Common use of Pari Passu Indebtedness Clause in Contracts

Pari Passu Indebtedness. The Indebtedness under the Loan Documents ranks at least pari passu with all other unsecured Indebtedness of the Borrower.

Appears in 14 contracts

Samples: Day Credit Agreement (Kansas City Power & Light Co), Year Credit Agreement (Kansas City Power & Light Co), Credit Agreement (Kansas City Power & Light Co)

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Pari Passu Indebtedness. The Indebtedness of the Borrower under the Loan Financing Documents ranks at least pari passu with all other unsecured Indebtedness of the Borrower.

Appears in 4 contracts

Samples: Credit Agreement (Ipalco Enterprises, Inc.), Assignment and Assumption Agreement (Ipalco Enterprises, Inc.), Assignment and Assumption Agreement (Ipalco Enterprises, Inc.)

Pari Passu Indebtedness. The Indebtedness of the Borrower under the Loan Documents this Agreement ranks at least pari passu with all other unsecured Indebtedness of the Borrower.

Appears in 3 contracts

Samples: Term Loan Agreement (Ipalco Enterprises, Inc.), Credit Agreement (Ipalco Enterprises, Inc.), Credit Agreement (Ipalco Enterprises, Inc.)

Pari Passu Indebtedness. The Indebtedness under the Loan Documents ranks at least pari passu with all other unsecured Indebtedness of the Borrower. The Guarantor’s obligations under Article IV rank at least pari passu with all other unsecured Indebtedness of the Guarantor.

Appears in 2 contracts

Samples: Credit Agreement (Great Plains Energy Inc), Credit Agreement (Kansas City Power & Light Co)

Pari Passu Indebtedness. The Indebtedness of the Borrower under the Loan Documents ranks at least pari passu with all other unsecured Indebtedness of the Borrower.

Appears in 1 contract

Samples: Note Purchase and Covenants Agreement (Ipalco Enterprises, Inc.)

Pari Passu Indebtedness. The Indebtedness under the Loan Financing Documents ranks at least pari passu with all other unsecured Indebtedness of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Ipalco Enterprises Inc)

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Pari Passu Indebtedness. The Indebtedness under the Loan Documents ranks at least pari passu with (a) all other unsecured Indebtedness of the BorrowerBorrower and (b) all other unsecured Indebtedness of the Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Great Plains Energy Inc)

Pari Passu Indebtedness. The Indebtedness of Borrower under the Loan Financing Documents ranks at least pari passu with all other unsecured Indebtedness of the Borrower.. COVENANTS OF BORROWER

Appears in 1 contract

Samples: Assignment Agreement (Ipalco Enterprises Inc)

Pari Passu Indebtedness. The Indebtedness under the Loan Documents ranks at least pari passu with all other unsecured Indebtedness of the BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Vectren Corp)

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