Common use of No Impairment of Security Interests Clause in Contracts

No Impairment of Security Interests. All of the property securing the Convertible Debentures shall remain subject to the liens, charges, or encumbrances of such property, and nothing in this Agreement shall affect the security interests granted in conjunction with the Convertible Debentures or the priority of such security interests over any other liens, charges, encumbrances or conveyances.

Appears in 4 contracts

Samples: Convertible Debenture Transfer Agreement (Jayhawk Energy, Inc.), Convertible Debenture Transfer Agreement (Jayhawk Energy, Inc.), Convertible Debenture Transfer Agreement (Jayhawk Energy, Inc.)

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No Impairment of Security Interests. All of the property securing the Convertible Debentures Debenture shall remain subject to the liens, charges, or encumbrances of such property, and nothing in this Agreement shall affect the security interests granted in conjunction with the Convertible Debentures Debenture or the priority of such security interests over any other liens, charges, encumbrances or conveyances.

Appears in 1 contract

Samples: Convertible Debenture Transfer Agreement (Jayhawk Energy, Inc.)

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