Exchange or Replacement of Notes. (a) The holder of any Note or Notes, at its option, may in person or by duly authorized attorney surrender one or more thereof for exchange, at the principal executive offices of the Maker, and at the expense of the Maker receive in exchange therefor a new Note or Notes in the same aggregate principal amount as the aggregate unpaid principal amount of the Note or Notes so surrendered and bearing interest at the same annual rate as the Note or Notes so surrendered, each such new Note to be dated as of the date to which interest has been paid on the Note or Notes so surrendered and to be in such principal amount and payable to such person or persons, or order, as such holder may designate in writing; provided, however, that the Maker shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any new Note in the name other than that of the holder of the Note or Notes surrendered in exchange therefor. Five days' prior written notice of the holder's intention to make such exchange shall be given to the Maker.
Exchange or Replacement of Notes. (a) The Investor may, at its option, in person or by duly authorized attorney, surrender this Note for exchange, at the principal business office of the Company, and receive in exchange therefore, a new Note in the same principal amount as the unpaid principal amount of this Note and bearing interest at the same annual rate as this Note, each such new Note to be dated as of the date of this Note and to be in such principal amount as remains unpaid and payable to such person or persons, or order, as the Investor may designate in writing.
Exchange or Replacement of Notes. Upon receipt of evidence satisfactory to the Company of the loss, theft, destruction or mutilation of this Note, the Company, upon delivery of a bond of indemnity satisfactory to it (or in case of mutilation upon surrender and cancellation of such Note), will issue a new Note of like tenor in lieu of such lost, stolen, destroyed or mutilated Note.
Exchange or Replacement of Notes. (a) The Purchaser may, at its option, in person or by duly authorized attorney, surrender this Note for exchange, at the principal business office of the Company, and receive in exchange therefore, a new Note in the same principal amount as the unpaid principal amount of this Note and bearing interest at the same annual rate as this Note, each such new Note to be dated as of the date of this Note and to be in such principal amount as remains unpaid and payable to such person or persons, or order, as the Purchaser may designate in writing; provided that any such transfer of this Note complies with all applicable securities laws.
Exchange or Replacement of Notes. (a) The holder of any Note or Notes, at its option, may in person or by duly authorized attorney surrender one or more thereof for exchange, at the principal executive offices of the Maker, and at the expense of the Maker receive in exchange therefor a new Note or Notes in the same aggregate principal amount as the aggregate unpaid principal amount of the Note or Notes so surrendered and bearing interest at the same annual rate as the Note or Notes so surrendered, each such new Note to be dated as of the date to which interest has been paid on the Note or Notes so surrendered and to be in such principal amount and payable to such person or persons, or order, as such holder may designate in writing; provided, however, that the Maker shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any new Note in the name other than that of the holder of the Note or Notes surrendered in exchange therefor. Five days' prior written notice of the holder's intention to make such exchange shall be given to the Maker. the Maker), and upon surrender and cancellation of this Note, if mutilated, the Maker, upon reimbursement to it of all reasonable expenses incidental thereto, will make and deliver a new Note, of like tenor in lieu of this Note. Any Note made and delivered in accordance with the provisions of this paragraph (b) shall be dated as of the date to which interest has been paid on this Note.
Exchange or Replacement of Notes. (a) The Investor may, at its option, in person or by duly authorized attorney, surrender this Note for exchange, at the principal business office of Baywood International, and receive in exchange therefore, a new Note in the same principal amount as the unpaid principal amount of this Note and bearing interest at the same annual rate as this Note, each such new Note to be dated as of the date of this Note and to be in such principal amount as remains unpaid and payable to such person or persons, or order, as the Investor may designate in writing.
Exchange or Replacement of Notes. The Company will at any time at its expense upon the request of a holder of a Note and upon surrender of such Note for the purpose, issue a new Note in exchange therefor payable to the order of such holder or such person or persons as may be designated by such holder (provided that there is compliance with Section 10 hereof), dated on the date to which interest has been paid on the surrendered Note, in denominations of $1,000 or any integral multiple thereof, in the aggregate principal amount of the unpaid principal amount of the Note surrendered and substantially in the form of the Note surrendered with appropriate variations. Upon receipt of evidence satisfactory to the Company of the loss, theft, destruction or mutilation of a Note, and in case of loss, theft or destruction upon delivery of a bond of indemnity satisfactory to the Company, or in case of mutilation upon surrender and cancellation of such Note, the Company will issue a new Note of like tenor in lieu of such lost, stolen, destroyed or mutilated Note.
