Common use of Obligations of Company Unconditional Clause in Contracts

Obligations of Company Unconditional. Nothing contained in this ------------------------------------ Subordination Agreement is intended to or shall impair, as among the Company and holders of Notes, the obligation of the Company, which is absolute and unconditional, to pay to the holder of the Notes the principal of, premium, if any, and interest on the Notes as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the holder of the Notes and creditors of the Company other than the holders of the Senior Debt.

Appears in 3 contracts

Samples: Subordination Agreement (Dovebid Inc), Stock Purchase Agreement (Dovebid Inc), Subordination Agreement (Dovebid Inc)

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Obligations of Company Unconditional. Nothing contained in this ------------------------------------ Subordination Agreement is intended to or shall impair, as among the Borrower, the Company and holders of Notesthe Subordinated Creditor, the obligation obligations of the Borrower or the Company, which is are absolute and unconditional, to pay to the holder of the Notes Subordinated Creditor the principal of, premium, if any, of and interest on the Notes Subordinated Debt as and when the same shall become due and payable in accordance with their its terms, or is intended to or shall affect the relative rights of the holder of the Notes Subordinated Creditor and creditors of the Borrower or the Company other than the holders of the Senior DebtCreditors.

Appears in 2 contracts

Samples: Subordination Agreement (Renova Media Enterprises Ltd.), Subordination Agreement (Moscow Cablecom Corp)

Obligations of Company Unconditional. Nothing contained in this ------------------------------------ Subordination Agreement is intended to or shall impair, as among the Company and holders the holder of Notesthe Note, the obligation of the Company, which is absolute and unconditional, to pay to the holder of the Notes Note the principal of, premium, if any, and interest on the Notes Note as and when the same shall become due and payable in accordance with their its terms, or is intended to or shall affect the relative rights of the holder of the Notes Note and creditors of the Company other than the holders of the Senior Debt.

Appears in 1 contract

Samples: Subordination Agreement (Dovebid Inc)

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Obligations of Company Unconditional. Nothing contained in this ------------------------------------ Subordination Agreement is intended to or shall impair, as among the Company and holders the holder of Notesthe Note, the obligation of the Company, which is absolute and unconditional, to pay to the holder of the Notes Note the principal of, premium, if any, and interest on the Notes Note as and when the same shall become due and payable in accordance with their its terms, or is intended to or shall affect the relative rights of the holder of the Notes Note and creditors of the Company other than the holders of the Senior Debt.

Appears in 1 contract

Samples: Subordination Agreement (Dovebid Inc)

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