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.
Appears in 8 contracts
Samples: Side Letter Agreement (TWO HANDS Corp), Side Letter Agreement (TWO HANDS Corp), Side Letter Agreement (TWO HANDS Corp)
Senior Obligation. The Company shall cause this Note and all other existing Notes with the Holder Agreement ("Holder's Debt") to be senior in right of payment to all other indebtedness Indebtedness of the CompanyCompany for the Collateral.
Appears in 4 contracts
Samples: Purchase Order Financing Agreement (Challenger Powerboats, Inc.), Purchase Order Financing Agreement (Challenger Powerboats, Inc.), Receivable Factoring Agreement (Challenger Powerboats, Inc.)
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 Indebtedness of the Company.
Appears in 2 contracts
Samples: Asset Purchase Agreement (FTS Group, Inc.), Asset Purchase Agreement (On the Go Healthcare Inc)
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 current or future debt of the Company. The Company warrants that it has taken all necessary steps to subordinate its other obligations to the rights of the Holder in this Note.
Appears in 1 contract
