Common use of Pari Passu Obligations Clause in Contracts

Pari Passu Obligations. The obligations of the Borrower under this Agreement will rank at least pari passu in right of payment with all other unsecured and unsubordinated obligations of the Borrower, except as otherwise provided by mandatory provisions of applicable law.

Pari Passu Obligations. The obligations under this Agreement shall constitute direct, unconditional, senior, unsubordinated, general obligations of the Borrower under this Agreement and will rank at least pari pari-passu (in right priority of payment payment) with all other unsecured existing and future senior, unsecured, unsubordinated obligations of the Borrower, except as otherwise provided by mandatory provisions of applicable lawBorrower resulting from any indebtedness for borrowed money or Debt Guarantee.

Pari Passu Obligations. The obligations of the Borrower under this Agreement shall constitute direct, unconditional, senior, unsubordinated, general obligations of each Borrower and will rank at least pari pari-passu (in right priority of payment payment) with all other unsecured existing and future senior, unsecured, unsubordinated obligations of the Borrower, except as otherwise provided by mandatory provisions of applicable lawsuch Borrower resulting from any indebtedness for borrowed money or Debt Guarantee.

Pari Passu Obligations. The Borrower's obligations of the Borrower under this Agreement and the other Security Documents will rank at least pari passu in right of payment with all of its other unsecured and unsubordinated obligations of the Borrower, except and liabilities from time to time outstanding other than as otherwise provided preferred by mandatory provisions of applicable lawstatute.

Pari Passu Obligations. The obligations of the each Borrower under this Agreement and the other Loan Documents to which it is a party rank and will rank at least pari passu in right priority of payment and in all other respects with all other unsecured and unsubordinated obligations Debt of the such Borrower, except as otherwise provided by mandatory provisions of applicable law.

Pari Passu Obligations. The Borrower hereby acknowledges and agrees that the obligations of the Borrower with respect to the Deferred Notes (including, without limitation, under this Agreement will rank at least any guarantee thereof) shall be pari passu in right of payment payment, liens (if any) or other security (if any) with all other unsecured and unsubordinated obligations of the Borrower, except as otherwise provided by mandatory provisions of applicable lawObligations.

Pari Passu Obligations. The Each Borrower's obligations of the Borrower under this Agreement and the other Security Documents will rank at least pari passu in right of payment with all of its other unsecured and unsubordinated obligations of the Borrower, except and liabilities from time to time outstanding other than as otherwise provided preferred by mandatory provisions of applicable lawstatute.

Pari Passu Obligations. The obligations under this Agreement shall constitute direct, unconditional, senior, unsubordinated, general obligations of the Borrower under this Agreement and will rank at least pari pari-passu (in right of payment with all other unsecured and unsubordinated obligations of the Borrower, except as otherwise provided by mandatory provisions of applicable law.priority of

Pari Passu Obligations. The Borrower will ensure that its obligations of the Borrower under this Agreement and the Notes will at all time rank at least pari passu in right priority of payment with all other present and future unsecured and unsubordinated obligations Indebtedness of the Borrower, except as otherwise provided by mandatory provisions of applicable law.

Pari Passu Obligations. The Except with respect to the Borrower’s obligations to pay the principal of and interest on the Loans (which the Lenders acknowledge are limited by Section 2.7), the obligations of the Borrower under this Agreement will and the other Loan Documents are recourse and general obligations of the Borrower which shall at all times rank at least pari passu in right priority of payment and in all other respects with all other unsecured and unsubordinated obligations of the Borrower, ; except as otherwise provided for obligations mandatorily preferred by mandatory provisions of applicable lawlaw and secured obligations to pay claims under Insurance Contracts.

Pari Passu Obligations. The obligations of the Borrower Borrowers under this Agreement will and any of the other Loan Documents (collectively, the “Borrower Obligations”) shall be unsecured and rank at least pari passu in right of payment with all any other senior unsecured and unsubordinated obligations indebtedness of the Borrower, except as otherwise Borrowers; provided by mandatory provisions that the Borrower Obligations shall have the benefit of applicable lawany guarantees and/or security now or hereafter provided under any of Inco’s other senior indebtedness.

Pari Passu Obligations. The obligations of the Borrower under this Agreement will and the Notes do rank at least pari passu in right priority of payment with all other present unsecured and unsubordinated obligations Indebtedness of the Borrower, except as otherwise provided by mandatory provisions of applicable law.