No Collateral. The Company and its Subsidiaries shall not grant, and the Noteholder shall not demand, accept or receive, any collateral, direct or indirect, for any Subordinated Indebtedness, whether by way of security interest, pledge, lien or otherwise.
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Samples: Subordinated Note (Katy Industries Inc), Subordinated Note (Katy Industries Inc), Subordinated Note (Katy Industries Inc)
No Collateral. The Company and its Subsidiaries shall not grant, and the Noteholder Junior Creditor shall not demand, accept or receive, any collateral, direct or indirect, for any Subordinated Indebtedness, whether by way of security interest, pledge, lien or otherwise.
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No Collateral. The Company and its Subsidiaries shall not grant, and the Noteholder shall not demand, accept or receive, any collateral, direct or indirect, for any Subordinated Indebtedness, whether by way of security interest, pledge, lien or otherwiseNote Obligation.
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