Common use of Priority; Security Clause in Contracts

Priority; Security. The obligation evidenced by this Debenture shall be subordinate to all other obligations of the Company other than obligations specifically designated otherwise by the Company. The obligation is secured by a first priority security interest in certain assets of the Company as more particularly described in that certain Security Agreement between the Company and the Holder of even date herewith.

Priority; Security. The obligation evidenced by this Debenture shall be subordinate to all other obligations a senior obligation of the Company Company, other than obligations specifically designated otherwise by the Company. The This obligation is secured by a first priority security interest in certain various mutually-agreed assets of the Company as more particularly described in that certain the Security Agreement between the Company and the Holder of even date executed concurrently herewith.

Priority; Security. The obligation evidenced by this Debenture shall be subordinate to all other obligations of the Company other than obligations specifically designated otherwise by the Company. The obligation is secured by a first priority security interest in certain assets of the Company as more particularly described in that certain Security Agreement between the Company and the Holder of even date herewithis unsecured.

Priority; Security. The obligation evidenced by this Debenture shall be subordinate to all other obligations of the Company other than obligations specifically designated otherwise by the Company. The obligation is secured by a first priority security interest in certain assets of the Company as more particularly described in that certain Security Agreement between the Company and the Holder of even date herewithis unsecured.