No Senior Debt. So long as this Note is outstanding, Company will not incur on or after the Closing Date any indebtedness for borrowed money that is not expressly subordinated to this Note, without the prior written consent of Lender. For the avoidance of doubt, the phrase “indebtedness for borrowed money” will not include ordinary-course obligations to trade creditors.
Appears in 10 contracts
Samples: System and Lead Development and Transfer Agreement (Mri Interventions, Inc.), Technology License Agreement (Mri Interventions, Inc.), Technology License Agreement (Mri Interventions, Inc.)
