Common use of Pari Passu Ranking Clause in Contracts

Pari Passu Ranking. Its payment obligations under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Its Each Obligor must ensure that its payment obligations under the Finance Documents rank at least pari passu with the claims of all its other present and future unsecured and unsubordinated creditorspayment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Its The Borrower's payment obligations under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Its payment obligations under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditorsobligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Its Each Obligor shall ensure that at all times its payment obligations under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generallylaw.

Pari Passu Ranking. Its payment obligations under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies in its jurisdictions generally.

Pari Passu Ranking. Its payment obligations under the Finance Documents rank and will rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, obligations except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Its payment obligations under the Finance Documents rank and will rank at least pari passu with the claims of all its other unsecured and unsubordinated creditorsobligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Its payment obligations under the Finance Documents will always rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Its The Borrower's payment obligations under the Finance Documents Credit Agreement rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Its The Company's payment obligations under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for payment obligations mandatorily preferred other than payment obligations which have priority by operation of law applying applicable generally to companies generallycompanies.

Pari Passu Ranking. Its payment obligations under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, creditors (except for obligations mandatorily preferred by law applying to companies generally).

Pari Passu Ranking. Its payment obligations under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, creditors except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Its payment obligations under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditorsobligations, except for obligations which are mandatorily preferred by law applying to companies creditors' rights generally.