Granting of Security. So long as any portion of Convertible Debenture is outstanding neither the Company nor any subsidiary may grant, issue or allow to exist any security interest in any or all of the assets of the Company and or subsidiary.
Appears in 13 contracts
Samples: Securities Purchase Agreement (Samsara Luggage, Inc.), Securities Purchase Agreement (Kraig Biocraft Laboratories, Inc), Securities Purchase Agreement (Kona Gold Beverage, Inc.)
Granting of Security. So long as any portion of Convertible Debenture is Debentures are outstanding neither the Company nor any subsidiary may grant, issue or allow to exist any security interest in any or all of the assets of the Company and or subsidiary.
Appears in 4 contracts
Samples: Securities Purchase Agreement (Samsara Luggage, Inc.), Securities Purchase Agreement (Electromedical Technologies, Inc), Securities Purchase Agreement (Generation Alpha, Inc.)
Granting of Security. So long as any portion of Convertible Debenture is Debentures are outstanding neither the Company nor any subsidiary may grant, issue or allow to exist any security interest in any or all of the assets of the Company and or subsidiary, other than Permitted Liens (as defined in the Security Agreement).
Appears in 1 contract
Samples: Securities Purchase Agreement (Galaxy Next Generation, Inc.)
Granting of Security. So long as any portion of Convertible Debenture is outstanding neither the Company nor any subsidiary may grant, issue or allow to exist any security interest in any or all of the assets of the Company and or subsidiary. 6.
Appears in 1 contract
Samples: Securities Purchase Agreement
Granting of Security. So long as any portion of the Convertible Debenture is outstanding neither the Company nor any subsidiary may grant, issue or allow to exist any security interest in any or all of the assets of the Company and or subsidiary.
Appears in 1 contract
Samples: Securities Purchase Agreement (Samsara Luggage, Inc.)
Granting of Security. So long as any portion of the Convertible Debenture Debentures is outstanding neither the Company nor any subsidiary may grant, issue or allow to exist any security interest in any or all of the assets of the Company and or subsidiary.
Appears in 1 contract
Samples: Securities Purchase Agreement (Samsara Luggage, Inc.)
Granting of Security. So long as any portion of Convertible Debenture Debentures is outstanding neither the Company nor any subsidiary may grant, issue or allow to exist any security interest in any or all of the assets of the Company and or subsidiary, except as otherwise required pursuant to any other agreement between the Company or any subsidiary and the Investor.
Appears in 1 contract
Samples: Securities Purchase Agreement (Kona Gold Beverage, Inc.)
