Common use of Ranking of Note Clause in Contracts

Ranking of Note. Other than Permitted Indebtedness (as defined in the Note), no Indebtedness of the Company, at the Closing, will be senior to, or pari passu with, the Note in right of payment, whether with respect to payment or redemptions, interest, damages, upon liquidation or dissolution or otherwise.

Appears in 2 contracts

Samples: Securities Purchase Agreement (ARJ Consulting, LLC), Securities Purchase Agreement (Verus International, Inc.)

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Ranking of Note. Other than Permitted Indebtedness (as defined in the Note), no No Indebtedness of the CompanyCompany is, at the Closing, or will be upon consummation of the transactions contemplated hereby and by the other Transaction Documents, senior to, to or pari passu with, with the Note in right of payment, whether with respect to of payment or of redemptions, interest, damages, upon liquidation interest or dissolution or otherwiseprincipal.

Appears in 1 contract

Samples: Securities Purchase Agreement (Gulf Western Petroleum Corp)

Ranking of Note. Other than Permitted Indebtedness (Except for the Senior Notes or as defined set forth in the NoteSchedule 3(qq), no Indebtedness of the Company, at the Closing, will be senior to, or pari passu with, the Note in right of payment, whether with respect to payment or redemptions, interest, damages, upon liquidation or dissolution or otherwise.

Appears in 1 contract

Samples: Debt Exchange Agreement (Digital Domain Media Group, Inc.)

Ranking of Note. Other than Permitted Indebtedness (as defined in the Note), no No Indebtedness of the Company, at the Closing, will be Company is senior to, to or ranks pari passu with, with the Note in right of payment, whether with respect to of payment or of redemptions, interest, damages, damages or upon liquidation or dissolution or otherwise, except that the Convertible Note shall rank pari passu with the Note.

Appears in 1 contract

Samples: Note Purchase Agreement (Gold Lakes Corp.)

Ranking of Note. Other At the Closing, (i) no Indebtedness of the Company will be senior to or pari passu with the Note, other than Permitted Indebtedness (as defined in the Note) and, without duplication, other Indebtedness secured by Permitted Liens (as defined in the Note), ; and (ii) no Indebtedness of the Company, at the Closing, Company will be senior to, or pari passu with, secured by any Liens other than Permitted Liens (as defined in the Note in right of payment, whether with respect to payment or redemptions, interest, damages, upon liquidation or dissolution or otherwiseNote).

Appears in 1 contract

Samples: Securities Purchase Agreement

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Ranking of Note. Other than Permitted Indebtedness (as defined in the Note), no No unsecured Indebtedness of the Company, at the Closing, will be senior to, or pari passu with, to the Note in right of payment, whether with respect to payment or redemptions, interest, damages, upon liquidation or dissolution or otherwise.

Appears in 1 contract

Samples: Securities Purchase Agreement (Intercloud Systems, Inc.)

Ranking of Note. Other than Permitted Indebtedness (as defined in the Note), no No Indebtedness of the Company, at the Closing, will be senior to, or pari passu with, the Note in right of payment, whether with respect to payment or redemptions, interest, damages, upon liquidation or dissolution or otherwise.

Appears in 1 contract

Samples: Securities Purchase Agreement (Multimedia Platforms Inc.)

Ranking of Note. Other than Permitted Indebtedness (as defined in the Note), no No unsecured Indebtedness of the Company, at the Closing, will be senior to, or pari passu with, the Note in right of payment, whether with respect to payment or redemptions, interest, damages, upon liquidation or dissolution or otherwise.

Appears in 1 contract

Samples: Securities Purchase Agreement (Intercloud Systems, Inc.)

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