Common use of Replacement Promissory Note Clause in Contracts

Replacement Promissory Note. Upon receipt of an affidavit of an officer of the Bank as to the loss, theft, destruction or mutilation of any Note or any other security document which is not of public record, and, in the case of any such loss, theft, destruction or mutilation, upon surrender and cancellation of such Note or other security document, Borrower will issue, in lieu thereof, a replacement Note or other security document in the same principal amount thereof and otherwise of like tenor.

Appears in 2 contracts

Samples: Credit Agreement (Transact Technologies Inc), Credit Agreement (First Aviation Services Inc)

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Replacement Promissory Note. Upon receipt of an affidavit of an officer of the Bank a Lender as to the loss, theft, destruction or mutilation of any a Note issued to such Lender or any other security document which is not of public record, and, in the case of any such loss, theft, destruction or mutilation, upon surrender and cancellation of such Note or other security document, Borrower Borrowers will issue, in lieu thereof, a replacement Note note or other security document in the same principal amount thereof and otherwise of like tenor.

Appears in 2 contracts

Samples: Credit Agreement (Baldwin Technology Co Inc), Credit Agreement (Baldwin Technology Co Inc)

Replacement Promissory Note. Upon receipt of an affidavit of an officer of the Bank as to the loss, theft, destruction or mutilation of any the Note or any other security document which is not of public record, and, in the case of any such loss, theft, destruction or mutilation, upon surrender and cancellation of such the Note or other security document, the Borrower will issue, in lieu thereof, a replacement Note or other security document in the same principal amount thereof and otherwise of like tenor.

Appears in 1 contract

Samples: Credit Agreement (Transact Technologies Inc)

Replacement Promissory Note. Upon receipt of an --------------------------- affidavit of an officer of the Bank Xxxx as to the lossloss , theft, destruction or mutilation of any the Note or any other security document which is not of public record, and, in the case of any such loss, theft, destruction or mutilation, upon surrender and cancellation of such Note or other security document, the Borrower will issue, in lieu thereof, a replacement Note or other security document in the same principal amount thereof and otherwise of like tenor.

Appears in 1 contract

Samples: Credit Agreement (Mercator Software Inc)

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Replacement Promissory Note. Upon receipt of an affidavit of an officer of the Bank as to the loss, theft, destruction or mutilation of any Note or any other security document which is not of public record, and, in the case of any such loss, theft, destruction or mutilation, upon surrender and cancellation of such Note or other security document, Borrower will issue, in lieu thereof, a replacement Note or other security document in the same principal amount thereof and otherwise of like tenor.. 188

Appears in 1 contract

Samples: Credit Agreement (Tridex Corp)

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