Common use of Senior Securities Clause in Contracts

Senior Securities. Issue, assume or suffer to exist (a) any ----------------- security that is senior to the Investor Stock, or (b) any Indebtedness for Borrowed Money that is an Equity Security or is issued with an Equity Security.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Interplay Entertainment Corp), Stock Purchase Agreement (Titus Interactive S A), Stock Purchase Agreement (Fargo Brian)

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Senior Securities. Issue, assume or suffer to exist (a) any ----------------- security that is senior to to, or on parity with, the Investor Stock, or (b) any Indebtedness for Borrowed Money that is an Equity Security or is issued with an Equity Security.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Interplay Entertainment Corp), Stock Purchase Agreement (Titus Interactive S A)

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