Common use of Procedures for Issuing Exchange Notes Clause in Contracts

Procedures for Issuing Exchange Notes. (a) Any Lender exchanging Loans for Exchange Notes pursuant to Section 3.3 shall deliver to the Borrower (as a condition to receipt of such Exchange Notes), within three Business Days following delivery of an Exchange Notice, promissory note(s) evidencing its Loans to be exchanged. Loans exchanged for Exchange Notes pursuant to Section 3.3 shall be deemed repaid and canceled, and (subject to the last sentence of Section 3.4(d)) upon receipt by such Lender of such Exchange Notes all Obligations with respect to such Loans shall be terminated. Such Exchange Notes shall be governed by and construed in accordance with the provisions of the Exchange Note Indenture.