Prepayment of Portion of Note. Upon any prepayment of a portion ----------------------------- of the principal amount of this Note, the Holder, at his option, (i) may require the Company to execute and deliver at the expense of the Company a new Note dated as of the date to which interest on this Note has been paid, and payable to such person or persons as may be designated by the Holder, for the aggregate principal amount of this Note then remaining unpaid, upon surrender of this Note and payment of applicable transfer taxes, if any, or (ii) may present this Note to the Company for notation hereon of the payment of the portion of the principal amount of this Note so prepaid.
Appears in 3 contracts
Samples: Secured Promissory Note (Caprius Inc), Secured Promissory Note (Caprius Inc), Unsecured Promissory Note (Caprius Inc)
Prepayment of Portion of Note. Upon any prepayment of a portion ----------------------------- of the principal amount of this Note, the Holder, at his option, (i) may require the Company to execute and deliver at the expense of the Company a new Note dated as of the date to which interest on this Note has been paid, and payable to such person or persons as may be designated by the Holder, for the aggregate principal amount of this Note then remaining unpaid, upon surrender of this Note and payment of applicable transfer taxes, if any, or (ii) may present this Note to the Company for notation hereon of the payment of the portion of the principal amount of this Note so prepaid.
Appears in 2 contracts
Samples: Convertible Note (Rxbazaar Inc), Convertible Promissory Note (Caprius Inc)
Prepayment of Portion of Note. Upon any prepayment of a portion of ----------------------------- of the principal amount of this Note, the Holder, at his option, (i) may require the Company to execute and deliver at the expense of the Company a new Note dated as of the date to which interest on this Note has been paid, and payable to such person or persons as may be designated by the Holder, for the aggregate principal amount of this Note then remaining unpaid, upon surrender of this Note and payment of applicable transfer taxes, if any, or (ii) may present this Note to the Company for notation hereon of the payment of the portion of the principal amount of this Note so prepaid.
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