Common use of Company Security Documents Clause in Contracts

Company Security Documents. All of the obligations of the Company under the Transaction Documents to or for the benefit of the Purchasers (or their agents and representatives) shall be secured by the following items (collectively, the "Company Debenture Collateral"), each of which, except for Permitted Liens, shall be (i) junior and subordinate to the lien granted to Xxxxxx pursuant to the Xxxxxx Term Loans, and (ii) senior and superior to those liens granted to the investors in the Existing Debentures, all as more specifically set forth in the Subordination Agreement: (a) A lien on all the personal property and assets of the Company now existing or hereinafter acquired granted pursuant to a Company General Security Agreement substantially in the form attached as Exhibit E hereto and dated of even date herewith between the Company and Xxxxx Partners III, L.P. ("Xxxxx"), as agent for the Purchasers (such agreement, as supplemented, amended or otherwise modified from time to time in accordance with its terms, the "Company General Security Agreement"), including, without limitation, a lien on and security interest in all of the issued and outstanding shares of common stock of Houba, Inc. and Xxxxxx Pharmaceuticals, Inc. pursuant to a separate Stock Pledge Agreement substantially in the form attached as Exhibit L hereto and dated of even date herewith between the Company and Xxxxx, as agent for the Purchasers (such agreement, as supplemented, amended or otherwise modified from time to time in accordance with its terms, the "Stock Pledge Agreement"): (b) Collateral assignments of all leases, contracts, patents, copyrights, trademarks and service marks of the Company.

Appears in 1 contract

Samples: Convertible Debenture Agreement (Halsey Drug Co Inc/New)

AutoNDA by SimpleDocs

Company Security Documents. All of the obligations of the Company under the Transaction Documents to or for the benefit of the Purchasers (or their agents and representativesrespresentatives) shall be secured by the following items (collectively, the "Company Debenture Collateral"), each of which, except for Permitted Liens, shall be (i) junior and subordinate to the lien granted to Xxxxxx Watson pursuant to the Xxxxxx Watson Term Loans, and (ii) senior and superior to those xx xxose liens granted to grantex xx the investors in the Existing Debentures, all as more specifically set forth in the Subordination Agreement: (a) A lien on all the personal property and assets of the Company now existing or hereinafter acquired granted pursuant to a Company General Security Agreement substantially in the form attached as Exhibit E hereto and dated of even date herewith between the Company and Xxxxx Galen Partners III, L.P. ("XxxxxGalen"), as agent for the Purchasers (such agreementsuxx xgreement, as supplementedsupplemexxxx, amended or otherwise modified from time to time in accordance with its terms, the "Company General Security Agreement"), including, without limitation, a lien on and security interest in all of the issued and outstanding shares of common stock of Houba, Inc. and Xxxxxx Halsey Pharmaceuticals, Inc. pursuant to a separate Stock Pledge Agreement substantially Agreemxxx xubstantially in the form attached as Exhibit L hereto and dated of even date herewith between the Company and XxxxxGalen, as agent for the Purchasers (such agreement, as supplemented, amended xxended or otherwise modified from time to time in accordance with its terms, the "Stock Pledge Agreement"): (b) Collateral assignments of all leases, contracts, patents, copyrights, trademarks and service marks of the Company.

Appears in 1 contract

Samples: Debenture Purchase Agreement (Halsey Drug Co Inc/New)

Company Security Documents. All of the obligations of the Company under the Transaction Documents to or for the benefit of the Purchasers (or their agents and representativesrespresentatives) shall be secured by the following items (collectively, the "Company Debenture Collateral"), each of which, except for Permitted Liens, shall be (i) junior and subordinate to the lien granted to Xxxxxx pursuant to the Xxxxxx Term Loans, and (ii) senior and superior to those liens granted to the investors in the Existing Debentures, all as more specifically set forth in the Subordination Agreement: (a) A lien on all the personal property and assets of the Company now existing or hereinafter acquired granted pursuant to a Company General Security Agreement substantially in the form attached as Exhibit E hereto and dated of even date herewith between the Company and Xxxxx Partners III, L.P. ("Xxxxx"), as agent for the Purchasers (such agreement, as supplemented, amended or otherwise modified from time to time in accordance with its terms, the "Company General Security Agreement"), including, without limitation, a lien on and security interest in all of the issued and outstanding shares of common stock of Houba, Inc. and Xxxxxx Pharmaceuticals, Inc. pursuant to a separate Stock Pledge Agreement substantially in the form attached as Exhibit L hereto and dated of even date herewith between the Company and Xxxxx, as agent for the Purchasers (such agreement, as supplemented, amended or otherwise modified from time to time in accordance with its terms, the "Stock Pledge Agreement"): (b) Collateral assignments of all leases, contracts, patents, copyrights, trademarks and service marks of the Company.

Appears in 1 contract

Samples: Debenture Purchase Agreement (Halsey Drug Co Inc/New)

AutoNDA by SimpleDocs

Company Security Documents. All of the obligations of the Company under the Transaction Documents to or for the benefit of the Purchasers (or their agents and representatives) shall be secured by the following items (collectively, the "Company Debenture Collateral"), each of which, except for Permitted Liens, shall be (i) junior and subordinate to the lien granted to Xxxxxx Wxxxxx pursuant to the Xxxxxx Wxxxxx Term Loans, and (ii) senior and superior to those liens granted to the investors in the Existing Debentures, all as more specifically set forth in the Subordination Agreement: (a) A lien on all the personal property and assets of the Company now existing or hereinafter acquired granted pursuant to a Company General Security Agreement substantially in the form attached as Exhibit E hereto and dated of even date herewith between the Company and Xxxxx Gxxxx Partners III, L.P. ("XxxxxGxxxx"), as agent for the Purchasers (such agreement, as supplemented, amended or otherwise modified from time to time in accordance with its terms, the "Company General Security Agreement"), including, without limitation, a lien on and security interest in all of the issued and outstanding shares of common stock of Houba, Inc. and Xxxxxx Hxxxxx Pharmaceuticals, Inc. pursuant to a separate Stock Pledge Agreement substantially in the form attached as Exhibit L hereto and dated of even date herewith between the Company and XxxxxGxxxx, as agent for the Purchasers (such agreement, as supplemented, amended or otherwise modified from time to time in accordance with its terms, the "Stock Pledge Agreement"): (b) Collateral assignments of all leases, contracts, patents, copyrights, trademarks and service marks of the Company.

Appears in 1 contract

Samples: Debenture Purchase Agreement (Galen Partners Iii L P)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!