Common use of Stock Equivalent Unit Account Clause in Contracts

Stock Equivalent Unit Account. Each Unit shall be evidenced by an entry on the books of the Corporation (an “Account”). Each Account shall be the record of Units issued to Holder pursuant to the Obligation Exchange Agreement and this Agreement and shall be solely for accounting purposes. Amounts payable or distributable hereunder shall be paid or distributed exclusively from the general assets of the Corporation, and no Holder entitled to payment or distribution hereunder shall have any claim, right, security interest, or other interest in any fund, trust, account, insurance contract, or asset of the Corporation from which a payment or distribution may be made. The rights of a Holder of a Unit hereunder shall be solely those of an unsecured creditor of the Corporation. The Corporation’s liability for payments or distributions hereunder, if any, shall be evidenced only by this Agreement.

Stock Equivalent Unit Account. Each Unit shall be evidenced by an entry on the books of the Corporation (an “Account”). Each Account shall be the record of Units issued to Holder pursuant to the Obligation Exchange Agreement Warrant and this Agreement and shall be solely for accounting purposes. Amounts payable or distributable hereunder shall be paid or distributed exclusively from the general assets of the Corporation, and no Holder entitled to payment or distribution hereunder shall have any claim, right, security interest, or other interest in any fund, trust, account, insurance contract, or asset of the Corporation from which a payment or distribution may be made. The rights of a Holder of a Unit hereunder shall be solely those of an unsecured creditor of the Corporation. The Corporation’s liability for payments or distributions hereunder, if any, shall be evidenced only by this Agreement.

Stock Equivalent Unit Account. Each Unit shall be evidenced by an entry on the books of the Corporation (an “Account”). Each Account shall be the record of Units issued to Holder pursuant to the Obligation Exchange Agreement and this Agreement and shall be solely for accounting purposes. Amounts payable or distributable hereunder shall be paid or distributed exclusively from the general assets of the Corporation, and no Holder entitled to payment or distribution hereunder shall have any claim, right, security interest, or other interest in any fund, trust, account, insurance contract, or asset of the Corporation from which a payment or distribution may be made. The rights of a Holder of a Unit hereunder shall be solely those of an unsecured creditor of the Corporation. The Corporation’s liability for payments or distributions hereunder, if any, shall be evidenced only by this Agreement.