Common use of Direct obligations - Pari Passu Clause in Contracts

Direct obligations - Pari Passu. (a) This Agreement constitutes a direct, unconditional unsubordinated and unsecured obligation of such Guarantor. (b) The obligations of such Guarantor under this Agreement rank and will rank in priority of payment at least pari passu with all other senior unsecured Debt of such Guarantor.

Appears in 9 contracts

Sources: Term Loan Agreement (Cemex Sa De Cv), Credit Agreement (Cemex Sa De Cv), Senior Unsecured Maturity Loan Agreement (Cemex Sab De Cv)

Direct obligations - Pari Passu. (a) This Agreement constitutes a direct, unconditional unsubordinated and unsecured obligation of such Guarantorthe Borrower. (b) The Loans, when made, will constitute direct, unconditional unsubordinated and unsecured obligations of such Guarantor under this Agreement rank and will rank in priority of payment at least pari passu with all other senior unsecured Debt of such Guarantorthe Borrower.

Appears in 2 contracts

Sources: Senior Unsecured Maturity Loan Agreement (Cemex Sab De Cv), Senior Unsecured Maturity Loan Agreement (Cemex Sab De Cv)

Direct obligations - Pari Passu. (a) This Agreement constitutes a direct, unconditional unconditional, unsubordinated and unsecured obligation of such GuarantorObligor. (b) The obligations of such Guarantor Obligor under this Agreement rank and will rank in priority of payment at least pari passu with all other senior unsecured Debt of such GuarantorObligor.

Appears in 1 contract

Sources: Facilities Agreement (Cemex Sab De Cv)

Direct obligations - Pari Passu. (a) This Agreement constitutes a direct, unconditional unsubordinated and unsecured obligation of such Guarantor. (b) The obligations of such Any amounts due and payable by the Guarantor under this Agreement rank and will rank in priority of payment at least pari passu with all other the senior unsecured Debt of such Guarantor.

Appears in 1 contract

Sources: Senior Unsecured Dutch Loan Agreement (Cemex Sab De Cv)

Direct obligations - Pari Passu. (a) This Agreement constitutes a direct, unconditional unconditional, unsubordinated and unsecured obligation of such the Guarantor. (b) The obligations of such the Guarantor under this Agreement rank and will rank in priority of payment at least pari passu with all other senior unsecured Debt of such the Guarantor.

Appears in 1 contract

Sources: Credit Agreement (Cemex Sab De Cv)