Termination of Note. As if the Effective Date and upon the issuance of the New Note, the Note is hereby terminated, cancelled and of no further force and effect, all outstanding principal and accrued interest with respect to the Note is hereby cancelled, forgiven and released, and the parties thereunder are released of all of their obligations thereunder. 3.
Termination of Note. This Note shall immediately terminate and all balances due, including all principal, interest, and Original Issue Discount, become due and payable upon the refinance, or restructuring of any of the Borrower's debt of at least $330,000.00.
Termination of Note. 1.1 In full and complete consideration for all amounts currently owed by the Company under the Note and the Transaction Documents (as defined in the Note), including all penalties, fees and other costs or expenses, including, but not limited to, events of default (such amount being the “Tendered Consideration”), the Holder agrees to exchange the balance of the note for 150,000 shares of the Company’s common stock (the “July Shares” and together with the February Shares the “Conversion Shares”) and a warrant (the “Warrant”) to purchase 25,000 shares of the Company’s common stock (the “Warrant Shares” and together with the Conversion Shares the “Registerable Shares”).
Termination of Note. By execution of this Agreement, the parties wish to memorialize their agreement regarding the termination of the Note.
Termination of Note. Upon consummation of the Closing, the Note shall be terminated in its entirety and all amounts due thereunder shall be forgiven and deemed paid in full, discharged and otherwise fully satisfied.
Termination of Note. If no Trigger Event Initiation has occurred on or before March 31, 2005, then this Note shall terminate, and Borrower shall have no further obligations under this Note.
Termination of Note. Upon receipt of the Common Stock Amount by Holder, Holder and the Company hereby terminate, by mutual agreement and effective as of the closing of the Conversion, the Note. From and after the closing of the Conversion, no party thereto shall have any further rights, privileges, liabilities or obligations of any nature whatsoever with respect to, in connection with or otherwise arising under the Note.
Termination of Note. After all payments which are required to be made on any Series of Notes have been completed and fully made by the Company, (1) any moneys that constitute Collateral for such Series of Notes remaining in the hands of the Trustee after providing for all outstanding Notes of such Series and after paying the expenses of the Trustee, including its reasonable compensation, shall be paid to the Company and (2) the Trustee shall execute for record in public offices, at the expense of the Company, such instrument or instruments in writing as reasonably shall be requested by the Company in order to make clear upon public records the release of the Equipment from the security interest granted under the supplemental Indenture relating to such Series, under the laws of any jurisdiction.
Termination of Note. Upon the execution of this Agreement, the Note is terminated in full, and neither party shall have any further obligation to the other arising out of the Note.
Termination of Note. This Note may not be terminated orally, but ---------------------- only by a discharge in writing and signed by the party who is the owner and holder of this Note at the time enforcement of any discharge is sought. ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER WASHINGTON LAW.
