Ranking and Security. The obligations of the Borrower under this Note shall rank senior with respect to any and all unsecured Indebtedness incurred following the Issue Date.
Ranking and Security. The Notes are secured, equally and ratably, by a senior security in the Collateral pursuant to the Security Agreement and the Security Documents referred to in the Indenture. The Notes are secured by a pledge of Collateral pursuant to the Security Documents.
Ranking and Security. This Note is an unsecured obligation of the Borrower.
Ranking and Security. The Notes shall be senior Obligations of the Issuers and shall rank equal in right of payment with all existing and future senior indebtedness of the Issuers and senior in right of payment to all existing and future subordinated debt. The Issuers' Obligations under the Notes shall be fully and unconditionally guaranteed on a senior basis, jointly and severally, by each of the Guarantors. The Guarantees shall be senior Obligations of the Guarantors and shall rank equal in right of payment with all existing and future senior debt of the Guarantors and senior in right of payment to any Indebtedness of the Guarantors that is subordinated to such Guarantees. Pursuant to the Collateral Documents, the Notes and the Guarantees shall be secured by a first priority Lien (subject to certain exceptions described in the Collateral Documents) on the Collateral.
Ranking and Security. The obligations of the Borrower under this Note shall rank subordinate with respect to any and all Indebtedness incurred as of or following the Issue Date.
Ranking and Security. The obligations of the Borrower under this Note shall rank pari passu with respect to any and all unsecured Indebtedness of the Borrower.
Ranking and Security. This Note shall have priority over all unsecured indebtedness of the Borrower, except that this Note shall be pari passu with respect to the March Notes. As used in this Note, the term “March Notes” shall mean, collectively, promissory note(s) issued by the Borrower in the principal amount of up to $1,250,000 in the aggregate (including this Note), so long as such promissory note(s) contain the same exact terms and conditions as contained in this Note.”
Ranking and Security. The Notes will be general obligations of the Company and will rank senior in right of payment to all existing and future indebtedness of the Company that is, by its terms or by the terms of the agreement or instrument governing such indebtedness, expressly subordinated in right of payment to the Notes and PARI PASSU in right of payment with all existing and future senior indebtedness of the Company. In addition, the Notes are secured by the Collateral pursuant to the terms of the Security Documents (as such terms are defined in the Indenture).
Ranking and Security. The Incremental Term Increase shall rank equal in right of payment and equal in right of security with the Initial Dollar Term Loans.
Ranking and Security. The Notes shall be senior secured obligations of the Company and shall effectively rank senior to all of the Company's existing and future unsecured Indebtedness to the extent of the Collateral granted by the Company. The Company's Obligations under the Notes shall be unconditionally guaranteed on a senior basis, jointly and severally, by each of the Guarantors. The Guarantees shall be senior secured obligations of the Guarantors and shall effectively rank senior to all of the Guarantors' existing and future unsecured Indebtedness to the extent of the Collateral granted by such Guarantors. Pursuant to the Collateral Documents, the Notes and the Guarantees shall be secured by a first priority Lien (subject to certain exceptions described therein) on the Collateral.
