Common use of Security and Ranking Clause in Contracts

Security and Ranking. The Senior Secured Notes and all other obligations of the Company under this Agreement and the other Transaction Documents shall be secured by substantially all of the assets of the Company, as described in the Security Agreement (collectively, the “Collateral”), dated as of even date herewith, by and between each Purchaser and the Company. As an inducement to each Purchaser to purchase the Senior Secured Notes and the other Securities described herein and execute and enter into this Agreement, and to secure prompt payment of the Senior Secured Notes and the discharge in full of the Company’s obligations under this Agreement and under the Senior Secured Notes, this Agreement and the other Transaction Documents, the Company shall grant to the Purchasers a first priority perfected lien and security interest in the Collateral, which security interest shall rank senior in lien priority to any other existing or future Indebtedness.

Security and Ranking. The Senior Secured Notes Note and all other obligations of the Company under this Agreement and the other Transaction Documents shall be secured by substantially all of the assets of the Company, as described in the Security Agreement (collectively, the “"Collateral”"), dated as of even date herewith, by and between each Purchaser and the Company. As an inducement to each Purchaser to purchase the Senior Secured Notes Note and the other Securities described herein and execute and enter into this Agreement, and to secure prompt payment of the Senior Secured Notes Note and the discharge in full of the Company’s 's obligations under this Agreement and under the Senior Secured NotesNote, this Agreement and the other Transaction Documents, the Company shall grant to the Purchasers Purchaser a first priority perfected lien and security interest in the Collateral, which security interest shall rank senior in lien priority to any other existing or future Indebtedness.

Security and Ranking. The Senior Secured Notes and all other obligations of the Company under this Agreement and the other Transaction Documents shall be secured by substantially all of the assets of the Company, as described in the Security Agreement (collectively, the “"Collateral”"), dated as of even date herewith, by and between each Purchaser and the Company. As an inducement to each Purchaser to purchase the Senior Secured Notes and the other Securities described herein and execute and enter into this Agreement, and to secure prompt payment of the Senior Secured Notes and the discharge in full of the Company’s 's obligations under this Agreement and under the Senior Secured Notes, this Agreement and the other Transaction Documents, the Company shall grant to the Purchasers a first priority perfected lien and security interest in the Collateral, which security interest shall rank senior in lien priority to any other existing or future Indebtedness.