Common use of Transfer of Notes Clause in Contracts

Transfer of Notes. Subject to Section 6.2 hereof, a holder of a Note may transfer such Note to a new holder, or may exchange such Note for Notes of different denominations (but in no event of denominations of less than $100,000 in original principal amount), by surrendering such Note to the Loan Parties duly endorsed for transfer or accompanied by a duly executed instrument of transfer naming the new holder (or the current holder if submitted for exchange only), together with written instructions for the issuance of one or more new Notes specifying the respective principal amounts of each new Note and the name of each new holder and each address therefor. The Loan Parties shall simultaneously deliver to such holder or its designee such new Notes, shall xxxx the surrendered Notes as canceled and shall provide notice of such transfer to Agent. In lieu of the foregoing procedures, a holder may assign a Note (in whole but not in part) to a new holder by sending written notice to the Loan Parties and Agent of such assignment specifying the new holder’s name and address; in such case, the Loan Parties shall promptly acknowledge such assignment in writing to both the old and new holder.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (Mirion Technologies, Inc.)

AutoNDA by SimpleDocs

Transfer of Notes. (a) Subject to Section 6.2 hereof7.2 and Section 7.3(b), a holder of a Note may transfer such Note to a new holder, or may exchange such Note for Notes of different denominations (but in no event of for denominations of less than $100,000 in original principal amount), by surrendering such Note to the Loan Parties Company duly endorsed for transfer or accompanied by a duly executed instrument of transfer naming the new holder (or the current holder if submitted for exchange only), together with written instructions for the issuance of one or more new Notes specifying the respective principal amounts of each new Note and the name of each new holder and each address therefor. The Loan Parties Company shall simultaneously deliver to such holder or its designee such new Notes, shall xxxx the surrendered Notes as canceled and shall provide notice of such transfer to Agentcanceled. In lieu of the foregoing procedures, a holder may assign a Note (in whole but not in part) to a new holder by sending written notice to the Loan Parties and Agent Company of such assignment specifying the new holder’s 's name and address; in such case, the Loan Parties Company shall promptly acknowledge such assignment in writing to both the old and new holder. Any transferees shall be subject to Sections 7.1, 7.2 and 7.3(b).

Appears in 1 contract

Samples: Note Purchase Agreement (Epicept Corp)

Transfer of Notes. (a) Subject to Section 6.2 hereof7.2 and Section 7.3(b), a holder of a Note may transfer such Note to a new holder, or may exchange such Note for Notes of different denominations (but in no event of for denominations of less than $100,000 in original principal amount), by surrendering such Note to the Loan Parties Company duly endorsed for transfer or accompanied by a duly executed instrument of transfer naming the new holder (or the current holder if submitted for exchange only), together with written instructions for the issuance of one or more new Notes specifying the respective principal amounts of each new Note and the name of each new holder and each address therefor. The Loan Parties Company shall simultaneously deliver to such holder or its designee such new Notes, shall xxxx mark the surrendered Notes as canceled and shall provide notice of such transfer to Agentcanceled. In lieu of the foregoing proceduresproxxxxres, a holder may assign a Note (in whole but not in part) to a new holder by sending written notice to the Loan Parties and Agent Company of such assignment specifying the new holder’s 's name and address; in such case, the Loan Parties Company shall promptly acknowledge such assignment in writing to both the old and new holder. Any transferees shall be subject to Sections 7.1, 7.2 and 7.3(b).

Appears in 1 contract

Samples: Note Purchase Agreement (Epicept Corp)

Transfer of Notes. Subject to Section 6.2 hereof, a holder of a Note may transfer such Note to a new holder, or may exchange such Note for Notes of different denominations (but in no event of denominations of less than $100,000 in original principal amount), by surrendering such Note to the Loan Parties Company duly endorsed for transfer or accompanied by a duly executed instrument of transfer naming the new holder (or the current holder if submitted for exchange only), together with written instructions for the issuance of one or more new Notes specifying the respective principal amounts of each new Note and the name of each new holder and each address therefor. The Loan Parties shall simultaneously deliver to such holder or its designee such new Notes, Notes and shall xxxx the mark xxx surrendered Notes as canceled and shall provide notice of such transfer to Agentcanceled. In lieu of the foregoing procedures, a holder may assign a Note (in whole but not in part) to a new holder by sending written notice to the Loan Parties and Agent Company of such assignment specifying the new holder’s 's name and address; in such case, the Loan Parties Company shall promptly acknowledge such assignment in writing to both the old and new holder.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (O2wireless Solutions Inc)

Transfer of Notes. Subject to Section 6.2 hereof, a holder of a Note may transfer such Note to a new holder, or may exchange such Note for Notes of different denominations (but in no event of denominations of less than $100,000 500,000 in original principal amount), by surrendering such Note to the Loan Parties duly endorsed for transfer or accompanied by a duly executed instrument of transfer naming the new holder (or the current holder if submitted for exchange only), together with written instructions for the issuance of one or more new Notes specifying the respective principal amounts of each new Note and the name of each new holder and each address therefor. The Loan Parties shall simultaneously deliver to such holder or its designee such new Notes, Notes and shall xxxx the mark xxx surrendered Notes as canceled and shall provide notice of such transfer to Agentcanceled. In lieu of the foregoing procedures, a holder may assign a Note (in whole but not in part) to a new holder by sending written notice to the Loan Parties and Agent of such assignment specifying the new holder’s 's name and address; in such case, the Loan Parties shall promptly acknowledge such assignment in writing to both the old and new holder. The Loan Parties shall not be required to recognize any subsequent holder of a Note unless and until the Loan Parties have received reasonable assurance that all applicable transfer taxes have been paid.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (Igi Inc)

AutoNDA by SimpleDocs

Transfer of Notes. Subject to Section 6.2 20(b) hereof, a holder of a Note may transfer such Note to a new holder, or may exchange such Note for Notes of different denominations (but in no event of denominations of less than $100,000 in original principal amount), by surrendering such Note to the Loan Parties Debtors duly endorsed for transfer or accompanied by a duly executed instrument of transfer naming the new holder (or the current holder if submitted for exchange only), together with written instructions for the issuance of one or more new Notes specifying the respective principal amounts of each new Note and the name of each new holder and each address therefor. The Loan Parties Debtors shall simultaneously deliver to such holder or its designee such new Notes, shall xxxx mxxx the surrendered Notes as canceled and shall provide notice of such transfer to AgentLender. In lieu of the foregoing procedures, a holder may assign a Note (in whole but not in part) to a new holder by sending written notice to the Loan Parties Debtors and Agent Lenders of such assignment specifying the new holder’s 's name and address; in such case, the Loan Parties Debtors shall promptly acknowledge such assignment in writing to both the old and new holder.

Appears in 1 contract

Samples: And Consolidated Loan and Security Agreement (Primedex Health Systems Inc)

Transfer of Notes. Subject to Section 6.2 20(b) hereof, a holder of a Note may transfer such Note to a new holder, or may exchange such Note for Notes of different denominations (but in no event of denominations of less than $100,000 50,000 in original principal amount), by surrendering such Note to the Loan Parties Debtors duly endorsed for transfer or accompanied by a duly executed instrument of transfer naming the new holder (or the current holder if submitted for exchange only), together with written instructions for the issuance of one or more new Notes specifying the respective principal amounts of each new Note and the name of each new holder and each address therefor. The Loan Parties Debtors shall simultaneously deliver to such holder or its designee such new Notes, shall xxxx mxxx the surrendered Notes as canceled and shall provide notice of such transfer to AgentLender. In lieu of the foregoing procedures, a holder may assign a Note (in whole but not in part) to a new holder by sending written notice to the Loan Parties Debtors and Agent Lenders of such assignment specifying the new holder’s 's name and address; in such case, the Loan Parties Debtors shall promptly acknowledge such assignment in writing to both the old and new holder.

Appears in 1 contract

Samples: And Consolidated Loan and Security Agreement (Primedex Health Systems Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.