Security for Subordinated Indebtedness. The Subordinated Creditor and the Company agree, represent and warrant that the Subordinated Indebtedness is secured by a subordinate security interest in the Security and a first lien security interest in the collateral described in the Pledge Agreement, the Security Agreement, and any UCC financing statement filed in connection therewith.
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Samples: Subordination Agreement, Subordination Agreement, Subordination Agreement (Act Teleconferencing Inc)
Security for Subordinated Indebtedness. The Subordinated Creditor and the Company agree, represent and warrant that the Subordinated Indebtedness is not, and shall not be, secured in any way directly or indirectly by a subordinate security interest in any Security, other than the Security and a first lien security interest in the collateral described in the Pledge AgreementMortgage, the Security Agreement, lien thereof and the property encumbered thereby and any UCC financing statement filed in connection therewith.
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