda Note, if requested by the Borrowers, of a letter of indemnity from the Lender or its successors or assigns) and upon surrender surrendering such Note for cancellation such Note if mutilated (in which event no indemnity shall be requested)mutilated, the Borrowers shall execute and deliver a new Note or a Note of like tenor in lieu of such lost, stolen, destroyed destroyed, or mutilated Note. Any Note issued pursuant to this Section 8.11 shall be dated so that neither gain nor loss of interest shall result therefrom.