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.
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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.
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No Collateral. The Company and its Subsidiaries shall not grant, and the Noteholder Junior Creditor 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.
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