Common use of Cancellation of Note Clause in Contracts

Cancellation of Note. Upon payment in full of the outstanding principal balance of this Note and accrued and unpaid interest thereon, this Note will be automatically cancelled and the Company’s payment obligations hereunder will be extinguished.

Appears in 2 contracts

Sources: Strategic Alliance Agreement (Athersys, Inc / New), Strategic Alliance Agreement (Athersys, Inc / New)

Cancellation of Note. Upon payment in full of the outstanding principal balance of this Note and any charges, costs and accrued and unpaid interest thereon, this Note will be automatically cancelled and the CompanyMaker’s payment obligations hereunder will be extinguished.

Appears in 2 contracts

Sources: Convertible Subordinated Promissory Note (Energy Focus, Inc/De), Convertible Subordinated Promissory Note (Energy Focus, Inc/De)

Cancellation of Note. Upon payment in full of the outstanding principal balance of this Note Note, and accrued and unpaid interest thereoninterest, this Note will be automatically cancelled and the Company’s payment obligations hereunder will be extinguished.

Appears in 1 contract

Sources: Promissory Note (General Employment Enterprises Inc)

Cancellation of Note. Upon payment satisfaction in full of the outstanding principal balance of this Note by way of conversion or payment and payment of all accrued and unpaid interest thereoninterest, this Note will be automatically cancelled and the CompanyMaker’s payment obligations hereunder will be extinguished.

Appears in 1 contract

Sources: Convertible Promissory Note (Ctpartners Executive Search LLC)