Common use of Ranking of the Notes Clause in Contracts

Ranking of the Notes. No Indebtedness of the Company, at the Closing, will be senior to, or pari passu with, the Notes in right of payment, whether with respect to payment or redemptions, interest, damages, upon liquidation or dissolution or otherwise.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Converted Organics Inc.), Securities Purchase Agreement (POSITIVEID Corp)

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Ranking of the Notes. No Indebtedness of the Company, at the each Closing, will be senior to, or pari passu with, to the Notes in right of payment, whether with respect to payment or redemptions, interest, damages, upon liquidation or dissolution or otherwise.

Appears in 1 contract

Samples: Securities Purchase Agreement (Converted Organics Inc.)

Ranking of the Notes. No Indebtedness of the Company, at the Closing, will Company may be incurred that is senior to, to or ranks pari passu with, with the Notes in right of payment, whether with respect to of payment or of redemptions, interest, damages, damages or upon liquidation or dissolution or otherwise.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ap Pharma Inc /De/)

Ranking of the Notes. No Indebtedness of the Company, at the each Closing, will be senior to, or pari passu withwith (other than the April Notes (as defined in the Notes)), the Notes in right of payment, whether with respect to payment or redemptions, interest, damages, upon liquidation or dissolution or otherwise.

Appears in 1 contract

Samples: Securities Purchase Agreement (Converted Organics Inc.)

Ranking of the Notes. No Indebtedness of the Company, at the Closing, will be Company is senior to, to or ranks pari passu with, with the Notes in right of payment, whether with respect to of payment or of redemptions, interest, damages, damages or upon liquidation or dissolution or otherwise.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ap Pharma Inc /De/)

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Ranking of the Notes. No Indebtedness of the Company, at the Closing, will be senior to, or pari passu with, the Notes in right of payment, whether with respect to payment or redemptions, interest, damages, upon liquidation or dissolution or otherwise. No Subsidiary has any outstanding Indebtedness other than Indebtedness owed to the Company or a wholly-owned Subsidiary of the Company, except Indebtedness created pursuant to the Transaction Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (Vringo Inc)

Ranking of the Notes. No Indebtedness of the Company, at the each Closing, will be senior to, or pari passu with, the Notes in right of payment, whether with respect to payment or redemptions, interest, damages, upon liquidation or dissolution or otherwise.

Appears in 1 contract

Samples: Securities Purchase Agreement (POSITIVEID Corp)

Ranking of the Notes. No Indebtedness of the Company, at the Closing, will be Company is senior to, or pari passu with, to the Notes in right of payment, whether with respect to payment or of redemptions, interest, damages, damages or upon liquidation or dissolution or otherwise.

Appears in 1 contract

Samples: Securities Purchase Agreement (Synova Healthcare Group Inc)

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