Cancellation Clause Example from Business Contracts

This example Cancellation clause appears in 4 contracts from 4 companies

Cancellation. After all principal, accrued Interest and Default Interest, if any, at any time owed on this Note has been paid in full or otherwise converted in full, this Note shall automatically be deemed canceled, shall be surrendered to the Company for cancellation and shall not be reissued.
Found in QPAGOS contract
QPAGOS Contracts

8% CONVERTIBLE PROMISSORYNOTE MaturityDate of November 6, 2017 *the “Maturity Date” $200,000February 6, 2017 *the“Issuance Date” (Filed With SEC on February 13, 2017)

JAMMIN JAVA CORP. Contracts

12% Convertible Promissory Note dated December 5, 2016 with JSJ Investments Inc (Filed With SEC on December 21, 2016)

POSITIVEID Corp Contracts

12%CONVERTIBLE PROMISSORY NOTE MaturityDate of April 29, 2017 *the “Maturity Date” $52,500July 29, 2016 *the “Issuance Date” (Filed With SEC on August 5, 2016)

Bemax, Inc. Contracts

8% CONVERTIBLE PROMISSORY NOTE MATURITY DATE OF FEBRUARY 26, 2017 *THE "MATURITY DATE" $55,000 June 2, 2016 *THE "ISSUANCE DATE" (Filed With SEC on November 18, 2016)