Common use of Exchange of Note Clause in Contracts

Exchange of Note. At any time, and from time to time, upon surrender of such Note at its office, the Company will deliver in exchange therefor, without expense to the holder, except as set forth below a Note for the same aggregate principal amount as the then unpaid principal amount of the Note so surrendered, in the denomination of $1,000,000 or integral multiples thereof (except as may be necessary to reflect any principal amount not evenly divisible by $1,000,000) as such holder shall specify, dated as of the date to which interest has been paid on the Note so surrendered or, if such surrender is prior to the payment of any interest thereon, then dated as of the date of issue, payable to such Person or Persons as may be designated by such holder, and otherwise of the same form and tenor as the Note so surrendered for exchange. The Company may require the payment of a sum sufficient to cover any stamp tax or governmental charge imposed upon such exchange or transfer.