Common use of Notwithstanding Clause in Contracts

Notwithstanding. (i) the time, place, order of execution or recordation of this Note, (ii) any terms or provisions of this Note to the contrary, or (iii) any law, rule or regulation of any applicable governmental body to the contrary, the Holder and the Company hereby confirm and agree that: (A) this Note is hereby expressly made subject to and subordinate in priority to any future indebtedness of the Company that is denominated as senior in collection and/or payment to the Note (“Senior Debt”); (B) this Note shall be subject, and subordinate in payment, to the Senior Debt; and (C) the terms and provisions of this Note are expressly hereby made subject to and subordinate to the terms and provisions of the Senior Debt. Without limiting the foregoing, the Holder agrees that all rights of the Holder in this Note shall be expressly subject to and subordinate to the rights of any holder of Senior Debt. La Rxxx Holdings Corp. – Unsecured Subordinated Promissory Note 2

Appears in 4 contracts

Samples: Unsecured Subordinated Promissory Note (La Rosa Holdings Corp.), Unsecured Subordinated Promissory Note (La Rosa Holdings Corp.), Unsecured Subordinated Promissory Note (La Rosa Holdings Corp.)

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Notwithstanding. (i) the time, place, order of execution or recordation of this Note, (ii) any terms or provisions of this Note to the contrary, or (iii) any law, rule or regulation of any applicable governmental body to the contrary, the Holder and the Company hereby confirm and agree that: (A) this Note is hereby expressly made subject to and subordinate in priority to any future indebtedness of the Company that is denominated as senior in collection and/or payment to the Note (“Senior Debt”); (B) this Note shall be subject, and subordinate in payment, to the Senior Debt; and (C) the terms and provisions of this Note are expressly hereby made subject to and subordinate to the terms and provisions of the Senior Debt. Without limiting the foregoing, the Holder agrees that all rights of the Holder in this Note shall be expressly subject to and subordinate to the rights of any holder of Senior Debt. La Rxxx Holdings Corp. – Unsecured Subordinated Promissory Note 2Note

Appears in 1 contract

Samples: Unsecured Subordinated Promissory Note (La Rosa Holdings Corp.)

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Notwithstanding. (i) the time, place, order of execution or recordation of this Note, (ii) any terms or provisions of this Note to the contrary, or (iii) any law, rule or regulation of any applicable governmental body to the contrary, the Holder and the Company hereby confirm and agree that: (A) this Note is hereby expressly made subject to and subordinate in priority to any future indebtedness of the Company that is denominated as senior in collection and/or payment to the Note (“Senior Debt”); (B) this Note shall be subject, and subordinate in payment, to the Senior Debt; and (C) the terms and provisions of this Note are expressly hereby made subject to and subordinate to the terms and provisions of the Senior Debt. Without limiting the foregoing, the Holder agrees that all rights of the Holder in this Note shall be expressly subject to and subordinate to the rights of any holder of Senior Debt. La Rxxx Holdings Corp. - Unsecured Subordinated Promissory Note 2

Appears in 1 contract

Samples: Unsecured Subordinated Promissory Note (La Rosa Holdings Corp.)

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