Common use of STATUS OF THE LOAN Clause in Contracts

STATUS OF THE LOAN. The Loan constitutes and will constitute direct and unsecured obligations of the Borrower and is not, and will not be, guaranteed by any other entity. In the event of liquidation or bankruptcy of the Borrower, the rights and claims (if any) of the Lender to payments of the Loan and any other amounts in respect of the Loan (including any accrued and unpaid interest amount or damages awarded for breach of any obligations under this Agreement, if any are payable) shall:

STATUS OF THE LOAN. The Loan constitutes and will constitute direct direct, unsecured and unsecured subordinated obligations of the Borrower and is not, and will not be, guaranteed by any other entity. In the event of liquidation or bankruptcy of the Borrower, the rights and claims (if any) of the Lender to payments of the Loan and any other amounts in respect of the Loan (including any accrued and unpaid interest amount or damages awarded for breach of any obligations under this Agreement, if any are payable) shall:

STATUS OF THE LOAN. The Loan constitutes and will constitute direct direct, unsecured, unguaranteed and unsecured subordinated obligations of the Borrower and is not, and will not be, guaranteed by any other entity. In the event of liquidation or bankruptcy of the Borrower, the rights and claims (if any) of the Lender to payments of the Loan and any other amounts in respect of the Loan (including any accrued and unpaid interest amount or damages awarded for breach of any obligations under this Agreement, if any are payable) shall: