Subordination by Noteholders. Each Noteholder agrees to subordinate its AR Note in the event the Company arranges to have a commercial lender provide financing to the Company for similar purposes, which subordination must be on terms and conditions acceptable to the Noteholders in their reasonable discretion.
Appears in 2 contracts
Samples: Ar Note Issuance Agreement (Advanced Biotherapy Inc), Ar Note Issuance Agreement (Lime Energy Co.)
Subordination by Noteholders. Each Noteholder agrees Noteholders agree to subordinate its AR the Note in the event the Company arranges to have a commercial lender provide financing to the Company for similar purposes, which subordination must be on terms and conditions acceptable to the Noteholders in their reasonable discretion.
Appears in 2 contracts
Samples: Note Issuance Agreement (Advanced Biotherapy Inc), Note Issuance Agreement (Lime Energy Co.)
