Common use of Return and Cancellation of Notes Clause in Contracts

Return and Cancellation of Notes. As soon as reasonably practicable after its receipt of its Revolving Credit Notes hereunder on the Closing Date, the Banks will promptly return to the Company, marked "Substituted" or "Cancelled", as the case may be, any promissory notes of the Company held by the Banks pursuant to the Original Credit Agreement. In addition, the Agent will request that any "Bank" under the Original Credit Agreement which is not a Bank hereunder promptly return to the Company, marked "Cancelled", any promissory notes of the Company held by such Person pursuant to the Original Credit Agreement.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Flextronics International LTD), Revolving Credit Agreement (Flextronics International LTD)

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Return and Cancellation of Notes. As soon as reasonably practicable after its receipt of its Revolving Credit Notes hereunder on the Closing Date, the Banks will promptly return to the CompanyBorrower, marked "Substituted" or "Cancelled", ," as the case may be, any promissory notes of the Company Borrower held by the Banks pursuant to the Original Credit Agreement. In addition, the Administrative Agent will request that any "Bank" under the Original Credit Agreement which is not a Bank hereunder promptly return to the CompanyBorrower, marked "Cancelled", ," any promissory notes of the Company Borrower held by such Person pursuant to the Original Credit Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Watts Industries Inc)

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Return and Cancellation of Notes. As soon as reasonably practicable after its receipt of its Revolving Credit Notes hereunder on the Closing Date, the Banks will promptly return to the CompanyBorrower, marked "Substituted" or "Cancelled", as the case may be, any promissory notes of the Company Borrower held by the Banks pursuant to the Original Credit Agreement. In addition, the Agent will request that any "Bank" under the Original Credit Agreement which is not a Bank hereunder promptly return to the CompanyBorrower, marked "Cancelled", any promissory notes of the Company Borrower held by such Person pursuant to the Original Credit Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Anacomp Inc)

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