Senior Obligation. The Company shall cause this Note and all other existing Notes with the Holder ("Holder's Debt") to be senior in right of payment to all other indebtedness of the Company.
Senior Obligation. As an inducement for the Investor to enter into this Agreement and to purchase the Note, all obligations of the Company pursuant to this Agreement and the Note shall be senior to all other existing Indebtedness and equity of the Company. Upon any Liquidation Event (as defined in the Note), the Investor will be entitled to receive, before any distribution or payment is made upon, or set apart with respect to, any Indebtedness of the Company or any class of capital stock of the Company, an amount equal to the Outstanding Principal Amount (as defined in the Note).
Senior Obligation. As an inducement for the Investors to enter into this Agreement and to purchase the Units, all obligations of the Company pursuant to this Agreement and the Securities shall be secured by a first priority security interest in and lien upon all assets of the Company and the Subsidiaries.
Senior Obligation. As an inducement for the Investor to enter into this Agreement and to purchase the Note, all obligations of the Company pursuant to this Agreement and the Note shall be secured by a first priority security interest in and lien upon all assets of the Company, other than, so long as the Intercreditor Agreement is in effect, the Company’s Accounts (as such term is used in the Intercreditor Agreement) in which the Investor will have a second priority security interest so long as the Intercreditor Agreement is in effect, pursuant to the terms of the Security Agreement.
Senior Obligation. The Company shall cause this Agreement to be senior in right of payment to all other Indebtedness of the Company for the Collateral.
Senior Obligation. The obligations of the Company under this Note are secured by all assets of the Company and each Subsidiary pursuant to the Security Agreement, dated as of February 15, 2022 between the Company, the Subsidiaries of the Company, the Collateral Agent and the Secured Parties (as defined therein). Until such time as: (i) 50% or more of the principal and interest of the Notes and (ii) provided that there have been no Event of Default under the Notes, the Company shall not incur or suffer to exist or guarantee any Indebtedness that is senior to or pari passu with (in priority of payment and performance) the Company's obligations under this Note.
Senior Obligation. As an inducement for the Investors to enter into this Agreement and to purchase the Notes, all obligations of the Obligors pursuant to the Transaction Documents shall be secured by a security interest in and lien upon all of the assets of the Obligors except as set forth in the Security Agreement.
Senior Obligation. (i) The Put shall be a senior obligation of AWS and shall rank pari passu in right of payment with all other senior obligations of AWS (it being understood that, except as provided below, inter-company obligations shall rank junior for purposes of this Section 9.5).
Senior Obligation. So long as the Company shall have any obligation under this Note, the Company shall not incur or suffer to exist or guarantee any unsecured Indebtedness that is senior to or pari passu with (in priority of payment and performance) the Company’s obligations under this Note.
Senior Obligation. The obligations of the Company under this Note are secured by all assets of the Company and each Subsidiary pursuant to a Security Agreement, dated as of February 15, 2022 between the Company, the Subsidiaries of the Company, the Collateral Agent and the Secured Parties (as defined therein), as amended by that Amendment Agreement dated as of October 27, 2022 between the Company and the Collateral Agent.
