Common use of Security and Priority Clause in Contracts

Security and Priority. As security for the obligations of the Company to the Lender, the Company shall execute and deliver to the Agent a General Security Agreement. The Company's repayment obligations under the Note shall rank prior to all other indebtedness of the Company, other than the existing registered charges and security interests listed in Schedule G.

Appears in 3 contracts

Samples: Loan Subscription Agreement (Voice Mobility International Inc), Loan Subscription Agreement (Voice Mobility International Inc), Voice Mobility International Inc

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Security and Priority. As security for the obligations of the Company to the Lender, the Company shall execute and deliver to the Agent a General Security Agreement. The Company's repayment obligations under the Note shall rank prior to all other indebtedness of the Company, other than the existing registered charges and security interests listed in Schedule G.

Appears in 1 contract

Samples: Loan Subscription Agreement (Voice Mobility International Inc)

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