Common use of Pari Passu Ranking Clause in Contracts

Pari Passu Ranking. Its payment obligations under the Finance Documents to which it is a party 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 in the jurisdiction of its incorporation.

Pari Passu Ranking. Its payment obligations under the Finance Documents to which it is a party 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 in the jurisdiction creditors or certain types of its incorporationcreditors generally.

Pari Passu Ranking. Its payment payments obligations under the Finance Documents to which it is a party 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 in the jurisdiction of its incorporationLaw.

Pari Passu Ranking. Its The Guarantor’s payment obligations under the Finance Documents to which it is a party rank at least pari passu with the claims of all its other current or future unsecured and unsubordinated creditors, except for obligations claims mandatorily preferred by law applying to companies generally in the jurisdiction of its incorporationgenerally.

Pari Passu Ranking. Its The payment obligations under the Finance Documents to which it each of the Guarantor and any other member of the Group is a party 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 in the jurisdiction creditors or certain types of its incorporationcreditors generally.

Pari Passu Ranking. Its payment obligations under the Finance Documents to which it is a party 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 in the its jurisdiction of its incorporationincorporation generally.

Pari Passu Ranking. Its payment obligations under the Finance Documents to which it is a party rank rank, subject to any general principles of law as at the Signature Date limiting its obligations, which are specifically referred to in any legal opinion delivered pursuant to clause 4 (Conditions to Advance), 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 in the jurisdiction of its incorporationgenerally.

Pari Passu Ranking. Its payment obligations under the Finance Documents to which it is a party 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 in the jurisdiction of its incorporationgenerally.

Pari Passu Ranking. (a) Its payment obligations under the Finance Documents to which it is a party rank at least pari passu in right and priority of payment with the claims of all its other present and future unsecured and unsubordinated creditors, indebtedness (actual or contingent) except for obligations mandatorily indebtedness preferred by law applying to companies generally in the jurisdiction laws of its incorporationgeneral application.

Pari Passu Ranking. Its The Borrower’s payment obligations under the Finance Documents to which it is a party 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 in the jurisdiction of its incorporationgenerally.

Pari Passu Ranking. Its On each Warranty Date, its payment obligations under the Finance Documents to which it is a party 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 in the jurisdiction of its incorporationgenerally.

Pari Passu Ranking. Its payment obligations under the Finance Documents to which it is a party rank at least pari passu in right of payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying creditors (subject to companies generally in the jurisdiction of its incorporationapplicable law).

Pari Passu Ranking. Its It shall take all actions necessary to ensure that its payment obligations under the Finance Documents to which it is a party rank at least pari passu in right of payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying creditors (subject to companies generally in the jurisdiction of its incorporationapplicable law).

Pari Passu Ranking. Its The Borrower¶s payment obligations under the Finance Documents to which it is a party 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 in the jurisdiction of its incorporationgenerally.

Pari Passu Ranking. Its payment obligations under the Finance Documents to which it is a party rank at least pari passu with the claims of all its other unsecured and unsubordinated creditorsobligations, except for obligations which from time to time are mandatorily preferred by law applying to companies generally in the jurisdiction of its incorporationgenerally.

Pari Passu Ranking. Its The payment obligations of each Obligor under the Finance Documents to which it is a party rank at least pari passu with the claims of all of its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law laws applying to companies generally in the jurisdiction of its incorporationgenerally.