Ranking of Note. Subject at all times to the subordination provisions set forth in Section 9 hereof, this Note shall constitute senior securities of the Company and, except as provided below, shall rank pari passu with all other indebtedness for money borrowed by the Company and senior to any other indebtedness for money borrowed by the Company which, by its terms shall be made expressly subject and subordinated to this Note.
Appears in 10 contracts
Samples: Warrant Agreement (National Boston Medical Inc), Warrant Agreement (National Boston Medical Inc), Clements Golden Phoenix Enterprises Inc
Ranking of Note. Subject at all times time to the subordination provisions set forth in Section 9 11 hereof, this Note Note, together with the other Notes issued pursuant to the Securities Purchase Agreement, shall constitute senior securities of the Company and, except as provided below, shall rank pari passu with all other indebtedness for money borrowed by the Company and senior to any other indebtedness for money borrowed by of the Company which, by its terms shall be made expressly subject and subordinated to this Note.
Appears in 2 contracts
Samples: Environmental Remediation Holding Corp, Environmental Remediation Holding Corp
Ranking of Note. Subject at all times time to the subordination provisions set forth in Section 9 hereof, this Note shall constitute senior securities of the Company and, except as provided below, shall rank pari passu with all other indebtedness for money borrowed by the Company and senior to any other indebtedness for money borrowed by the Company which, by its terms shall be made expressly subject and subordinated to this Note.
Appears in 2 contracts
Samples: Environmental Remediation Holding Corp, Environmental Remediation Holding Corp
Ranking of Note. Subject at all times time to the subordination provisions set forth in Section 9 hereof, this Note Note, together with the other Notes issued pursuant to the Securities Purchase Agreement, shall constitute senior securities of the Company and, except as provided below, shall rank pari passu with all other indebtedness for money borrowed by of the Company and senior to any other indebtedness for money borrowed by of the Company which, by its terms shall be made expressly subject and subordinated to this Note.
Appears in 1 contract
Samples: Securities Purchase Agreement (Environmental Remediation Holding Corp)
Ranking of Note. Subject at all times time to the subordination provisions set forth in Section 9 hereof, this Note shall constitute senior securities of the Company and, except as provided below, and shall rank pari passu with all other indebtedness for money borrowed by the Company and senior to any other indebtedness for money borrowed by the Company which, by its terms shall be made expressly subject and subordinated to this Note.
Appears in 1 contract
