Common use of Surrender of the Note Clause in Contracts

Surrender of the Note. Upon the Company’s redemption of the Note pursuant to Section 4(a), the Investor shall surrender the Note to the Company at the location specified by the Company, and simultaneously therewith the Principal Amount of the Note shall be paid by wire transfer in immediately available funds to an account designated by the Investor.

Appears in 2 contracts

Sources: Convertible Promissory Note Purchase Agreement, Convertible Promissory Note Purchase Agreement (Solar Power, Inc.)