Surrendered Notes definition
Examples of Surrendered Notes in a sentence
The assignment by a Lender of a Commitment or portion thereof to another Person and the execution and delivery of a new Note or Notes shall not constitute a novation of the indebtedness evidenced by the Surrendered Note or Surrendered Notes and incurred in connection with such assigned Commitment.
Such new Notes shall be dated the same date as the Surrendered Notes and be in substantially the form of Exhibit A hereto.
Such new Note or Notes shall re-evidence the indebtedness outstanding under the old Note or Notes and shall be in an aggregate principal amount equal to the aggregate principal amount of such Surrendered Note or Surrendered Notes, shall be dated the Acceptance Date and shall otherwise be in substantially the form, of the Note or Notes subject to such assignments.
Such new Notes shall be dated the same date as the Surrendered Notes and be in substantially the form of EXHIBIT A hereto, as applicable.
The undersigned hereby certifies that the interest rate on the Surrendered Note(s) on the Exchange Date will equal ___% per annum.
All Repurchased Notes and Surrendered Notes submitted to the Issuer for delivery to the Trustee or directly to the Trustee for cancellation will be promptly cancelled by the Trustee.
Paying Agents to Record, Notify Payments and Deliver Surrendered Notes...
Pursuant to Section 2.2 of the Bridge Loan Agreement, the maturity date of the Exchange Notes shall be ___________ __ [insert maturity date that corresponds to the Maturity Date of the Surrendered Note(s)].
The “Closing Date” shall be the date that the Preferred Stock, Warrants, AIRs and Surrendered Notes are delivered to the respective parties.
The Parties agree to cooperate with one another and use reasonable efforts to reduce or eliminate tax withholding or similar obligations in respect of royalties, milestone payments, and other payments made by Verrica to Lytix under this Agreement.