Common use of Surrender of Notes; Notation Thereon Clause in Contracts

Surrender of Notes; Notation Thereon. Upon any ------------------------------------ prepayment of a portion of the principal amount of any Note pursuant to Section ------- 4.1 above, the Holder of such Note at its option may require the Company to make --- and deliver, at the expense of the Company (other than for transfer taxes, if any), upon surrender of such Note, a new Note payable to such person or persons as may be designated by such Holder in the principal amount then remaining unpaid of the surrendered Note, dated as of the date of the surrendered Note, or may present such Note to the Company for notation thereon of the payment of the portion of the principal amount of such Note so prepaid.

Appears in 1 contract

Samples: Securities Purchase Agreement (Right Start Inc /Ca)

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Surrender of Notes; Notation Thereon. Upon any ------------------------------------ prepayment of a portion of the principal amount of any Note pursuant to Section ------- 4.1 abovethis Note, the Holder of such Note holder hereof at its option may require the Company to make --- and deliver, at the expense of the Company (other than for transfer taxes, if any), upon surrender of such this Note, a new Note payable to such person or persons as may be designated by such Holder in holder, for the principal amount of this Note then remaining unpaid of the surrendered Noteunpaid, dated as of the date to which interest has been paid on the unpaid principal amount of this Note (or, if no interest has been paid hereon, then dated as of the surrendered date of this Note), or may present such this Note to the Company for notation thereon hereon of the payment of the portion of the principal amount of such this Note so prepaid. As a condition of payment of all or any of the principal, of or interest on this Note, the Company may require the holder to present this Note for notation of such payment and, if this Note be paid in full, may require the holder to surrender this Note.

Appears in 1 contract

Samples: Convertible Note (Windswept Environmental Group Inc)

Surrender of Notes; Notation Thereon. Upon any ------------------------------------ prepayment of a portion of the principal amount of any Note pursuant to Section ------- 4.1 above, the Holder of such Note at its option may require the Company to make --- and deliver, at the expense of the Company (other than for transfer taxes, if any), upon surrender of such Note, a new Note payable to such person or persons as may be designated by such Holder in the principal amount then remaining unpaid of the surrendered Note, dated as of the date to which interest has been paid on the unpaid principal amount of the surrendered Note (or, if no such interest has been paid, dated as of the date of the surrendered Note), or may present such Note to the Company for notation thereon of the payment of the portion of the principal amount of such Note so prepaid.

Appears in 1 contract

Samples: Securities Purchase Agreement (Right Start Inc /Ca)

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Surrender of Notes; Notation Thereon. Upon any ------------------------------------ prepayment of a portion of the principal amount of any Note pursuant to Section ------- 4.1 above, the Holder of such Note at its option may require the Company to make --- and deliver, at the expense of the Company (other than for transfer taxes, if any), upon surrender of such Note, a new Note payable to such person or persons as may be designated by such Holder in the principal amount then remaining unpaid of the surrendered Note, dated as of the date to which interest has been paid on the unpaid principal amount of the surrendered Note (or, if no such interest has been paid, dated as of the date of the surrendered Note), or may present such Note to the Company for notation thereon of the payment of the portion of the principal amount of such Note so prepaid.

Appears in 1 contract

Samples: Securities Purchase Agreement (Cahill Edward L)

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