Surrender and Cancellation. Once the Principal Amount, plus all accrued but unpaid interest thereon, has been paid in full, all obligations under this Note will immediately and automatically terminate, and the Lender will promptly surrender this Note to the Borrower for cancellation.
Appears in 5 contracts
Sources: Promissory Note (H-Cyte, Inc.), Membership Interest Purchase Agreement (HF Foods Group Inc.), Ownership Purchase Agreement (Freecook)
Surrender and Cancellation. Once the Principal Amount, plus all accrued but unpaid interest thereon, has been paid in full, all obligations under this Note will immediately and automatically terminate, and the Lender Stockholder will promptly surrender this Note to the Borrower Company for cancellation.
Appears in 1 contract
Sources: Common Stock Repurchase Agreement (Ludwig Enterprises, Inc.)