Priority of Loan. At the time of origination of the Loan and at all times during the term of the Loan, the Loan shall be senior to, or pari passu with, in terms of priority and security, the Borrower’s other loans or debt instruments, other than Mortgage Debt.
Appears in 3 contracts
Samples: Loan and Security Agreement (Venus Concept Inc.), Loan and Security Agreement (ARC Group, Inc.), Loan and Security Agreement (ARC Group, Inc.)
Priority of Loan. At the time of origination of the Loan and at all times during the term of the Loan, the Loan shall be senior to, or pari passu with, in terms of priority and security, the BorrowerBorrower’seach Loan Party’s other loans or debt instruments, other than Mortgage Debt.
Appears in 1 contract
Samples: Loan Amendment and Consent Agreement (Venus Concept Inc.)
