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.
Appears in 5 contracts
Samples: Securities Purchase Agreement (Ionix Technology, Inc.), Securities Purchase Agreement (Ionix Technology, Inc.), Securities Purchase Agreement (Growlife, Inc.)
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 DateDate and be secured by all the assets of the Company and its subsidiaries and by the Reserve Amount as defined herein.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Grom Social Enterprises, Inc.), Securities Purchase Agreement (Grom Social Enterprises, Inc.)
Ranking and Security. The obligations of the Borrower under this Note shall rank senior with respect to any and all unsecured Indebtedness incurred as of or following the Issue DateDate and be secured by all the assets of the Company and its subsidiaries and by the Reserve Amount as defined herein.
Appears in 1 contract
Samples: Securities Purchase Agreement (ETAO International Co., Ltd.)
