Common use of Priority Obligations Clause in Contracts

Priority Obligations. The Company will ensure that its obligations pursuant to this Agreement and the Notes will at all times rank at least pari passu, without preference or priority, with all of the outstanding unsecured and unsubordinated Indebtedness of the Company.

Appears in 3 contracts

Samples: Note Purchase Agreement (Oaktree Capital Group, LLC), Note Purchase Agreement (Oaktree Capital Group, LLC), Note Purchase Agreement (Oaktree Capital Group, LLC)

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Priority Obligations. The Company will ensure that its payment obligations pursuant to under this Agreement and the Notes will at all times rank at least pari passu, without preference or priority, with all of the outstanding other unsecured and unsubordinated Indebtedness of the Company.

Appears in 2 contracts

Samples: Note Exchange Agreement (Kingstone Companies, Inc.), Note and Warrant Exchange Agreement (Kingstone Companies, Inc.)

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