Common use of Pari Passu Ranking Clause in Contracts

Pari Passu Ranking. The Borrower shall procure that its payment obligations under this Agreement do and will rank at least pari passu with all its other present and future unsecured and unsubordinated obligations, except for obligations mandatorily preferred by laws of general application.

Pari Passu Ranking. The Each Borrower shall procure that its payment obligations under this Agreement do and the Loan Documents will rank at least pari passu with all its other present and future unsecured and unsubordinated obligations, except for obligations which are mandatorily preferred by laws of general applicationlaw applying to insurance companies generally.

Pari Passu Ranking. The Borrower shall procure will ensure that its at all times the Obligations of the Borrower and each of the Guarantors under the Transaction Documents constitute unconditional general obligations of such Obligor ranking in priority of payment obligations under this Agreement do and will rank at least pari passu with all its other present and future unsecured and senior unsecured, unsubordinated obligations, except for obligations mandatorily preferred by laws Debt of general applicationsuch Obligor.

Pari Passu Ranking. The Borrower shall procure that its payment obligations undertakes for so long as any amount available under this Agreement do and is outstanding or the Loan Facility or any part thereof remains outstanding or any other sum is payable pursuant to this Agreement that its obligations pursuant to this Agreement will rank at least pari passu with all its other present and future unsecured and unsubordinated obligations, except ; save for any other obligations mandatorily preferred having priority by laws of general applicationlaw.

Pari Passu Ranking. The Borrower shall procure that its payment obligations under this Agreement do and will rank at least pari passu with all its other present and future unsecured and unsubordinated obligations, except for obligations which are mandatorily preferred by laws of general applicationlaw applying to companies generally.

Pari Passu Ranking. The Borrower shall procure that its payment obligations under this Agreement do and will rank at least pari passu with all its other present and future unsecured and unsubordinated obligations, except for obligations mandatorily preferred by laws of general applicationLaw applying to companies generally.

Pari Passu Ranking. The Borrower shall procure that ensure its payment obligations under this Agreement do and will the Finance Documents at all times rank at least pari passu with the claims of all its other present and future unsecured and unsubordinated obligationscreditors, except for obligations mandatorily preferred by laws of general applicationlaw applying to companies generally.

Pari Passu Ranking. The Each Borrower shall procure that its payment obligations under this Agreement do and the Loan Documents will rank at least pari passu with all its other present and future unsecured and unsubordinated obligations, except for obligations which are mandatorily preferred by laws of general applicationlaw applying to companies generally.

Pari Passu Ranking. The Borrower shall to procure that its payment the obligations of each Borrower under this Agreement do and will rank at least pari passu in all respects with all its that Borrower’s other present and future unsecured and unsubordinated obligations, except for obligations towards any third party (apart from obligations mandatorily preferred by laws of general application.law);

Pari Passu Ranking. The Borrower shall procure ensure that its payment obligations under this Agreement do and will at all times rank at least pari passu with all its other present and future unsecured and unsubordinated obligations, except obligations of the Borrower save for obligations mandatorily preferred those which rank in priority by laws operation of general applicationlaw.

Pari Passu Ranking. The the obligations of the Borrower shall procure that its payment obligations under this Agreement do and will rank at least lease pari passu with all its other present and future unsecured and unsubordinated obligations, except obligations save for any obligations mandatorily preferred by laws of general application.law and not by contract;

Pari Passu Ranking. The Borrower shall procure that its payment obligations under this Original Agreement do and will rank at least pari passu with all its other present and future unsecured and unsubordinated obligations, except for obligations mandatorily preferred by laws of general application.. Revolving Credit Facility Agreement 14

Pari Passu Ranking. The Borrower shall procure will ensure that its at all times the Obligations of the Borrower and the Guarantor under the Transaction Documents constitute unconditional general obligations of such Obligor ranking in priority of payment obligations under this Agreement do and will rank at least pari passu with all its other present and future unsecured and senior unsecured, unsubordinated obligations, except for obligations mandatorily preferred by laws Debt of general applicationsuch Obligor.

Pari Passu Ranking. The the Borrower shall procure that its payment obligations under this Agreement do and will shall rank at all times at least pari passu in right of payment with all its their other present and future future, actual or contingent, unsecured and unsubordinated obligations, except for obligations those which are mandatorily preferred by laws of general application.law applying to companies generally;

Pari Passu Ranking. The Borrower shall procure (and the Borrower shall ensure that each other Obligor will) ensure that its payment obligations under this Agreement do the Finance Documents rank and will continue to rank at least pari passu with the claims of all of its other present and future unsecured and unsubordinated obligationscreditors, except for obligations mandatorily preferred by laws of general applicationlaw applying to companies generally.

Pari Passu Ranking. The Borrower shall procure that its Borrower’s payment obligations under this Agreement do and will rank at least pari passu with all its other present and future unsecured and unsubordinated payment obligations, except for obligations mandatorily preferred by laws of general applicationlaw applying to companies generally.

Pari Passu Ranking. The Borrower shall procure that its payment obligations under this Third Amended and Restated Agreement do and will rank at least pari passu with all its other present and future unsecured and unsubordinated obligations, except for obligations mandatorily preferred by laws of general application.

Pari Passu Ranking. The Borrower shall procure that its payment obligations under this Agreement do and the Loan Documents will rank at least pari passu with all its other present and future unsecured and unsubordinated obligations, except for obligations which are mandatorily preferred by laws of general applicationlaw applying to companies generally.

Pari Passu Ranking. The Borrower shall procure ensure that its payment obligations under this Agreement do and will rank at least pari passu with all its other present and future unsecured and unsubordinated payment obligations, except for obligations mandatorily preferred by laws of general applicationlaw applying to companies generally.

Pari Passu Ranking. The Borrower shall procure will ensure that its payment obligations under this Agreement do agreement and the other Credit Facility Documents, and the payment obligations of each other MDA Party under the Credit Facility Documents, will in each case at all times rank at least pari passu with such person’s obligations under all its other Debt, present and future unsecured and unsubordinated obligationsfuture, except for obligations mandatorily preferred by laws of general applicationapplicable Law.

Pari Passu Ranking. The Borrower shall procure that its payment obligations under this Loan Agreement do and will rank at least pari passu with all its other present and future unsecured and unsubordinated obligationsobligations (subject to the preference of certain obligations in liquidation, except for obligations mandatorily preferred bankruptcy or other analogous proceedings in respect of it by laws operation of general applicationapplicable law).

Pari Passu Ranking. The Borrower shall procure must ensure that its payment obligations under this Agreement do and will rank at least pari passu with all its other present and future unsecured and unsubordinated payment obligations, except for obligations mandatorily preferred by laws of general applicationlaw.

Pari Passu Ranking. The Borrower shall procure undertakes that its payment obligations under this Agreement do rank and will at all times rank at least pari passu in right and priority of payment and in priority of security (save by reason of and to the extent of the security afforded thereto by the Security Documents) with all its other present and future unsecured and unsubordinated obligations, except for other than obligations which are mandatorily preferred by laws of general applicationlaw applying to companies generally.

Pari Passu Ranking. The Borrower shall procure that its payment obligations under this Second Amended and Restated Agreement do and will rank at least pari passu with all its other present and future unsecured and unsubordinated obligations, except for obligations mandatorily preferred by laws of general application.

Pari Passu Ranking. The Borrower shall procure ensure that its payment obligations under this Agreement do Contract rank, and will rank at least rank, not less than pari passu in right of payment with all its other present and future unsecured and unsubordinated obligations, except for obligations mandatorily preferred by laws under any of general application.its External Debt Instruments except