Subordinated Nature of Debenture. This Debenture and all payments hereon, including principal or interest, shall be subordinate and junior in right of payment to all accounts payable of the Company incurred in the ordinary course of business and/or bank debt of the Company not to exceed $250,000.
Appears in 5 contracts
Samples: Nexland Inc, Forefront Inc, Forefront Inc
Subordinated Nature of Debenture. This Debenture and all payments hereon, including principal or interest, shall be subordinate and junior in right of payment to all accounts payable of the Company incurred in the ordinary course of business and/or bank debt of the Company not to exceed $250,000500,000.
Appears in 3 contracts
Samples: Condor Capital Inc, Rubber Technology International Inc /Nv, Avid Sportswear & Golf Corp
Subordinated Nature of Debenture. This Debenture and all payments hereon, including principal or interest, shall be subordinate and junior in right of payment to all accounts payable of the Company incurred in the ordinary course of business and/or and or bank debt of the Company not to exceed $250,000500,000.
Appears in 1 contract
Samples: Jagnotes Com
