Common use of Rank of Indebtedness Clause in Contracts

Rank of Indebtedness. Except as set forth on Schedule 2.1(k), no Indebtedness of the Company or any of its Subsidiaries existing as of the Closing is senior to, or pari passu with, the Notes in right of payment or redemption, whether with respect to interest, damages or upon liquidation or dissolution or otherwise.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Victory Electronic Cigarettes Corp), Securities Purchase Agreement (Elephant Talk Communications Corp)

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Rank of Indebtedness. Except as set forth on Schedule 2.1(k)3.30, no Indebtedness of the Company or any of its Subsidiaries existing as of the Closing is senior to, or pari passu with, the Notes Term Loan in right of payment or redemption, whether with respect to interest, damages or upon liquidation or dissolution or otherwise.

Appears in 2 contracts

Samples: Credit Agreement (Electronic Cigarettes International Group, Ltd.), Credit Agreement (Electronic Cigarettes International Group, Ltd.)

Rank of Indebtedness. Except as set forth on out in Schedule 2.1(k), no Indebtedness of the Company or any of its Subsidiaries existing as of the Closing is senior to, or pari passu with, the Notes Bonds and the Convertible Bonds, as the case may be, in right of payment or redemption, whether with respect to interest, damages or upon liquidation or dissolution or otherwise, save for Indebtedness that is senior or pan passu pursuant to applicable law.

Appears in 1 contract

Samples: Investment Agreement (Digital Social Retail, Inc.)

Rank of Indebtedness. Except as set forth on Schedule 2.1(k2.1(l), no Indebtedness of the Company or any of its Subsidiaries existing as of the Closing is senior to, or pari passu with, the Notes (as defined herein) in right of payment or redemption, whether with respect to interest, damages or upon liquidation or dissolution or otherwise.

Appears in 1 contract

Samples: Warrant Purchase Agreement (Ants Software Inc)

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Rank of Indebtedness. Except as set forth on Schedule 2.1(k), no No Indebtedness of the Company or any of its Subsidiaries existing as of the Initial Closing Date is senior to, or pari passu with, the Notes Debentures in right of payment or redemption, whether with respect to interest, damages or upon liquidation or dissolution or otherwise.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tanzanian Royalty Exploration Corp)

Rank of Indebtedness. Except as set forth on Schedule 2.1(k2.1(l), no Indebtedness of the Company or any of its Subsidiaries existing as of the Closing is senior to, or pari passu with, the Notes in right of payment or redemption, whether with respect to interest, damages or upon liquidation or dissolution or otherwise.

Appears in 1 contract

Samples: Note Purchase Agreement (Ants Software Inc)

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