Common use of Issuance of New Notes Clause in Contracts

Issuance of New Notes. Whenever the Borrower is required to issue a new Note, the new Note (A) shall be of like tenor with this Note, (B) shall represent, as indicated on the face of such new Note, the principal remaining outstanding, (C) shall have an issuance date, as indicated on the face of such new Note, which is the same as the Issue Date of this Note, and (D) shall be in all other respects identical to this Note.

Appears in 14 contracts

Sources: Senior Secured Note (Ho Chi Sing), Senior Secured Note (Ho Chi Sing), Senior Secured Note (Ho Chi Sing)