No Collateral. The Company and its Subsidiaries shall not grant, and the Noteholder shall not demand, accept or receive, any collateral, direct or indirect, for any Subordinated Indebtedness, whether by way of security interest, pledge, lien or otherwise.
Appears in 3 contracts
Samples: Katy Industries Inc, Katy Industries Inc, Katy Industries Inc
No Collateral. The Company and its Subsidiaries shall not grant, and the Noteholder shall not demand, accept or receive, any collateral, direct or indirect, for any Subordinated Indebtedness, whether by way of security interest, pledge, lien or otherwiseNote Obligation.
Appears in 1 contract
