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.
Appears in 2 contracts
Samples: Unit Purchase Agreement (Marizyme Inc), Unit Purchase Agreement (Marizyme Inc)
Senior Obligation. As an inducement for the Investors Investor to enter into this Agreement and to purchase the UnitsNote, all obligations of the Company pursuant to this Agreement and the Securities Note shall be secured by a first priority security interest in and lien upon all assets of the Company pursuant to the terms of the Security Agreement and the Subsidiariesother Security Documents.
Appears in 1 contract
Samples: Securities Purchase Agreement (Golden Matrix Group, Inc.)
Senior Obligation. As an inducement for the Investors each Major Investor to enter into this Agreement and to purchase the UnitsNotes being purchased by Major Investors, all obligations of the Company pursuant to this Agreement and the Securities Notes being purchased by Major Investors shall be secured by a first priority security interest in and lien upon substantially all of the assets of the Company and Company, other than as described in the SubsidiariesSecurity Agreement.
Appears in 1 contract
Samples: Securities Purchase Agreement (Seelos Therapeutics, Inc.)
Senior Obligation. As an inducement for the Investors to enter into this Agreement and to purchase the UnitsNotes and accompanying Warrants, 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, except that such priority security interest shall be junior to the security interest of the existing bank loans as set forth in Schedule 3.12.
Appears in 1 contract
Senior Obligation. As an inducement for the Investors Investor to enter into this Agreement and to purchase the UnitsNote, all obligations of the Company pursuant to this Agreement and the Securities Note shall be secured by a first priority security interest in and lien upon substantially all of the assets of the Company and Company, other than as described in the SubsidiariesSecurity Agreement.
Appears in 1 contract
Samples: Securities Purchase Agreement (Seelos Therapeutics, Inc.)
