Common use of Return and Cancellation of Notes Clause in Contracts

Return and Cancellation of Notes. Upon receipt by any Lender of its Notes hereunder on the Closing Date, any “Notes” of BGI held by such Lender pursuant to and as defined in the Existing Credit Agreement shall be deemed to be no longer outstanding. As soon as reasonably practicable after its receipt of its Notes hereunder on the Closing Date, each Lender will promptly return to BGI, marked “Substituted” or “Cancelled”, as the case may be, any notes of BGI held by such Lender pursuant to the Existing Credit Agreement.