Common use of Exchange or Replacement of Notes Clause in Contracts

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 holder Holder of any Note or NotesNote, at its option, such Holder's option may in person or by duly authorized attorney surrender one or more thereof such Note for exchange, at the principal executive offices office or agency of the MakerCompany maintained pursuant to Section 6(a) of this Note, 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 outstanding 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 most recent Interest Payment Date on the Note or Notes so surrendered and to be in such outstanding principal amount and payable to such person or persons, or order, as such holder Holder may designate in writing; provided, however, that the Maker Company 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 a name other than that of the holder Holder of the Note or Notes surrendered in exchange therefor; provided, further, however, that the Company shall not be required to so register the transfer unless the conditions for transfer in the Purchase Agreement have been satisfied. Five days' The Holder shall give to the Company 10 days prior written notice of the holdersuch Xxxxxx's intention to make such exchange shall be given to the Makerexchange.

Exchange or Replacement of Notes. (a) The holder Holder of any Note or NotesNote, at its option, such Holder s option may in person or by duly authorized attorney surrender one or more thereof such Note for exchange, at the principal executive offices office or agency of the MakerCompany maintained pursuant to Section 6(a) of this Note, 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 outstanding 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 most recent Interest Payment Date on the Note or Notes so surrendered and to be in such outstanding principal amount and payable to such person or persons, or order, as such holder Holder may designate in writing; provided, however, that the Maker Company 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 a name other than that of the holder Holder of the Note or Notes surrendered in exchange therefor; provided, further, however, that the Company shall not be required to so register the transfer unless the conditions for transfer in the Purchase Agreement have been satisfied. Five days' The Holder shall give to the Company 10 days prior written notice of the holder's such Holder s intention to make such exchange shall be given to the Makerexchange.