Common use of Surrender of Notes Clause in Contracts

Surrender of Notes. By surrender to the Company for cancellation of any Note or Notes (as such terms are defined in that certain Amended and Restated Note Agreement, dated as of March 31, 1997 (the "Amended and Restated Note Agreement"), among the Company, IT Network, Inc., the Original Holder and the other Purchasers named therein), or any portion of a Note, for which credit shall be given toward the Exercise Price on a dollar-for-dollar basis with reference to the principal amount and accrued but unpaid interest cancelled;