Common use of Note Exchangeable for Different Denominations Clause in Contracts

Note Exchangeable for Different Denominations. This Note is exchangeable, upon the surrender hereof by the Registered Holder at the principal office of SMEI, without expense to the Registered Holder, for a Note or Notes, dated as of the date to which interest has been paid on the unpaid principal amount of the Note or Notes so exchanged, or, if no interest has been paid thereon, then dated as of the date of the Note or Notes so exchanged, each in the principal amount $1,000 or any multiple thereof, for the same aggregate unpaid principal amount as the Note or Notes so surrendered for exchange and each payable to such Person or Persons, or order, as may be designated by such Registered Holder; provided, however, that upon any such exchange there shall be filed with the Borrowers the name and address for all purposes hereof of the payee of each Note delivered in exchange for this Note and such exchanged Note shall in all other respects be in the same form and have the same terms as this Note.

Note Exchangeable for Different Denominations. This Note is exchangeable, upon the surrender hereof by the Registered Holder at the principal office of SMEIthe Company, without expense to the Registered Holder, for a Note or Notes, dated as of the date to which interest has been paid on the unpaid principal amount of the Note or Notes so exchanged, or, if no interest has been paid thereon, then dated as of the date of the Note or Notes so exchanged, each in the principal amount $1,000 or any multiple thereof, for the same aggregate unpaid principal amount as the Note or Notes so surrendered for exchange and each payable to such Person or Persons, or order, as may be designated by such Registered Holder; provided, however, that upon any such exchange there shall be filed with the Borrowers Company the name and address for all purposes hereof of the payee of each Note delivered in the exchange for this Note and such exchanged Note shall in all other respects be in the same form and have the same terms as this Note.