Security and Ranking. Save for any Permitted Liens, no Encumbrance exists over any of the undertaking or the present or future revenues or assets of the Guarantor and the obligations of the Guarantor under this Guarantee are or will be its direct, general and unconditional obligations and rank or will rank at least pari passu in all respects with all its other present and future unsecured and unsubordinated indebtedness and obligations (including contingent obligations), with the exception of indebtedness and obligations mandatorily preferred by law and not by contract.
Appears in 8 contracts
Samples: Deed of Guarantee and Indemnity (Borqs Technologies, Inc.), Deed of Guarantee and Indemnity (Borqs Technologies, Inc.), Deed of Guarantee and Indemnity (Borqs Technologies, Inc.)
