Common use of Issuance of Replacement Note Clause in Contracts

Issuance of Replacement Note. Upon any partial conversion of this Note, a replacement Note containing the same date and provisions of this Note shall, at the written request of the Holder, be issued by the Borrower to the Holder for the outstanding Principal Amount of this Note and accrued interest which shall not have been converted or paid, provided ▇▇▇▇▇▇ has surrendered an original Note to the Company. In the event that the Holder elects not to surrender a Note for reissuance upon partial payment or conversion, the Holder hereby indemnifies the Borrower against any and all loss or damage attributable to a third-party claim in an amount in excess of the actual amount then due under the Note.

Appears in 16 contracts

Sources: Secured Convertible Promissory Note (China Biopharma, Inc.), Secured Convertible Promissory Note (Inrob Tech Ltd.), Secured Convertible Promissory Note (Inrob Tech Ltd.)

Issuance of Replacement Note. Upon any partial conversion of this Note, a replacement Note containing the same date and provisions of this Note shall, at the written request of the Holder, be issued by the Borrower to the Holder for the outstanding Principal Amount of this Note and accrued interest which shall not have been converted or paid, provided ▇▇▇▇▇▇ Holder has surrendered an original Note to the Company. In the event that the Holder elects not to surrender a Note for reissuance upon partial payment or conversion, the Holder hereby indemnifies the Borrower against any and all loss or damage attributable to a third-party claim in an amount in excess of the actual amount then due under the Note.

Appears in 13 contracts

Sources: Asset Purchase Agreement (WQN, Inc.), Subordinated Convertible Note (Accident Prevention Plus Inc), Subordinated Convertible Note (Accident Prevention Plus Inc)

Issuance of Replacement Note. Upon any partial conversion of this Note, a replacement Note containing the same date and provisions of this Note shall, at the written request of the Holder, be issued by the Borrower to the Holder for the outstanding Principal Amount of this Note and accrued interest which shall not have been converted or paid, provided ▇▇▇▇▇▇ Holder has surrendered an original Note to the Company. In the event that ▇▇▇▇ the Holder elects not to surrender a Note for reissuance upon partial payment or conversion, the Holder hereby indemnifies the Borrower against any and all loss or damage attributable to a third-party claim in an amount in excess of the actual amount then due under the Note.

Appears in 6 contracts

Sources: Convertible Note (Canwest Petroleum Corp), Convertible Note (Voip Inc), Secured Convertible Note (Trend Mining Co)

Issuance of Replacement Note. Upon any partial conversion of this Note, a replacement Note containing the same date and provisions of this Note shall, at the written request of the Holder, be issued by the Borrower Company to the Holder for the outstanding Principal Amount of this Note and accrued interest which shall not have been converted or paid, provided ▇▇▇▇▇▇ Holder has surrendered an original Note to the Company. In the event that the Holder elects not to surrender a Note for reissuance upon partial payment or conversion, the Holder hereby indemnifies the Borrower Company against any and all loss or damage attributable to a third-party claim in an amount in excess of the actual amount then due under the Note.

Appears in 3 contracts

Sources: Private Placement Subscription Agreement (Convertible Note) (Orgenesis Inc.), Subscription Agreement (Orgenesis Inc.), Private Placement Subscription Agreement (Orgenesis Inc.)

Issuance of Replacement Note. Upon any partial conversion of this Note, a replacement Note containing the same date and provisions of this Note shall, at the written request of the Holder, be issued by the Borrower to the Holder for the outstanding Principal Amount of this Note and accrued interest which shall not have been converted or paid, provided ▇▇Ho▇▇▇▇ has ▇as surrendered an original Note to the Company. In the event that the Holder elects not to surrender a Note for reissuance upon partial payment or conversion, the Holder hereby indemnifies the Borrower against any and all loss or damage attributable to a third-party claim in an amount in excess of the actual amount then due under the Note.

Appears in 2 contracts

Sources: Convertible Note Agreement (Ibsg International Inc), Convertible Note Agreement (Lantis Laser Inc.)

Issuance of Replacement Note. Upon any partial conversion of this Note, a replacement Note containing the same date and provisions of this Note shall, at the written request of the Holder, be issued by the Borrower to the Holder for the outstanding Principal Amount of this Note and accrued interest which shall not have been converted or paid, provided H▇▇▇▇▇ has surrendered an original Note to the Company. In the event that the Holder elects not to surrender a Note for reissuance upon partial payment or conversion, the Holder hereby indemnifies the Borrower against any and all loss or damage attributable to a third-party claim in an amount in excess of the actual amount then due under the Note.

Appears in 2 contracts

Sources: Secured Convertible Promissory Note (IDO Security Inc.), Convertible Note (Plangraphics Inc)

Issuance of Replacement Note. Upon any partial conversion of this Note, a replacement Note containing the same date and provisions of this Note shallwill, at the written request of the Holder, be issued by the Borrower to the Holder for the outstanding Principal Amount of this Note and accrued interest which shall has not have been converted or paid, provided ▇▇▇▇▇▇ has surrendered an original Note to the Company. In the event that the Holder elects not to surrender a Note for reissuance upon partial payment or conversion, the Holder hereby indemnifies the Borrower against any and all loss or damage attributable to a third-party claim in an amount in excess of the actual amount then due under the Note.

Appears in 1 contract

Sources: Convertible Note (Trend Mining Co)

Issuance of Replacement Note. Upon any partial conversion of this Note, a replacement Note containing the same date and provisions of this Note shall, at the written request of the Holder, be issued by the Borrower to the Holder for the outstanding Principal Amount of this Note and accrued interest which shall not have been converted or paid, provided ▇▇▇▇▇▇ has surrendered an original Note to the Company. In the event that the Holder elects not to surrender a Note for reissuance upon partial payment or conversion, the Holder hereby indemnifies the Borrower against any and all loss or damage attributable to a third-party claim in an amount in excess of the actual amount then due under the Note.

Appears in 1 contract

Sources: Convertible Note (INCA Designs Inc)

Issuance of Replacement Note. Upon any partial conversion of this Note, a replacement Note containing the same date and provisions of this Note shall, at the written request of the Holder, be issued by the Borrower Company to the Holder for the outstanding Principal Amount of this Note and accrued interest which shall not have been converted or paid, provided ▇▇▇▇▇▇ has surrendered an original Note to the Company. In the event that the Holder elects not to surrender a Note for reissuance upon partial payment or conversion, the Holder hereby indemnifies the Borrower Company against any and all loss or damage attributable to a third-party claim in an amount in excess of the actual amount then due under the Note.

Appears in 1 contract

Sources: Convertible Note (Orgenesis Inc.)

Issuance of Replacement Note. Upon any partial conversion of this Note, a replacement Note containing the same date and provisions of this Note shall, at the written request of the Holder, be issued by the Borrower to the Holder for the outstanding Principal Amount of this Note and accrued interest which shall not have been converted or paid, provided ▇▇Holder has surrendered an original ▇▇▇▇ has surrendered an original Note to the Company. In the event that the Holder elects not to surrender a Note for reissuance upon partial payment or conversion, the Holder hereby indemnifies the Borrower against any and all loss or damage attributable to a third-party claim in an amount in excess of the actual amount then due under the Note.

Appears in 1 contract

Sources: Convertible Note Agreement (Dyneco Corp)

Issuance of Replacement Note. Upon any partial conversion of this Note, a replacement Note containing the same date and provisions of this Note shall, at the written request of the Holder, be issued by the Borrower to the Holder for the outstanding Principal Amount of this Note and accrued interest which shall not have been converted or paid, provided Holder ha▇ ▇▇▇▇▇▇ has surrendered endered an original Note to the Company. In the event that the Holder elects not to surrender a Note for reissuance upon partial payment or conversion, the Holder hereby indemnifies the Borrower against any and all loss or damage attributable to a third-party claim in an amount in excess of the actual amount then due under the Note.

Appears in 1 contract

Sources: Convertible Note (Bravo Foods International Corp)

Issuance of Replacement Note. Upon any partial conversion of this Note, a replacement Note containing the same date and provisions of this Note shall, at the written request of the Holder, be issued by the Borrower to the Holder for the outstanding Principal Amount of this Note and accrued interest which shall not have been converted or paid, provided ▇▇▇Hol▇▇▇ has ▇▇s surrendered an original Note to the Company. In the event that the Holder elects not to surrender a Note for reissuance upon partial payment or conversion, the Holder hereby indemnifies the Borrower against any and all loss or damage attributable to a third-party claim in an amount in excess of the actual amount then due under the Note.

Appears in 1 contract

Sources: Convertible Note (BioMETRX)

Issuance of Replacement Note. Upon any partial conversion of this ----------------------------- Note, a replacement Note containing the same date and provisions of this Note shall, at the written request of the Holder, be issued by the Borrower to the Holder for the outstanding Principal Amount of this Note and accrued interest which shall not have been converted or paid, provided ▇▇▇▇▇▇ Holder has surrendered an original Note to the Company. In the event that the Holder elects not to surrender a Note for reissuance upon partial payment or conversion, the Holder hereby indemnifies the Borrower against any and all loss or damage attributable to a third-party claim in an amount in excess of the actual amount then due under the Note.

Appears in 1 contract

Sources: Secured Convertible Promissory Note (FTS Group, Inc.)

Issuance of Replacement Note. Upon any partial conversion of this Note, a replacement Note containing the same date and provisions of this Note shall, at the written request of the Holder, be issued by the Borrower to the Holder for the outstanding Principal Amount of this Note and accrued interest which shall not have been converted or paid, provided ▇▇▇▇▇▇ Holder has surrendered an original Note to the CompanyBorrower. In the event that the Holder elects not to surrender a Note for reissuance upon partial payment or conversion, the Holder hereby indemnifies the Borrower against any and all loss or damage attributable to a third-party claim in an amount in excess of the actual amount then due under the Note.

Appears in 1 contract

Sources: Subscription Agreement (NextMart Inc.)