Common use of Exchange of Notes Clause in Contracts

Exchange of Notes. Upon surrender of any Note at the office of the Company maintained pursuant to Section 6.4, duly endorsed or accompanied by a written instrument of transfer duly executed by the registered holder of such Note or such holder's attorney duly authorized in writing, the Company will execute and deliver, at the Company's expense (except as provided in Section 5.2(b)), a new Note or Notes in exchange therefor, in an aggregate principal amount equal to the unpaid principal amount of the surrendered Note. Each such new Note shall be payable to such Person as such holder may request and shall be substantially in the form of Exhibit A. Each such new Note shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Note or dated the date of the surrendered Note if no interest shall have been paid thereon. Each such new Note shall carry the same rights to unpaid interest and interest to accrue that were carried by the Note so exchanged or transferred. Notes shall not be transferred in denominations of less than One Million Dollars ($1,000,000), provided that a holder of Notes may transfer its entire holding of Notes regardless of the principal amount of such holder's Notes.

Appears in 1 contract

Samples: Note Purchase Agreement (Interstate Johnson Lane Inc)

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Exchange of Notes. Upon surrender of any Note at the office of the Company maintained pursuant to Section 6.43.3, duly endorsed or accompanied by a written instrument of transfer duly executed by the registered holder of such Note or such holder's attorney duly authorized in writing, the Company will execute and deliver, at the Company's expense (except as provided in Section 5.2(b2.2(b)), a new Note or Notes in exchange therefor, in an aggregate principal amount equal to the unpaid principal amount of the surrendered Note. Each such new Note shall be payable to registered in the name of such Person as such holder may request and shall be substantially in the form of Exhibit Attachment A. Each such new Note shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Note or dated the date of the surrendered Note if no interest shall have been paid thereon. Each such new Note shall carry the same rights to unpaid interest and interest to accrue that were carried by the Note so exchanged or transferred. Notes shall not be transferred in denominations of less than One Million Dollars ($1,000,000), provided that a holder of Notes may transfer its entire holding of Notes regardless of the principal amount of such holder's Notes.

Appears in 1 contract

Samples: Note Agreement (World Almanac Education Group Inc)

Exchange of Notes. Upon surrender of any Note at the office of the Company maintained pursuant to Section 6.4, 6.3 hereof duly endorsed or accompanied by a written instrument of transfer duly executed by the registered holder of such Note or such holder's attorney duly authorized in writing, the Company will execute and deliver, at the Company's expense (except as provided in Section 5.2(b)below), a new Note or Notes in exchange therefor, in an aggregate principal amount equal to the unpaid principal amount of the surrendered Note. Each such new Note shall be payable to such Person as such holder may request and shall be substantially in the form of Exhibit A. A hereto. Each such new Note shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Note or dated the date of the surrendered Note if no interest shall have been paid thereon. Each The Company may require payment of a sum sufficient to cover any stamp tax or governmental charge imposed in respect of any such new Note shall carry the same rights to unpaid interest and interest to accrue that were carried by the Note so exchanged or transferredtransfer of Notes. Notes shall not be transferred in denominations of less than One Million Two Hundred Thousand Dollars ($1,000,000), 200,000) provided that a holder of Notes may transfer its entire holding of Notes regardless of the principal amount of such holder's Notes.

Appears in 1 contract

Samples: Note Purchase Agreement (Seaboard Corp /De/)

Exchange of Notes. Upon surrender of any Note at the office of the Company maintained pursuant to Section 6.43.12, duly endorsed or accompanied by a written instrument of transfer duly executed by the registered holder of such Note or such holder's attorney duly authorized in writing, the Company will execute and deliver, at the Company's expense (except as provided in Section 5.2(b2.2(b)), a new Note or Notes in exchange therefor, in an aggregate principal amount equal to the unpaid principal amount of the surrendered Note. Each such new Note shall be payable to registered in the name of such Person as such holder may request and shall be substantially in the form of Exhibit A. Attachment A1 or Attachment A2, as the case may be with respect to such surrendered Note. Each such new Note shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Note or dated the date of the surrendered Note if no interest shall have been paid thereon. Each such new Note shall carry the same rights to unpaid interest and interest, interest to accrue and delivery of Warrants that were carried by the Note so exchanged or transferred. Notes shall not be transferred in denominations of less than One Million Dollars ($1,000,000)100,000, provided that a holder of Notes may transfer its entire holding of Notes regardless of the principal amount of such holder's Notes.

Appears in 1 contract

Samples: Note Agreement (Pameco Corp)

Exchange of Notes. Upon surrender of any Note at the office of the Company maintained pursuant to Section 6.4, 6.3 hereof duly endorsed or accompanied by a written instrument of transfer duly executed by the registered holder of such Note or such holder's attorney duly authorized in writing, the Company will execute and deliver, at the Company's expense (except as provided in Section 5.2(b)below), a new Note or Notes in exchange therefor, in an aggregate principal amount equal to the unpaid principal amount of the surrendered Note. Each such new Note shall be payable to such Person as such holder may request and shall be substantially in the form of Exhibit A. A hereto. Each such new Note shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Note or dated the date of the surrendered Note if no interest shall have been paid thereon. Each The Company may require payment of a sum sufficient to cover any stamp tax or governmental charge imposed in respect of any such new Note shall carry the same rights to unpaid interest and interest to accrue that were carried by the Note so exchanged or transferredtransfer of Notes. Notes shall not be transferred in denominations of less than One Million Two Hundred Thousand Dollars ($1,000,000), 200,000) provided that a holder of Notes may transfer its entire holding of Notes regardless of the principal amount of such holder's Notes. Any transferee, by its acceptance of a Note registered in its name (or the name of its nominee), shall be deemed to have made the representations set forth in Section 1.3.

Appears in 1 contract

Samples: Seaboard Corp /De/

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Exchange of Notes. Upon surrender of any Note at the office of the Company Registrar maintained pursuant to Section 6.43.3, duly endorsed or accompanied by a written instrument of transfer duly executed by the registered holder of such Note or such holder's attorney duly authorized in writing, the Company will execute and cause the Registrar to deliver, at the Company's expense (except as provided in Section 5.2(b2.2(b)), a new Note or Notes in exchange therefor, in an aggregate principal amount equal to the unpaid principal amount of the surrendered Note. Each such new Note shall be payable to registered in the name of such Person as such holder may request and shall be substantially in the form of Exhibit Attachment A. Each such new Note shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Note or dated the date of the surrendered Note if no interest shall have been paid thereon. Each such new Note shall carry the same rights to unpaid interest and interest to accrue that were carried by the Note so exchanged or transferred. Notes shall not be transferred in denominations of less than One Million Hundred Thousand Dollars ($1,000,000100,000), provided PROVIDED that a holder of Notes may transfer its entire holding of Notes regardless of the principal amount of such holder's Notes.

Appears in 1 contract

Samples: Securities Purchase Agreement (Able Telcom Holding Corp)

Exchange of Notes. Upon surrender of any Note at the office of the Company maintained pursuant to Section 6.4, 7.3 hereof duly endorsed or accompanied by a written instrument of transfer duly executed by the registered holder of such Note or such holder's his attorney duly authorized in writing, the Company will shall execute and deliver, at the Company's expense (except as provided in Section 5.2(b)below), a new Note or Notes of the same Series in exchange therefor, in denominations of at least One Hundred Thousand Dollars ($100,000) (except as may be necessary to reflect any principal amount not evenly divisible by One Hundred Thousand Dollars ($100,000)), in an aggregate principal amount equal to the unpaid principal amount of the surrendered Note. Each such new Note shall be payable to such Person as such holder may request request, shall be of the same Series as the surrendered Note and shall be substantially in the form of Exhibit A. A1 or Exhibit A2 hereto, as the case may be, corresponding to the Series of the surrendered Note. Each such new Note shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Note or dated the date of the surrendered Note if no interest shall have been paid thereon. Each The Company may require payment of a sum sufficient to cover any stamp tax or governmental charge imposed in respect of any such new Note shall carry the same rights to unpaid interest and interest to accrue that were carried by the Note so exchanged or transferred. Notes shall not be transferred in denominations transfer of less than One Million Dollars ($1,000,000), provided that a holder of Notes may transfer its entire holding of Notes regardless of the principal amount of such holder's Notes.

Appears in 1 contract

Samples: Selective Insurance Group Inc

Exchange of Notes. Upon surrender of any Note at the office of the Company maintained pursuant to Section 6.4Company, duly endorsed or accompanied by a written instrument of transfer duly executed by the registered holder of such Note or such holder's attorney duly authorized in writing, the Company Issuers will execute and deliver, at the Company's Issuers' expense (except as provided in Section 5.2(b2.2(b)), a new Note or Notes in exchange therefor, in an aggregate principal amount equal to the unpaid principal amount of the surrendered Note. Each such new Note shall be payable to registered in the name of such Person as such holder may request and shall be substantially in the form of Exhibit A. Each such new Note shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Note or dated the date of the surrendered Note if no interest shall have been paid thereon. Each such new Note shall carry the same rights to unpaid interest and interest to accrue that were carried by the Note so exchanged or transferred. Notes shall not be transferred to holders other than officers of the Company in denominations of less than One Million Five Hundred Thousand Dollars ($1,000,000500,000), provided that a any holder of Notes may transfer its entire holding of Notes regardless of the principal amount of such holder's Notes.

Appears in 1 contract

Samples: Note Agreement (Coho Energy Inc)

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