Common use of Existing Note and New Notes Clause in Contracts

Existing Note and New Notes. Pursuant to Section 12.15 of the Financing Agreement, Borrower shall deliver to the Assignee[s] and the Assignor duly authorized and executed new Notes for [each of] the Assignee[s] and the Assignor, in each case in principal amounts reflecting their Loans and/or LC Commitment as set forth in the “Resulting Interest” column in Schedule I, and, promptly after the delivery by Borrower of such new Notes and the occurrence of the Effective Date, the Assignor shall deliver to Borrower the superseded Note of the Assignor marked “cancelled and replaced.”