Claims Pari Passu. The Borrower shall ensure that at all times the claims of the Facility Beneficiaries against it under the Facility Documents rank at least pari passu with the claims of all its other unsecured creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation, winding-up or other similar laws of general application.
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Samples: Loan Agreement (Teekay Offshore Partners L.P.), Loan Agreement (Teekay Offshore Partners L.P.), Loan Agreement (Teekay Corp)
Claims Pari Passu. The Borrower shall ensure that at all times the claims of the Facility Beneficiaries Authority against it under each of the Facility Finance Documents rank at least pari passu with the claims of all its other present and future unsecured creditors save those whose claims are mandatorily preferred by any bankruptcy, insolvency, liquidation, winding-up insolvency or other similar laws of general applicationapplication to industrial and provident societies or Registered Providers.
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Samples: shropshire.gov.uk, shropshire.gov.uk
Claims Pari Passu. The Borrower shall ensure that at all times the claims of the Facility Beneficiaries Bank against it under each of the Facility Finance Documents rank at least pari passu with the claims of all its other unsecured creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation, winding-up liquidation or other similar laws of general application.
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