Common use of Outstanding Borrowing Clause in Contracts

Outstanding Borrowing. The Company’s SEC Reports set forth all material indebtedness of the Company as of the date hereof, the liens that relate to such indebtedness and that encumber the Company’s assets and the name of each lender thereof. No holder of indebtedness of the Company is entitled to any voting rights in any matters voted upon by the holders of the Common Stock.

Appears in 5 contracts

Sources: Convertible Note Purchase Agreement (Quantum Fuel Systems Technologies Worldwide Inc), Secured Convertible Note Purchase Agreement (Ebix Inc), Secured Convertible Note Purchase Agreement (Ebix Inc)