Common use of Obligations Pari Passu Clause in Contracts

Obligations Pari Passu. The obligations of Party B to Party A under this Agreement rank at least pari passu with all other senior unsecured indebtedness of Party B. Party B covenants that (i) it will not take any action during the term of any Transaction that would render any of the representations and warranties in this Part 5(h) untrue and (ii) it will take all necessary action during the term of each Transaction to cause such representations and warranties to continue at all times to be true.

Appears in 4 contracts

Samples: Isda 2002 Master Agreement (FS Investment Corp IV), Isda 2002 Master Agreement (FS Investment Corp III), Account Control Agreement (FS Investment Corp III)

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Obligations Pari Passu. The obligations of Party B to Party A under this Agreement rank at least pari passu with all other senior unsecured indebtedness of Party B. Party B covenants that (i) it will not take any action during the term of any Transaction that would render any of the representations and warranties in this Part 5(h5(g) untrue and (ii) it will take all necessary action during the term of each Transaction to cause such representations and warranties to continue at all times to be true.

Appears in 1 contract

Samples: Master Agreement (NewStar Financial, Inc.)

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