Common use of SURRENDER OF CERTIFICATE AND PRESCRIPTION Clause in Contracts

SURRENDER OF CERTIFICATE AND PRESCRIPTION. 8.1 Every Noteholder any part of whose principal amount of Convertible Loan Notes are due to be repaid under any of the provisions of these Conditions shall, not later than the due date for such repayment of principal, deliver the relevant certificates for such Convertible Loan Notes to the Company or as it shall direct. Unless payment of the amount due to be repaid has already been made in accordance with Condition 6, upon such delivery and against a receipt for the principal moneys payable in respect of the Convertible Loan Notes to be repaid, the Company shall pay to the Noteholder the amount payable to him in respect of such repayment in accordance with Condition 6. If part only of any Convertible Loan Note(s) as evidenced by the relevant certificate so delivered is then due to be repaid, the Company shall either endorse such Convertible Loan Note with a memorandum of the date and amount paid to the holder of such Convertible Loan Note and return it to the Noteholder or shall cancel such Convertible Loan Note and without charge issue to such Noteholder a new certificate in respect of the Convertible Loan Notes for the balance of the principal amount due to him.

SURRENDER OF CERTIFICATE AND PRESCRIPTION. 8.1 Every Noteholder any part of whose principal amount of Convertible Loan Notes are due to be repaid under any of the provisions of these Conditions shall, not later than the due date for such repayment of principal, deliver the relevant certificates for such Convertible Loan Notes to the Company or as it shall direct. Unless payment of the amount due to be repaid has already been made in accordance with Condition 67, upon such delivery and against a receipt for the principal moneys payable in respect of the Convertible Loan Notes to be repaid, the Company shall pay to the Noteholder the amount payable to him in respect of such repayment in accordance with Condition 67. If part only of any Convertible Loan Note(s) as evidenced by the relevant certificate so delivered is then due to be repaid, the Company shall either endorse such Convertible Loan Note with a memorandum of the date and amount paid to the holder of such Convertible Loan Note and return it to the Noteholder or shall cancel such Convertible Loan Note and without charge issue to such Noteholder a new certificate in respect of the Convertible Loan Notes for the balance of the principal amount due to him.