Common use of Advances in Reliance Clause in Contracts

Advances in Reliance. The Holder of this Debenture, by its acceptance hereof, agrees that each holder of Senior Debt has advanced funds or may in the future advance funds in reliance upon the terms and conditions hereof.

Appears in 5 contracts

Samples: Purchase Agreement (Logimetrics Inc), Purchase Agreement (Logimetrics Inc), Logimetrics Inc

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Advances in Reliance. The Holder of this Debenturethe Subordinated Debt, by its acceptance hereofthereof, agrees that each holder of Senior Debt has advanced funds or may in the future advance funds in reliance upon the terms and conditions hereof.

Appears in 2 contracts

Samples: Unit Purchase Agreement (Logimetrics Inc), Logimetrics Inc

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