Common use of Superpriority Claims and Collateral Security Clause in Contracts

Superpriority Claims and Collateral Security. (a) The Borrower and any Loan Party, as applicable, jointly and severally warrant and covenant that, except as otherwise expressly provided in this paragraph, upon the entry of the applicable Order, the Obligations of any Loan Party under the Loan Documents:

Appears in 2 contracts

Samples: Possession Loan and Security Agreement (Implant Sciences Corp), Possession Loan and Security Agreement (Implant Sciences Corp)

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Superpriority Claims and Collateral Security. (a) The Borrower and any Loan PartyParties hereby represent, as applicable, jointly and severally warrant and covenant that, except as otherwise expressly provided in this paragraph, upon the entry by the Bankruptcy Court of the applicable OrderDIP Orders, and to the Obligations of any Loan Party under extent set forth therein and subject to the Loan Documentsterms therein:

Appears in 1 contract

Samples: Super Priority (iMedia Brands, Inc.)

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Superpriority Claims and Collateral Security. (a) The Borrower and any Loan Party, as applicable, Borrowers jointly and severally warrant and covenant that, except as otherwise expressly provided in this paragraph, upon the entry of the applicable Order, the Obligations of any Loan Party under the Loan Documents:

Appears in 1 contract

Samples: Security Agreement (TLC Vision Corp)

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