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Common use of Senior Debt Clause in Contracts

Senior Debt. The Company shall not issue any new indebtedness which is senior in rank to the Notes while the Notes are outstanding.

Appears in 28 contracts

Samples: Securities Purchase Agreement (Kindly MD, Inc.), Securities Purchase Agreement (Kindly MD, Inc.), Securities Purchase Agreement (Kindly MD, Inc.)

Senior Debt. The Company shall not issue any new indebtedness which is senior in rank to the Notes Debenture while the Notes are Debenture is outstanding.

Appears in 6 contracts

Samples: Securities Purchase Agreement (Innovative Payment Solutions, Inc.), Securities Purchase Agreement (Innovative Payment Solutions, Inc.), Securities Purchase Agreement (Innovative Payment Solutions, Inc.)

Senior Debt. The Except for Permitted Indebtedness (as defined in the Note), the Company shall not issue any new indebtedness which is senior in rank to the Notes while the Notes are outstanding.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Healthy Choice Wellness Corp.), Securities Purchase Agreement (Healthier Choices Management Corp.)