No Preference or Priority. It is expressly understood and agreed that each of the Notes shall be secured without preference or priority; it being the intention of the parties that the Notes shall be co-equal and coordinate in right of payment of principal, interest, late charges and other sums due thereunder.
Appears in 8 contracts
Samples: Business Loan and Security Agreement (ICF International, Inc.), Business Loan and Security Agreement (ICF International, Inc.), Business Loan and Security Agreement (ICF International, Inc.)
No Preference or Priority. It is expressly understood and ------------------------- agreed that each of the Notes shall be secured without preference or priority; it being the intention of the parties that the Notes shall be co-equal and coordinate in right of payment of principal, interest, late charges and other sums due thereunder, except as may otherwise be expressly set forth herein.
Appears in 2 contracts
Samples: Business Loan and Security Agreement (Iconixx Corp), Business Loan and Security Agreement (Averstar Inc)
No Preference or Priority. It is expressly understood and agreed that each of the Notes if there is more than one note secured by this Agreement, all such notes shall be secured without preference or priority; it being the intention of the parties that the Notes all notes secured by this Agreement shall be co-equal and coordinate in right of payment of principal, interest, late charges and other sums due thereunder.
Appears in 1 contract
Samples: Stock Security Agreement (Condor Technology Solutions Inc)
No Preference or Priority. It is expressly understood and agreed that each of the Notes shall be secured without preference or prioritypriority over any of the other Notes; it being the intention of the parties that the Notes shall be co-equal and coordinate on a pro rata basis in right of payment of principal, interest, late charges and other sums due thereunder.
Appears in 1 contract
Samples: Senior Subordinated Note Purchase Agreement (Opinion Research Corp)
No Preference or Priority. It is expressly understood and ------------------------- agreed that each of the Notes shall be secured without preference or priority; it being the intention of the parties that the Notes shall be co-equal and coordinate in right of payment of principal, interest, late charges and other sums due thereunder.
Appears in 1 contract
Samples: Business Loan and Security Agreement (Mantech International Corp)
