Lien Subordination. The security interest granted in this Agreement is subordinate to the security interest that Bank or its successor or assignee may hold from time to time in the Collateral. Notwithstanding the respective dates of attachment or perfection of the security interest of Purchaser and the security interest of Bank, the security interest of Bank shall at all time be prior to the security interest of Purchaser.
Appears in 21 contracts
Samples: Note and Warrant Purchase Agreement (Salon Media Group Inc), Note and Warrant Purchase Agreement (Salon Media Group Inc), Note and Warrant Purchase Agreement (Salon Media Group Inc)
