Common use of Surrender of Promissory Notes Clause in Contracts

Surrender of Promissory Notes. Each Purchaser surrendering Promissory Notes for cancellation in payment of any portion of such Purchaser’s Subscription Amount that does not deliver such original Promissory Notes to the Company prior to the Closing, hereby covenants to deliver such original Promissory Notes to the Company as soon as practicable following the Closing Date.

Appears in 6 contracts

Samples: Preferred Stock and Warrant Purchase Agreement (Sco Capital Partners LLC), Preferred Stock and Warrant Purchase Agreement (Access Pharmaceuticals Inc), Preferred Stock and Warrant Purchase Agreement (Access Pharmaceuticals Inc)

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