Common use of Rank Clause in Contracts

Rank. All payments due under this Note (a) shall rank pari passu with all Other Notes and (b) shall be senior to all other Indebtedness of the Company and its Subsidiaries.

Appears in 20 contracts

Sources: Convertible Note (Maison Solutions Inc.), Securities Purchase Agreement (NewGenIvf Group LTD), Security Agreement (Maison Solutions Inc.)

Rank. All payments due under this Note (a) shall rank pari passu with all Other Notes and (b) shall be senior to all other Indebtedness of the Company and its Subsidiariessubsidiaries.

Appears in 4 contracts

Sources: Agreement for Amendment to Series a and Series B Warrants (Repros Therapeutics Inc.), Agreement for Amendment to Series a and Series B Warrants (Repros Therapeutics Inc.), Agreement for Amendment to Series a and Series B Warrants (Repros Therapeutics Inc.)

Rank. All Other than the Permitted Bank Financing, all payments due under this Note (a) shall rank pari passu with all Other Notes and (b) shall be senior to all other Indebtedness of the Company and its Subsidiaries.

Appears in 3 contracts

Sources: Convertible Note Agreement (CISO Global, Inc.), Convertible Note Agreement (CISO Global, Inc.), Senior Convertible Note (SOBR Safe, Inc.)

Rank. All payments due under this Note (a) shall rank pari passu with all Other Notes and (b) shall be senior to all other Indebtedness of the Company and its SubsidiariesSubsidiaries that, by the express terms of such Indebtedness, is subordinated to this Note and the Other Notes.

Appears in 3 contracts

Sources: Convertible Security Agreement (Eterna Therapeutics Inc.), Senior Convertible Note (Eterna Therapeutics Inc.), Senior Convertible Note (Eterna Therapeutics Inc.)

Rank. All payments due under this Note (a) shall rank pari passu with all Other Notes and (b) shall be senior to all other Indebtedness of the Company and its Subsidiaries, in each case pursuant to the terms of the Securities Purchase Agreement.

Appears in 2 contracts

Sources: Security Agreement (Algorhythm Holdings, Inc.), Security Agreement (Elevai Labs Inc.)

Rank. All payments due under this Note (a) shall rank pari passu with all Other Notes and (b) shall be rank senior to all other current and future Indebtedness of the Company and its SubsidiariesSubsidiaries (other than Permitted Indebtedness secured by Permitted Liens (pursuant to clause (iv) of such definition) that are not subordinate to the Notes).

Appears in 1 contract

Sources: Senior Note (Helius Medical Technologies, Inc.)

Rank. All payments due under this Note (a) shall rank pari passu with all Other Notes and (b) shall be senior to all other Indebtedness of the Company and its Subsidiaries, except as set forth on Schedule 3.1(c)(c) to the Securities Purchase Agreement.

Appears in 1 contract

Sources: Senior Secured Note (Digital Ally, Inc.)

Rank. All payments due under this Note (a) shall rank pari passu with all Other Notes and (b) shall be senior to all other Indebtedness of the Company and its SubsidiariesSubsidiaries (other than Permitted Indebtedness secured by Permitted Liens that are not subordinate to the Notes).

Appears in 1 contract

Sources: Senior Secured Note (Sharps Technology Inc.)

Rank. All payments due under this Note (a) shall rank pari passu with all Other Notes and (b) shall be senior to all other Indebtedness of the Company and its Subsidiaries.

Appears in 1 contract

Sources: Securities Purchase Agreement (Cellect Biotechnology Ltd.)

Rank. All payments due under this Note (a) shall rank pari passu with all Other Notes and (b) shall be senior to all other Indebtedness of the Company and its SubsidiariesSubsidiaries (other than Permitted Indebtedness secured by Permitted Liens (pursuant to clause (iv) of such definition) that are not subordinate to the Notes).

Appears in 1 contract

Sources: Senior Note (Oragenics Inc)

Rank. All payments due under this Note (a) shall rank pari passu with all Other Notes and the 2015 Notes and (b) shall be senior to all other Indebtedness of the Company and its SubsidiariesSubsidiaries other than Permitted Indebtedness secured by clause (iv) of the definition of Permitted Liens.

Appears in 1 contract

Sources: Securities Purchase Agreement (Great Basin Scientific, Inc.)

Rank. All payments due under this Note (a) shall rank pari passu with all Other Notes and (b) shall be senior to all other Indebtedness of the Company and its SubsidiariesSubsidiaries other than Permitted Indebtedness secured by clause (iv) of the definition of Permitted Liens.

Appears in 1 contract

Sources: Securities Purchase Agreement (Great Basin Scientific, Inc.)

Rank. All Other than the Permitted Loans, all payments due under this Note (a) shall rank pari passu with all Other Notes and (b) shall be senior to all other Indebtedness of the Company and its Subsidiaries.

Appears in 1 contract

Sources: Senior Convertible Note (Sadot Group Inc.)