Common use of Pari Passu Clause in Contracts

Pari Passu. Except as otherwise set forth herein, all payments made on this Note and the Other Notes and all actions taken by the Borrower with respect to this Note and the Other Notes, shall be made and taken pari passu with respect to this Note and the Other Notes.

Appears in 19 contracts

Samples: Convertible Security Agreement (Wearable Health Solutions, Inc.), Convertible Security Agreement (Pacific Software, Inc.), Convertible Security Agreement (Pacific Software, Inc.)

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Pari Passu. Except as otherwise set forth herein, all payments made on this Note and the Other Notes and all actions taken by the Borrower with respect to this Note and the Other Notes, including but not limited to Optional Redemption, shall be made and taken pari passu with respect to this Note and the Other NotesNotes and the Holders thereof.

Appears in 5 contracts

Samples: Convertible Security Agreement (Reign Sapphire Corp), Convertible Security Agreement (Gratitude Health, Inc.), Convertible Security Agreement (Reign Sapphire Corp)

Pari Passu. Except as otherwise set forth herein, all payments made on this Note and the Other Notes and all actions taken by the Borrower with respect to this Note and the Other Notes, Notes shall be made and taken pari passu with respect to this Note and the Other Notes.

Appears in 5 contracts

Samples: 10% Note (Stronghold Digital Mining, Inc.), 10.0% Note (Stronghold Digital Mining, Inc.), 10.0% Note (Stronghold Digital Mining, Inc.)

Pari Passu. Except as otherwise set forth herein, all All payments made on this Note and the Other Notes and except as otherwise set forth herein all actions taken by the Borrower with respect to this Note and the Other Notes, including but not limited to mandatory conversion, shall be made and taken pari passu with respect to this Note and the Other Notes.

Appears in 4 contracts

Samples: Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.)

Pari Passu. Except as otherwise set forth herein, all payments made on this Note and the Other Notes and all actions taken by the Borrower with respect to this Note and the Other Notes, including but not limited to Mandatory Conversion, shall be made and taken pari passu with respect to this Note and the Other Notes.

Appears in 1 contract

Samples: Convertible Security Agreement (General Employment Enterprises Inc)

Pari Passu. Except as otherwise set forth herein, all All payments made on this Note and the Other Notes and except as otherwise set forth herein all actions taken by the Borrower with respect to this Note and the Other Notes, including but not limited to Mandatory Conversion and Optional Redemption (as set forth in Article III), shall be made and taken pari passu with respect to this Note and the Other Notes.

Appears in 1 contract

Samples: Subscription Agreement (Megawest Energy Corp.)

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Pari Passu. Except as otherwise set forth herein, all All payments made on this Note and the Other Notes and except as otherwise set forth herein all actions taken by the Borrower with respect to this Note and the Other Notes, including but not limited to optional redemption, shall be made and taken pari passu with respect to this Note and the Other Notes.

Appears in 1 contract

Samples: Leakout Agreement (China Yongxin Pharmaceuticals Inc.)

Pari Passu. Except as otherwise set forth herein, all payments made on this Note and the Other Notes and all actions taken by the Borrower with respect to this Note and the Other Notes, shall be made and taken pari passu with respect to this Note and the Other Notes. There is no restriction whatsoever on the incurrence by the Borrower of other debt, including debt which may be senior to the Notes.

Appears in 1 contract

Samples: Convertible Note Agreement (Viatar CTC Solutions Inc.)

Pari Passu. Except as otherwise set forth herein, all payments made on this Note and the Other Notes and all actions taken by the Borrower with respect to this Note and the Other Notes, Notes shall be made and taken pari passu with respect to this Note and the Other Notes.

Appears in 1 contract

Samples: Promissory Note (Alternus Energy Inc.)

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