Common use of Notes Rank Pari Passu Clause in Contracts

Notes Rank Pari Passu. The obligations of the Company under this Agreement and the Notes and the obligations of each Guarantor under the Guaranty rank at least pari passu in right of payment with all other unsecured Senior Indebtedness of the Company or such Guarantor, as the case may be, including, without limitation, all unsecured Senior Indebtedness of the Company or such Guarantor, as the case may be, described in Schedule 5.15 hereto.

Appears in 6 contracts

Samples: Note Purchase Agreement (Agree Realty Corp), Note Purchase Agreement (Agree Realty Corp), Note Purchase Agreement (Agree Realty Corp)

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Notes Rank Pari Passu. The obligations of the Company under this Agreement and the Notes and the obligations of each Guarantor Subsidiary Guarantors under the Guaranty Transaction Documents will, upon issuance of the Notes, rank at least pari passu in right of payment with all other senior unsecured Senior Indebtedness Debt (actual or contingent) of the Company, including all senior unsecured Debt of the Company described in Schedule 5.15 hereto. Each Person which is a borrower, guarantor or such Guarantorother obligor, as the case may be, including, without limitation, all unsecured Senior Indebtedness of under any Principal Credit Facility is an obligor or guarantor under the Company or such Guarantor, as the case may be, described in Schedule 5.15 heretoTransaction Documents.

Appears in 2 contracts

Samples: Master Note Agreement (Stepan Co), Defined Terms (Stepan Co)

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Notes Rank Pari Passu. The obligations of the Company under this Agreement and the Notes and the obligations of each Guarantor under the Guaranty rank at least pari passu in right of payment with all other unsecured Senior Indebtedness of the Company or such Guarantor, as the case may be, including, without limitation, all unsecured Senior Indebtedness of the Company or such Guarantor, as the case may be, described in Schedule 5.15 hereto.. Agree Limited Partnership Note Purchase Agreement

Appears in 1 contract

Samples: Note Purchase Agreement (Agree Realty Corp)

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