Common use of Pari Passu Obligations Clause in Contracts

Pari Passu Obligations. This Agreement and the other Loan Documents and the obligations evidenced hereby and thereby are and will at all times be direct and unconditional general obligations of the Borrower, and rank and will at all times rank in right of payment and otherwise at least pari passu with all unsecured Debt of the Borrower, whether now existing or hereafter outstanding, subject to statutory priority and the effect of bankruptcy and insolvency law.

Appears in 1 contract

Samples: Credit Agreement (Massey Energy Co)

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Pari Passu Obligations. This Agreement and the other Loan Documents and the obligations evidenced hereby and thereby are and will at all times be direct and unconditional general obligations of the Borrower, and rank and will at all times rank in right of payment and otherwise at least pari passu with all unsecured Debt Indebtedness of the Borrower, whether now existing or hereafter outstanding, subject to statutory priority and the effect of bankruptcy and insolvency lawinsolvency.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Terra Industries Inc)

Pari Passu Obligations. This Agreement and the other ---------------------- Loan Documents and the obligations evidenced hereby and thereby are and will at all times be direct and unconditional general obligations of the BorrowerBorrowers, and rank and will at all times rank in right of payment and otherwise at least pari passu with all unsecured Debt Indebtedness of the BorrowerBorrowers, whether now existing or hereafter outstanding, subject to statutory priority and the effect of bankruptcy and insolvency law.

Appears in 1 contract

Samples: Credit Agreement (Terra Nitrogen Co L P /De)

Pari Passu Obligations. This Agreement and the other Loan ---------------------- Documents and the obligations evidenced hereby and thereby are and will at all times be direct and unconditional general obligations of the Borrower, and rank and will at all times rank in right of payment and otherwise at least pari passu with all unsecured Debt of the Borrower, whether now existing or hereafter outstanding, subject to statutory priority and the effect of bankruptcy and insolvency law.

Appears in 1 contract

Samples: Day Credit Agreement (FMC Corp)

Pari Passu Obligations. This Agreement and the other Loan Documents and the obligations evidenced hereby and thereby are and will at all times be direct and unconditional general obligations of the Borrower, and rank and will at all times rank in right of payment and otherwise at least pari passu with all unsecured Debt Indebtedness of the Borrower, whether now existing or hereafter outstanding, subject to statutory priority and the effect of bankruptcy and insolvency law.

Appears in 1 contract

Samples: Credit Agreement (Terra Industries Inc)

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Pari Passu Obligations. This Agreement and the other Loan ---------------------- Documents and the obligations evidenced hereby and thereby are and will at all times be direct and unconditional general obligations of the BorrowerBorrowers, and rank and will at all times rank in right of payment and otherwise at least pari passu with all unsecured Debt Indebtedness of the BorrowerBorrowers, whether now existing or hereafter outstanding, subject to statutory priority and the effect of bankruptcy and insolvency law.

Appears in 1 contract

Samples: Credit Agreement (Terra Industries Inc)

Pari Passu Obligations. This Agreement and the other Loan Documents and the obligations evidenced hereby and thereby are and will at all times be direct and unconditional general obligations of the BorrowerBorrowers, and rank and will at all times rank in right of payment and otherwise at least pari passu with all unsecured Debt Indebtedness of the BorrowerBorrowers, whether now existing or hereafter outstanding, subject to statutory priority and the effect of bankruptcy and insolvency law.

Appears in 1 contract

Samples: Credit Agreement (Terra Industries Inc)

Pari Passu Obligations. This Agreement and the other ---------------------- Loan Documents and the obligations evidenced hereby and thereby are and will at all times be direct and unconditional general obligations of the Borrower, and rank and will at all times rank in right of payment and otherwise at least pari passu with all unsecured Debt of the Borrower, whether now existing or hereafter outstanding, subject to statutory priority and the effect of bankruptcy and insolvency law.

Appears in 1 contract

Samples: Credit Agreement (FMC Corp)

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