Senior Subordinated Note (Genie AI)

The Senior Subordinated Note (Genie AI) legal template is a document that outlines the terms and conditions associated with a financial agreement between a borrower and a lender, where the lender is Genie AI. This legal template specifies the senior subordinated note, which is a type of debt instrument that ranks below senior debt but above common stock in terms of priority of repayment in case of default or bankruptcy. The template will provide details regarding the loan amount, interest rate, repayment terms, maturity date, and any collateral or security associated with the note. It will also outline the rights and responsibilities of both parties, including the borrower's obligation to make timely repayments and the lender's rights in case of default. Additionally, this legal template may include provisions for any additional terms or clauses specific to the loan agreement between Genie AI and the borrower. Overall, this template aims to ensure legal compliance and protect the rights and interests of both parties involved in the financial transaction.