Common use of Subordination of Inside Debt Clause in Contracts

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.

Appears in 10 contracts

Samples: Loan and Security Agreement (Sigma Designs Inc), Loan and Security Agreement (Adept Technology Inc), Loan and Security Agreement (Verso Technologies Inc)

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Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's ’s standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: NONE. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's ’s standard form.

Appears in 9 contracts

Samples: Loan and Security Agreement (Digirad Corp), Loan and Security Agreement (Internap Network Services Corp), Loan Agreement (Sento Corp)

Subordination of Inside Debt. All present and future indebtedness of the Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.

Appears in 7 contracts

Samples: Loan and Security Agreement (Axs One Inc), Loan and Security Agreement (Adaytum Software Inc), Loan and Security Agreement (Globecomm Systems Inc)

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's ’s standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's ’s standard form.

Appears in 6 contracts

Samples: Loan and Security Agreement (Telecommunication Systems Inc /Fa/), Loan and Security Agreement (Network Computing Devices Inc), Loan and Security Agreement (Telecommunication Systems Inc /Fa/)

Subordination of Inside Debt. All present and future indebtedness of the Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: NONE. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.

Appears in 6 contracts

Samples: Loan Agreement (Invision Technologies Inc), Loan Agreement (Invision Technologies Inc), Loan and Security Agreement (Natus Medical Inc)

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: NONE. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.

Appears in 6 contracts

Samples: Loan and Security Agreement (Com21 Inc), Loan and Security Agreement (Sento Corp), Loan and Security Agreement (Sento Corp)

Subordination of Inside Debt. All present and future indebtedness of the Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's ’s standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's ’s standard form.

Appears in 3 contracts

Samples: Loan and Security Agreement (Artisoft Inc), Loan and Security Agreement (Vertical Communications, Inc.), Loan and Security Agreement (Double-Take Software, Inc.)

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's ’s standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: None. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's ’s standard form.

Appears in 2 contracts

Samples: Loan and Security Agreement (Endocardial Solutions Inc), Loan and Security Agreement (Endocardial Solutions Inc)

Subordination of Inside Debt. All present and future indebtedness for borrowed money of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard formacceptable to Silicon in its reasonable discretion. Borrower represents and warrants that there is no Inside Debt presently outstanding. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard formas described above.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cogent Communications Group Inc), Loan and Security Agreement (Cogent Communications Group Inc)

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: - $0 -. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.

Appears in 1 contract

Samples: Loan and Security Agreement (Tegal Corp /De/)

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.. SILICON VALLEY BANK SCHEDULE TO LOAN AND SECURITY AGREEMENT (Exim)

Appears in 1 contract

Samples: Loan and Security Agreement (Zhone Technologies Inc)

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors directors, shareholders, and shareholders subsidiaries ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a one or more subordination agreement on Silicon's standard formagreements in form and substance satisfactory to Silicon (individually and collectively, the “Insider Subordination Agreement”). Borrower represents and warrants that there is no Inside Debt presently outstanding. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard forman Insider Subordination Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Pivotal Corp)

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.. SILICON VALLEY BANK SCHEDULE TO LOAN AND SECURITY AGREEMENT

Appears in 1 contract

Samples: Loan and Security Agreement (Inktomi Corp)

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: None. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.

Appears in 1 contract

Samples: Loan and Security Agreement (Divx Inc)

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's ’s standard form. Borrower represents and warrants that there is no Inside Debt presently outstandingexcept as set forth on Exhibit C hereto. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's ’s standard form.

Appears in 1 contract

Samples: Loan and Security Agreement (Comdial Corp)

Subordination of Inside Debt. All present and future indebtedness of Borrower Borrowers to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's ’s standard form. Each Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: . Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's ’s standard form.

Appears in 1 contract

Samples: Loan and Security Agreement (Xenogen Corp)

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Subordination of Inside Debt. All present and future indebtedness of the Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: ____________. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.

Appears in 1 contract

Samples: Loan and Security Agreement (Silicon Gaming Inc)

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's ’s standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: . Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's ’s standard form.

Appears in 1 contract

Samples: Loan and Security Agreement (Internap Network Services Corp)

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's ’s standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for that described on Annex 10–(2) attached hereto. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's ’s standard form.

Appears in 1 contract

Samples: Loan and Security Agreement (Three Five Systems Inc)

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: ___________. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.

Appears in 1 contract

Samples: Loan and Security Agreement (P Com Inc)

Subordination of Inside Debt. All present and future indebtedness of the Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's ’s standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: NONE. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's ’s standard form.

Appears in 1 contract

Samples: Loan and Security Agreement (Entrada Networks Inc)

Subordination of Inside Debt. All present and future indebtedness of the Borrower to its officers, directors and shareholders for borrowed money ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. [Borrower represents and warrants that there is no Inside Debt presently outstanding]. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.

Appears in 1 contract

Samples: Loan and Security Agreement (Chyron Corp)

Subordination of Inside Debt. All present and future indebtedness of Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's ’s standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding, except for the following: - $0 -. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's ’s standard form.

Appears in 1 contract

Samples: Loan and Security Agreement (Tegal Corp /De/)

Subordination of Inside Debt. All present and future indebtedness of the Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's ’s standard form. Borrower represents and warrants that there is no Inside Debt presently outstanding. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on reasonably acceptable to Silicon's standard form.

Appears in 1 contract

Samples: Loan and Security Agreement (Tut Systems Inc)

Subordination of Inside Debt. All present and future indebtedness of the Borrower to its officers, directors and shareholders ("Inside Debt") shall, at all times, be subordinated to the Obligations pursuant to a subordination agreement on Silicon's standard form. Borrower represents and warrants , other than that there is no Inside Debt presently outstandingrelating to which Silicon has agreed in writing need not be so subordinated. Prior to incurring any Inside Debt in the future, Borrower shall cause the person to whom such Inside Debt will be owed to execute and deliver to Silicon a subordination agreement on Silicon's standard form.

Appears in 1 contract

Samples: Loan and Security Agreement (Sonic Innovations Inc)

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