Common use of Partition Clause in Contracts

Partition. Effective as of the date hereof, Borrower and Lender agree that the Partitioned Note is hereby partitioned from the Original Note. Following such partition of the Original Note, Borrower and Lender agree that the Original Note shall remain in full force and effect, provided that the outstanding balance of the Original Note shall be reduced by an amount equal to the Exchange Amount.

Appears in 41 contracts

Sources: Exchange Agreement (Orbital Energy Group, Inc.), Exchange Agreement (Future FinTech Group Inc.), Exchange Agreement (Future FinTech Group Inc.)

Partition. Effective as of the date hereof, Borrower B▇▇▇▇▇▇▇ and Lender L▇▇▇▇▇ agree that the Partitioned Note is hereby partitioned from the Original Note. Following such partition of the Original Note, Borrower and Lender L▇▇▇▇▇ agree that the Original Note shall remain in full force and effect, provided that the outstanding balance of the Original Note shall be reduced by an amount equal to the Exchange Amount.

Appears in 17 contracts

Sources: Exchange Agreement (CXApp Inc.), Exchange Agreement (CXApp Inc.), Exchange Agreement (CXApp Inc.)

Partition. Effective as of the date hereof, Borrower and Lender agree that the Partitioned Note is hereby partitioned from the Original Note. Following such partition of the Original Note, Borrower and Lender agree that the Original Note shall remain in full force and effect, provided that the outstanding balance of the Original Note shall be reduced by an amount equal to the Exchange Amountinitial outstanding balance of the Partitioned Note.

Appears in 15 contracts

Sources: Exchange Agreement (CBAK Energy Technology, Inc.), Exchange Agreement (CBAK Energy Technology, Inc.), Exchange Agreement (CBAK Energy Technology, Inc.)

Partition. Effective as of the date hereof, Borrower ▇▇▇▇▇▇▇▇ and Lender ▇▇▇▇▇▇ agree that the Partitioned Note is hereby partitioned from the Original Note. Following such partition of the Original Note, Borrower and Lender ▇▇▇▇▇▇ agree that the Original Note shall remain in full force and effect, provided that the outstanding balance of the Original Note shall be reduced by an amount equal to the Exchange Amount.

Appears in 13 contracts

Sources: Exchange Agreement (reAlpha Tech Corp.), Exchange Agreement (reAlpha Tech Corp.), Exchange Agreement (reAlpha Tech Corp.)

Partition. Effective as of the date hereof, Borrower ▇▇▇▇▇▇▇▇ and Lender ▇▇▇▇▇▇ agree that the Partitioned Note is hereby partitioned from the Original Note. Following such partition of the Original Note, Borrower and Lender ▇▇▇▇▇▇ agree that the Original Note shall remain in full force and effect, provided that the outstanding balance of the Original Note shall be reduced by an amount equal to the Exchange Amountinitial outstanding balance of the Partitioned Note.

Appears in 13 contracts

Sources: Exchange Agreement (Tantech Holdings LTD), Exchange Agreement (Smart Powerr Corp.), Exchange Agreement (Smart Powerr Corp.)

Partition. Effective as of the date hereof, Borrower and Lender agree that the Partitioned Note is hereby partitioned from the Original Exchange Note. Following such partition of the Original Exchange Note, Borrower and Lender agree that the Original Exchange Note shall remain in full force and effect, provided that the outstanding balance of the Original Exchange Note shall be reduced by an amount equal to the Exchange Amountinitial outstanding balance of the Partitioned Note.

Appears in 11 contracts

Sources: Exchange Agreement (China Recycling Energy Corp), Exchange Agreement (China Recycling Energy Corp), Exchange Agreement (China Recycling Energy Corp)

Partition. Effective as of the date hereof, Borrower ▇▇▇▇▇▇▇▇ and Lender ▇▇▇▇▇▇ agree that the Partitioned Note is hereby partitioned from the Original Note. Following such partition of the t he Original Note, Borrower and Lender ▇▇▇▇▇▇ agree that the Original Note shall remain in full force and effect, provided that the outstanding balance of the Original Note shall be reduced by an amount equal to the Exchange Amountinitial outstanding balance of the Partitioned Note.

Appears in 2 contracts

Sources: Exchange Agreement (Bio Key International Inc), Exchange Agreement (Bio Key International Inc)

Partition. Effective as of the date hereof, Borrower and Lender agree that the Partitioned Note is hereby partitioned from the Original Note. Following such partition of the t he Original Note, Borrower and Lender agree that the Original Note shall remain in full force and effect, provided that the outstanding balance of the Original Note shall be reduced by an amount equal to the Exchange Amountinitial outstanding balance of the Partitioned Note.

Appears in 2 contracts

Sources: Exchange Agreement (China Recycling Energy Corp), Exchange Agreement (China Recycling Energy Corp)

Partition. Effective as of the date hereof, Borrower and Lender agree that the Partitioned Note is hereby partitioned from the Original Note. Following such partition of the Original Note, Borrower and Lender agree that the Original Note shall remain in full force and effect, provided that the outstanding balance of the Original Note shall be reduced by an amount equal to the Exchange Amountdeemed paid in full, shall automatically be deemed canceled, and shall not be reissued.

Appears in 1 contract

Sources: Exchange Agreement (Inpixon)

Partition. Effective as of the date hereof, Borrower and Lender agree that the Partitioned Note is hereby partitioned from the Original Note. Following such partition of the Original Note, Borrower and Lender agree that the Original Note shall remain in full force and effect, provided except that the outstanding balance of the Original Note shall be reduced by an amount equal to the Exchange Partitioned Amount.

Appears in 1 contract

Sources: Exchange Agreement (CytoDyn Inc.)

Partition. Effective as of the date hereof, Borrower and Lender agree that the Partitioned Note is hereby partitioned from the Original Note. Following such partition of the Original Note, Borrower and Lender agree that the Original Note shall remain be deemed paid in full force full, shall automatically be deemed canceled, and effect, provided that the outstanding balance of the Original Note shall not be reduced by an amount equal to the Exchange Amountreissued.

Appears in 1 contract

Sources: Exchange Agreement (Inpixon)