Common use of Claims Pari Passu Clause in Contracts

Claims Pari Passu. Under the laws of its jurisdiction of incorporation, and, if different, England and Wales, in force at the date of this Agreement, the claims of the Finance Parties against it under the Finance Documents to which it is party rank and will rank at least pari passu with the claims of all its unsecured creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or similar laws of general application.

Appears in 5 contracts

Samples: Senior Facilities Agreement (Corporate Express N.V.), Agreement (Buhrmann Nv), Senior Facilities Agreement (Moore Labels Inc)

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Claims Pari Passu. Under the laws of its jurisdiction of incorporation, and, if different, England and WalesEngland, in force at the date of this Agreement, the claims of the Finance Parties against it under the Senior Finance Documents to which it is a party rank and will rank at least pari passu with the claims of all its unsecured creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or similar laws of general application.

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (Smurfit Kappa Funding PLC), Agreement (JSG Funding PLC), Agreement (Smurfit Kappa Acquisitions)

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Claims Pari Passu. Under the laws of its jurisdiction of incorporation, and, if different, England and WalesEngland, in force at the date of this Agreement, the claims of the Finance Parties against it under the Finance Documents to which it is party rank and will rank at least pari passu with the claims of all its unsecured creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or similar laws of general application.

Appears in 1 contract

Samples: Agreement (Ship Finance International LTD)

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