Common use of Status of Note Clause in Contracts

Status of Note. This Note is a direct, general and unconditional obligation of the Company, and constitutes a valid and legally binding obligation of the Company, enforceable in accordance with its terms subject, as to enforcement, to bankruptcy, insolvency, reorganization and other similar laws of general applicability relating to or affecting creditors’ rights and to general principles of equity.

Appears in 7 contracts

Samples: Convertible Preferred Note (Biotricity Inc.), Non Convertible Promissory Note (Brain Scientific Inc.), Convertible Promissory Note (Bionik Laboratories Corp.)

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Status of Note. This Note is a direct, general and unconditional obligation of the Company, and constitutes a valid and legally binding obligation of the CompanyCompany obligation, enforceable in accordance with its terms subject, as to enforcement, to bankruptcy, insolvency, reorganization and other similar laws of general applicability relating to or affecting creditors’ rights and to general principles of equity.

Appears in 1 contract

Samples: Subscription Agreement (Biotricity Inc.)

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Status of Note. This Note is a direct, general and unconditional obligation of the Company, and constitutes a legal, valid and legally binding obligation of the Company, enforceable in accordance with its terms subject, as to enforcementenforceability, to general principles of equity and to principles of bankruptcy, insolvency, reorganization and other similar laws of general applicability relating to or affecting creditors’ rights and to general principles of equityremedies generally.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement

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