Surrender of this Note Sample Clauses

The "Surrender of this Note" clause defines the process by which the holder of a promissory note must return or deliver the original note to the issuer, typically upon full repayment or satisfaction of the debt. In practice, this means that once the borrower has paid off the amount owed, the lender is required to physically or formally surrender the note, often marking it as paid or cancelled. This clause ensures that there is clear evidence the debt has been settled and prevents the note from being wrongfully enforced again, thereby protecting both parties from future disputes regarding the obligation.
Surrender of this Note. If this Note is redeemed in full pursuant to this Section 4, the Holder shall deliver this Note (or comply with the Section 12(e) if this Note has been lost, stolen or mutilated) to the Company promptly following its receipt of the Holder Redemption Price.
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Surrender of this Note. If this Note is Converted in full pursuant to this SECTION 8, the Holder shall deliver this Note (or comply with the SECTION 12(e) if this Note has been lost, stolen or mutilated) to the Company promptly following such Conversion.
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Related to Surrender of this Note

  • Reissuance of This Note Upon receipt by the Company of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note, and, in the case of loss, theft or destruction, of an indemnification undertaking by the Holder to the Company in customary form and, in the case of mutilation, upon surrender and cancellation of this Note, the Company shall execute and deliver to the Holder a new Note representing the outstanding Principal which Note (i) shall be of like tenor with this Note, (ii) shall represent, as indicated on the face of such new Note, the Principal remaining outstanding (iii) shall have an issuance date, as indicated on the face of such new Note, which is the same as the Issuance Date of this Note, (iv) shall have the same rights and conditions as this Note, and (v) shall represent accrued and unpaid Interest from the Issuance Date.

  • TERMINATION OF THIS SECURITY AGREEMENT Subject to Section 10 hereof, this Security Agreement shall terminate upon the Termination Date.

  • Benefits of this Rights Agreement Nothing in this Rights Agreement shall be construed to give to any Person other than the Company, the Rights Agent and the registered holders of the Right Certificates (and, prior to the Distribution Date, the Common Stock) any legal or equitable right, remedy or claim under this Rights Agreement; but this Rights Agreement shall be for the sole and exclusive benefit of the Company, the Rights Agent and the registered holders of the Right Certificates (and, prior to the Distribution Date, the Common Stock).

  • Variation of this Agreement ‌ This Agreement may be varied during its term by agreement in writing by the parties subject to the ratification process of the Union.

  • Benefits of this Warrant Nothing in this Warrant shall be construed to confer upon any person other than the Company and Holder any legal or equitable right, remedy or claim under this Warrant and this Warrant shall be for the sole and exclusive benefit of the Company and Holder.