Unsecured Interest. It is intended that MRSC is only under a contractual obligation with respect to the Account. The Account Balance shall not be financed through a trust fund, insurance contracts, or otherwise, and all such credits shall be satisfied out of the general funds of MRSC, but only if and to the extent such funds are legally available therefore. Shareholder shall not have any interest whatsoever in the specific assets of MRSC pursuant to this Exhibit Agreement and all rights of Shareholder shall be no greater than the right of any unsecured general creditor of MRSC.
Unsecured Interest. Neither the Executive nor any Beneficiary shall have any interest whatsoever in any specific asset of the Company or an Affiliate. To the extent that any person acquires a right to receive payments under this Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company.
Unsecured Interest. The Executive acknowledges and agrees that the Company indebtedness represented by this Note is not secured by any assets of the Company.
Unsecured Interest. The Notes shall bear interest from the date of issue at the rate of 14% per annum, payable monthly on the 15th day of the month (or if such day is not a Business Day, the first Business Day thereafter) for interest earned during the preceding month with the first monthly payment being due February 15, 2003, assuming the Effective Date occurs prior to January 31, 2003.
Unsecured Interest. To the extent that the Employee or any permitted transferee acquires a right to receive payments under this Agreement, such right shall be arbitrators ten (10) days following such service or thereafter. If the panel of arbitrators is equivalent to that of an unsecured general creditor of the Company. The Employee agrees to waive any priority creditor status for wage payments with respect to any amounts due hereunder.
Unsecured Interest. No Participant or Beneficiary shall have any interest whatsoever in any specific asset of the Company or an Affiliate. To the extent that any person acquires a right to receive payments under this Plan, such right shall be no greater than the right of any unsecured general creditor of an Employer.
Unsecured Interest. 18 ARTICLE 7. ADMINISTRATION...................................................... 19
Unsecured Interest. The ExploreCo Notes are unsecured and bear interest from the date of issue at ·% per annum. Interest is payable for each month during the term, on the 15th day of the month following such month, or the next business day if such day is not a business day. The first interest payment is due on ·, 2010 for the period commencing on the Effective Date and ending on ·, 2010. The ExploreCo Notes will rank pari passu with all other unsecured indebtedness of Storm.
Unsecured Interest. The Warrant Notes are unsecured and bear interest from the date of issue at ·% per annum. Interest is payable for each month during the term, on the 15th day of the month following such month, or the next business day if such day is not a business day. The first interest payment is due on ·, 2010 for the period commencing on the Effective Date and ending on ·, 2010. The Warrant Notes will rank pari passu with all other unsecured indebtedness of Storm.
Unsecured Interest. No Employee hereunder shall have any interest whatsoever in any specific asset of the Company or of the Trust as a result of this Agreement. To the extent that any person acquires a right to receive payments under the Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company, and such obligation may be satisfied from Trust assets or by the Company, as set forth in Article 6 of this Agreement.
