Ranking of Debentures. Except as permitted by the Debentures, no Indebtedness of the Company will rank senior to or pari passu with the Debentures in right of payment, whether with respect to payment of redemptions, interest, damages or upon liquidation or dissolution or otherwise.
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Samples: Securities Exchange Agreement (Maverick Oil & Gas, Inc.), Securities Purchase Agreement (EnerJex Resources, Inc.), Securities Purchase Agreement (U S Wireless Data Inc)
Ranking of Debentures. Except as permitted by the Debentures, no No Indebtedness of any of the Company Companies will rank senior to or pari passu with the Debentures in right of payment, whether with respect to payment of redemptions, interest, damages or upon liquidation or dissolution or otherwise.
Appears in 1 contract
Samples: Securities Purchase Agreement (Global Aircraft Solutions, Inc.)
Ranking of Debentures. Except as permitted by the Debentures and the Prior Debentures, no Indebtedness of the Company or Parent will rank senior to or pari passu with the Debentures in right of payment, whether with respect to payment of redemptions, interest, damages or upon liquidation or dissolution or otherwise.
Appears in 1 contract
Samples: Securities Purchase Agreement (Guardian 8 Holdings)
Ranking of Debentures. No Indebtedness of the Company is senior to the Debentures in right of payment, whether with respect of payment of redemptions, interest, damages or upon liquidation or dissolution or otherwise. Except as permitted by for the Pari Passu Debentures, no Indebtedness of the Company will rank senior to or ranks pari passu with the Debentures in right of payment, whether with respect to of payment of redemptions, interest, damages or upon liquidation or dissolution or otherwise.
Appears in 1 contract
Samples: Securities Purchase Agreement (Millennium Cell Inc)
Ranking of Debentures. Except as permitted by the Debentures, no Indebtedness of the Company or Parent will rank senior to or pari passu with the Debentures in right of payment, whether with respect to payment of redemptions, interest, damages or upon liquidation or dissolution or otherwise.
Appears in 1 contract
Samples: Securities Purchase Agreement (Guardian 8 Holdings)
Ranking of Debentures. Except as permitted by the DebenturesDebenture and except with respect to the Parent’s existing convertible debt instruments, no Indebtedness of the Company will rank senior to or pari passu with the Debentures in right of payment, whether with respect to payment of redemptions, interest, damages or upon liquidation or dissolution or otherwise.
Appears in 1 contract
