Common use of Guarantor Security Documents Clause in Contracts

Guarantor Security Documents. All of the obligations of the Guarantors under the Guaranties shall be secured by the following (collectively, the "Guarantor Debenture Collateral") each of which, except for Permitted Liens, shall be a lien ranking (i) junior and subordinate to the lien granted to Xxxxxx pursuant to the Xxxxxx Term Loans, and (ii) senior and superior to those liens granted to the investors in the Existing Debentures, all as more specifically set forth in the Subordination Agreement:

Appears in 2 contracts

Samples: Debenture Purchase Agreement (Halsey Drug Co Inc/New), Debenture Purchase Agreement (Halsey Drug Co Inc/New)

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Guarantor Security Documents. All of the obligations of the Guarantors under the Guaranties shall be secured by the following (collectively, the "Guarantor Debenture Collateral") each of which, except for Permitted Liens, shall be a lien ranking (i) junior and subordinate to the lien granted to Xxxxxx pursuant to the Xxxxxx Term Loansholders of the Senior Notes, and (ii) senior and superior to those liens granted to the investors in the Existing Debentures, all as more specifically set forth in the Subordination Agreement:

Appears in 1 contract

Samples: Debenture and Share Purchase Agreement (Halsey Drug Co Inc/New)

Guarantor Security Documents. All of the obligations of the Guarantors under the Guaranties shall be secured by the following (collectively, the "Guarantor Debenture Collateral") each of which, except for Permitted Liens, shall be a lien ranking (i) junior and subordinate to the lien granted to Xxxxxx Wxxxxx pursuant to the Xxxxxx Wxxxxx Term Loans, and (ii) senior and superior to those liens granted to the investors in the Existing Debentures, all as more specifically set forth in the Subordination Agreement:

Appears in 1 contract

Samples: Debenture Purchase Agreement (Galen Partners Iii L P)

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Guarantor Security Documents. All of Axx xx the obligations of the Guarantors under the Guaranties shall be secured by the following (collectively, the "Guarantor Debenture Collateral") each of which, except for Permitted Liens, shall be a lien ranking (i) junior and subordinate to the lien granted to Xxxxxx Watson pursuant to the Xxxxxx Watson Term Loans, and (ii) senior and superior to those superiox xx xhose liens granted to the grantex xx xhe investors in the Existing Debentures, all as more specifically set forth in the Subordination Agreement:

Appears in 1 contract

Samples: Debenture Purchase Agreement (Halsey Drug Co Inc/New)

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