Common use of Note Exchangeable for Different Denominations Clause in Contracts

Note Exchangeable for Different Denominations. The Notes are exchangeable, upon the surrender thereof by the Holder at the principal office of the applicable Borrower, for a new Note or Notes (in accordance with this Section 2.7) of like tenor in principal amounts of at least $100,000 representing in the aggregate the outstanding principal of the surrendered Note, and each such new Note will represent such portion of such outstanding principal as is designated by such Holder or such Lender at the time of such surrender.

Appears in 6 contracts

Samples: Financing Agreement (Elevate Credit, Inc.), Financing Agreement (Elevate Credit, Inc.), Financing Agreement (Elevate Credit, Inc.)

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Note Exchangeable for Different Denominations. The Notes are exchangeable, upon the surrender thereof by the Holder at the principal office of the applicable BorrowerBorrowers, for a new Note or Notes (in accordance with this Section 2.7) of like tenor in principal amounts of at least $100,000 250,000) representing in the aggregate the outstanding principal of the surrendered Note, and each such new Note will represent such portion of such outstanding principal as is designated by such the Holder or such Lender at the time of such surrender.

Appears in 3 contracts

Samples: Financing Agreement (Unigene Laboratories Inc), Financing Agreement (Jamba, Inc.), Financing Agreement (Unigene Laboratories Inc)

Note Exchangeable for Different Denominations. The Notes are exchangeable, upon the surrender thereof by the Holder at the principal office of the applicable BorrowerCompanies, for a new Note or Notes (in accordance with this Section 2.7) of like tenor 2.7 and in principal amounts of at least $100,000 250,000) representing in the aggregate the outstanding principal of the surrendered this Note, and each such new Note will represent such portion of such outstanding principal as is designated by such the Holder or such Lender at the time of such surrender.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Qsgi Inc.), Securities Purchase Agreement (Qsgi Inc.)

Note Exchangeable for Different Denominations. The Notes are exchangeable, upon the surrender thereof by the Lender or other Holder at the principal office of the applicable Borrower, for a new Note or Notes (in accordance with this Section 2.7) of like tenor in principal amounts of at least $100,000 representing in the aggregate the outstanding principal of the surrendered Note, and each such new Note will represent such portion of such outstanding principal as is designated by such the Lender or other Holder or such Lender at the time of such surrender.

Appears in 1 contract

Samples: Financing Agreement (Midwest Energy Emissions Corp.)

Note Exchangeable for Different Denominations. The Notes are exchangeable, upon the surrender thereof by the Holder at the principal office of the applicable Borrower, for a new Note or Notes (in accordance with this Section 2.7) of like tenor in principal amounts of at least $100,000 250,000) representing in the aggregate the outstanding principal of the surrendered Note, and each such new Note will represent such portion of such outstanding principal as is designated by such the Holder or such Lender at the time of such surrender.

Appears in 1 contract

Samples: Financing Agreement (Wave2Wave Communications, Inc.)

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Note Exchangeable for Different Denominations. The Notes are This Note is exchangeable, upon the surrender thereof hereof by the Holder Lender at the principal office of the applicable Borrower, for a new Note or Notes (in accordance with this Section 2.79(d)) of like tenor and in principal amounts of at least $100,000 100,000) representing in the aggregate the outstanding principal of the surrendered this Note, and each such new Note will represent such portion of such outstanding principal as is designated by such Holder or such the Lender at the time of such surrender.

Appears in 1 contract

Samples: Intercreditor Agreement (Function(x) Inc.)

Note Exchangeable for Different Denominations. The Notes are exchangeable, upon the surrender thereof by the Holder at the principal office of the applicable BorrowerBorrower Representative, for a new Note or Notes (in accordance with this Section 2.7) of like tenor in principal amounts of at least $100,000 250,000) representing in the aggregate the outstanding principal of the surrendered Note, and each such new Note will represent such portion of such outstanding principal as is designated by such the Holder or such Lender at the time of such surrender.

Appears in 1 contract

Samples: Financing Agreement (SOCIAL REALITY, Inc.)

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