Senior Debt Defined. The term "Senior Debt" shall mean -------------------- (i) all Indebtedness of the Company (which is not convertible into equity securities of the Company and is not issued in conjunction with equity securities of the Company or options or warrants to purchase equity securities of the Company) for money borrowed, including any extension or renewals thereof, whether outstanding on the date hereof or thereafter created or incurred, which is not by its terms subordinate and junior to or on a parity with the Notes, and (ii) all other indebtedness to which the obligations of the Notes shall be expressly subordinated by the holders of the Notes in writing, citing this Section 1.06.
Appears in 2 contracts
Samples: Subordinated Convertible Note Purchase Agreement (Photoelectron Corp), Subordinated Convertible Note Purchase Agreement (Photoelectron Corp)
Senior Debt Defined. The term "Senior Debt" shall mean -------------------- (i) all Indebtedness of the Company (which is not convertible into equity securities of the Company and is not issued in conjunction with equity securities of the Company or options or warrants to purchase equity securities of the Company) for money borrowed, including any extension or renewals thereof, whether outstanding on the date hereof or thereafter created or incurred, which is not by its terms subordinate and junior to or on a parity with the NotesNote, and (ii) all other indebtedness to which the obligations of the Notes Note shall be expressly subordinated by the holders holder of the Notes Note in writing, citing this Section 1.06.
Appears in 2 contracts
Samples: Convertible Note and Warrant Purchase Agreement (Photoelectron Corp), Convertible Note and Warrant Purchase Agreement (Photoelectron Corp)
Senior Debt Defined. The term "Senior Debt" shall mean -------------------- (i) all -------------------- Indebtedness of the Company (which is not convertible into equity securities of the Company and is not issued in conjunction with equity securities of the Company or options or warrants to purchase equity securities of the Company) for money borrowed, including any extension or renewals thereof, whether outstanding on the date hereof or thereafter created or incurred, which is not by its terms subordinate and junior to or on a parity with the NotesNote, and (ii) all other indebtedness to which the obligations of the Notes Note shall be expressly subordinated by the holders holder of the Notes Note in writing, citing this Section 1.06.
Appears in 1 contract
Samples: Convertible Note Purchase Agreement (Photoelectron Corp)
