Subordination of Other Debts. Guarantor hereby: (a) subordinates the obligations now or hereafter owed by Borrower to Guarantor (“Subordinated Debt”) to any and all obligations of Borrower to Lender now or hereafter existing while this Guaranty is in effect, and hereby agrees that Guarantor will not request or accept payment of or any security for any part of the Subordinated Debt, and any proceeds of the Subordinated Debt paid to Guarantor, through error or otherwise, shall immediately be forwarded to Lender by Guarantor, properly endorsed to the order of Lender, to apply to the Liabilities.
Appears in 18 contracts
Samples: Senior Secured Revolving Credit Facility Agreement (Revolutionary Concepts Inc), Guaranty Agreement (Medytox Solutions, Inc.), Guaranty Agreement (Medytox Solutions, Inc.)
Subordination of Other Debts. Guarantor hereby: (a) subordinates the obligations now or hereafter owed by Borrower Company to Guarantor (“Subordinated Debt”) to any and all obligations of Borrower Company to Lender Buyer now or hereafter existing while this Guaranty is in effect, and hereby agrees that Guarantor will not request or accept payment of or any security for any part of the Subordinated Debt, and any proceeds of the Subordinated Debt paid to Guarantor, through error or otherwise, shall immediately be forwarded to Lender Buyer by Guarantor, properly endorsed to the order of LenderBuyer, to apply to the Liabilities.
Appears in 5 contracts
Samples: Guaranty Agreement (Rennova Health, Inc.), Guaranty Agreement (Medytox Solutions, Inc.), Securities Purchase Agreement (Preferred Restaurant Brands, Inc.)
Subordination of Other Debts. Guarantor hereby: (a) subordinates the obligations now or hereafter owed by Borrower Company to Guarantor (“Subordinated Debt”) to any and all obligations of Borrower Company to Lender Buyer now or hereafter existing while this Guaranty is in effect, and hereby agrees that Guarantor will not request or accept payment of or any security for any part of the Subordinated Debt, and any proceeds of the Subordinated Debt paid to Guarantor, through error or otherwise, shall immediately be forwarded to Lender Buyer by Guarantor, properly endorsed to the order of LenderBuyer, to apply to the LiabilitiesObligations.
Appears in 2 contracts
Samples: Guaranty Agreement (Jupiter Wellness, Inc.), Guaranty Agreement (Mota Group, Inc.)
Subordination of Other Debts. Each Guarantor hereby: (a) subordinates the obligations now or hereafter owed by Borrower Company to Guarantor the Guarantors (“Subordinated Debt”) to any and all obligations of Borrower Company to Lender now or hereafter existing while this Guaranty is in effect, and hereby agrees agree that Guarantor the Guarantors will not request or accept payment of or any security for any part of the Subordinated Debt, and any proceeds of the Subordinated Debt paid to Guarantorthe Guarantors, through error or otherwise, shall immediately be forwarded to Lender by Guarantorthe Guarantors, properly endorsed to the order of Lender, to apply to the LiabilitiesObligations.
Appears in 2 contracts
Samples: Guaranty Agreement (Pulse Network, Inc.), Guaranty Agreement (Pulse Network, Inc.)
Subordination of Other Debts. Each Guarantor hereby: (a) subordinates the obligations now or hereafter owed by Borrower Company to each Guarantor (“Subordinated Debt”) to any and all obligations of Borrower Company to Lender Buyer now or hereafter existing while this Guaranty is in effect, and hereby agrees that each Guarantor will not request or accept payment of or any security for any part of the Subordinated Debt, and any proceeds of the Subordinated Debt paid to each Guarantor, through error or otherwise, shall immediately be forwarded to Lender Buyer by each Guarantor, properly endorsed to the order of LenderBuyer, to apply to the LiabilitiesObligations.
Appears in 2 contracts
Samples: Guaranty Agreement (Inventergy Global, Inc.), Guaranty Agreement (SurePure, Inc.)
Subordination of Other Debts. Each Guarantor hereby: (a) subordinates the obligations now or hereafter owed by Borrower to Guarantor the Guarantors (“Subordinated Debt”) to any and all obligations Obligations of Borrower to Lender now or hereafter existing while this Guaranty is in effect, and hereby agrees agree that Guarantor the Guarantors will not request or accept payment of or any security for any part of the Subordinated Debt, and any proceeds of the Subordinated Debt paid to Guarantorthe Guarantors, through error or otherwise, shall immediately be forwarded to Lender by Guarantorthe Guarantors, properly endorsed to the order of Lender, to apply to the LiabilitiesObligations.
Appears in 2 contracts
Samples: Senior Secured Credit Facility Agreement (Drone USA Inc.), Guaranty Agreement (Sack Lunch Productions Inc.)
Subordination of Other Debts. Guarantor hereby: (a) subordinates the obligations now or hereafter owed by Borrower to the Guarantor (“Subordinated Debt”) to any and all obligations Obligations of Borrower to Lender now or hereafter existing while this Guaranty is in effect, and hereby agrees agree that the Guarantor will not request or accept payment of or any security for any part of the Subordinated Debt, and any proceeds of the Subordinated Debt paid to the Guarantor, through error or otherwise, shall immediately be forwarded to Lender by the Guarantor, properly endorsed to the order of Lender, to apply to the LiabilitiesObligations.
Appears in 2 contracts
Samples: Guaranty Agreement (SRAX, Inc.), Guaranty Agreement (Mint Leasing Inc)
Subordination of Other Debts. Guarantor hereby: (a) subordinates the obligations now or hereafter owed by Borrower Company to Guarantor (“Subordinated Debt”) to any and all obligations of Borrower Company to Lender Buyers now or hereafter existing while this Guaranty is in effect, and hereby agrees that Guarantor will not request or accept payment of or any security for any part of the Subordinated Debt, and any proceeds of the Subordinated Debt paid to Guarantor, through error or otherwise, shall immediately be forwarded to Lender Buyers by Guarantor, properly endorsed to the order of LenderBuyers, to apply to the Liabilities.
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Subordination of Other Debts. Guarantor hereby: (a) subordinates the obligations now or hereafter owed by Borrower any Credit Parties to the Guarantor (“Subordinated Debt”) to any and all obligations Obligations of Borrower the Credit Parties to Lender now or hereafter existing while this Guaranty is in effect, and hereby agrees agree that the Guarantor will not request or accept payment of or any security for any part of the Subordinated Debt, and any proceeds of the Subordinated Debt paid to the Guarantor, through error or otherwise, shall immediately be forwarded to Lender by the Guarantor, properly endorsed to the order of Lender, to apply to the LiabilitiesObligations.
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Subordination of Other Debts. Each Guarantor hereby: (a) hereby subordinates the obligations now or hereafter owed by Borrower Company to such Guarantor (“Subordinated Debt”) to any and all obligations of Borrower Company to Lender Buyers now or hereafter existing while this Guaranty is in effect, and hereby agrees that such Guarantor will not request or accept payment of or any security for any part of the Subordinated Debt, and any proceeds of the Subordinated Debt paid to a Guarantor, through error or otherwise, shall immediately be forwarded to Lender Buyers by such Guarantor, properly endorsed to the order of LenderBuyers, to apply to the LiabilitiesObligations.
Appears in 1 contract
Samples: Guaranty Agreement (LifeMD, Inc.)
Subordination of Other Debts. Each Guarantor hereby: (a) hereby subordinates the obligations now or hereafter owed by Borrower Company to such Guarantor (“Subordinated Debt”) to any and all obligations of Borrower Company to Lender Buyer now or hereafter existing while this Guaranty is in effect, and hereby agrees that such Guarantor will not request or accept payment of or any security for any part of the Subordinated Debt, and any proceeds of the Subordinated Debt paid to a Guarantor, through error or otherwise, shall immediately be forwarded to Lender Buyer by such Guarantor, properly endorsed to the order of LenderBuyer, to apply to the LiabilitiesObligations.
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Subordination of Other Debts. Guarantor hereby: (a) hereby subordinates the obligations now or hereafter owed by Borrower Company to Guarantor (“Subordinated Debt”) to any and all obligations of Borrower Company to Lender Buyer now or hereafter existing while this Guaranty is in effect, and hereby agrees that Guarantor will not request or accept payment of or any security for any part of the Subordinated Debt, and any proceeds of the Subordinated Debt paid to Guarantor, through error or otherwise, shall immediately be forwarded to Lender Buyer by Guarantor, properly endorsed to the order of LenderBuyer, to apply to the LiabilitiesObligations.
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Subordination of Other Debts. Guarantor Guarantors hereby: (a) subordinates the obligations now or hereafter owed by Borrower Company to Guarantor Guarantors (“Subordinated Debt”) to any and all obligations of Borrower Company to Lender Buyer now or hereafter existing while this Guaranty is in effect, and hereby agrees that Guarantor Guarantors will not request or accept payment of or any security for any part of the Subordinated Debt, and any proceeds of the Subordinated Debt paid to GuarantorGuarantors, through error or otherwise, shall immediately be forwarded to Lender Buyer by GuarantorGuarantors, properly endorsed to the order of LenderBuyer, to apply to the LiabilitiesObligations.
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