Common Contracts
2 similar Subordination Agreement contracts by Vuzix Corp
Subordination AgreementSubordination Agreement • March 27th, 2013 • Vuzix Corp • Radio & tv broadcasting & communications equipment
The undersigned lenders (each a “Creditor”, and collectively referred to as “Creditors”) are creditors of Vuzix Corporation (the “Company” or the “Borrower”)) and/or Vuzix (Europe) Limited and Vuzix Finland Oy, together with any direct or indirect subsidiary of the Company hereafter formed or acquired (each, a “Borrower” and collectively referred to herein as “Borrowers”), and wish to accommodate the extension of credit by Hillair Capital Investments L.P. (the “Senior Lender” and, collectively, the “Senior Lenders”) to the Company pursuant to that certain Securities Purchase Agreement, dated March 21, 2013, among the Company and the Senior Lender (the “Purchase Agreement”) and the Transaction Documents thereto. Defined terms not otherwise defined herein shall have the meanings set forth in the Purchase Agreement.
Subordination AgreementSubordination Agreement • March 27th, 2013 • Vuzix Corp • Radio & tv broadcasting & communications equipment
The undersigned lenders (each a “Creditor”, and collectively referred to as “Creditors”) are creditors of Vuzix Corporation (the “Company” or the “Borrower”)) and/or Vuzix (Europe) Limited and Vuzix Finland Oy, together with any direct or indirect subsidiary of the Company hereafter formed or acquired (each, a “Borrower” and collectively referred to herein as “Borrowers”), and wish to accommodate the extension of credit by Hillair Capital Investments L.P. (the “Senior Lender” and, collectively, the “Senior Lenders”) to the Company pursuant to that certain Securities Purchase Agreement, dated March 21, 2013, among the Company and the Senior Lender (the “Purchase Agreement”) and the Transaction Documents thereto. Defined terms not otherwise defined herein shall have the meanings set forth in the Purchase Agreement.
