Common use of Surrender of Notes on Prepayment or Exchange Clause in Contracts

Surrender of Notes on Prepayment or Exchange. Subject to Section 2.5, upon any partial prepayment of a Note pursuant to this Section 2 or partial exchange of a Note pursuant to Section 10.3, such Note may, at the option of the holder thereof, (i) be surrendered to the Company pursuant to Section 10.3 in exchange for a new Note equal to the principal amount remaining unpaid on the surrendered Note, or (ii) be made available to the Company for notation thereon of the portion of the principal so prepaid or exchanged. In case the entire principal amount of any Note is prepaid or exchanged, such Note shall, at the written request of the Company, be surrendered to the Company for cancellation and shall not be reissued, and no Note shall be issued in lieu of such Note.

Surrender of Notes on Prepayment or Exchange. Subject to Section 2.53.5, upon any partial prepayment of a Note pursuant to this Section 2 3 or partial exchange of a Note pursuant to Section 10.311.3, such Note may, at the option of the holder thereof, (i) be surrendered to the Company Issuers pursuant to Section 10.3 11.3 hereof in exchange for a new Note equal to the principal amount remaining unpaid on the surrendered Note, or (ii) be made available to the Company Issuers for notation thereon of the portion of the principal so prepaid or exchanged. In case the entire principal amount of any Note is prepaid or exchanged, such Note shall, at the written request of the Company, shall be surrendered to the Company Issuers for cancellation and shall not be reissued, and no Note shall be issued in lieu of such Note.

Surrender of Notes on Prepayment or Exchange. Subject to Section 2.5, upon any partial prepayment of a Note pursuant to this Section 2 or partial exchange of a Note pursuant to Section 10.3, such Note may, at the option of the holder thereof, (i) be surrendered to the Company pursuant to Section 10.3 in exchange for a new Note equal to the principal amount remaining unpaid on the surrendered Note, or (ii) be made available to the Company for notation thereon of the portion of the principal so prepaid or exchanged. In case the entire principal amount of any Note is prepaid or exchanged, such Note shall, at the written request of the Company, shall be surrendered to the Company for cancellation and shall not be reissued, and no Note shall be issued in lieu of such Note.