Common use of Pari Passu Ranking Clause in Contracts

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must shall ensure that at all times its payment obligations to the Finance Parties under the Finance Documents rank at least pari passu as to priority of payment with all its other present and future unsecured payment obligationsand unsubordinated Financial Indebtedness, except for obligations claims mandatorily preferred by operation of law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure will procure that its payment obligations under the Finance Documents do and will rank at least pari passu with all the claims of its other present and future unsecured payment obligations, except and unsubordinated creditors (save for those obligations mandatorily preferred by applicable law applying to companies generally).

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents at all times rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor The Company must ensure that its payment obligations under the Finance Documents rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its Obligor’s payment obligations under the Finance Loan Documents rank at least pari passu with all its other present and future unsecured and unsubordinated payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure will procure that its payment obligations under the Finance Documents do and will rank at least pari passu with all its other present and future unsecured payment obligations, except and unsubordinated obligations (save for those obligations mandatorily preferred by law applying to companies generallyapplicable law).

Pari Passu Ranking. Each Obligor must will ensure that its payment obligations under each of the Finance Documents rank and will at all times rank at least pari passu in right and priority of payment with all its other present and future unsecured payment obligationsand unsubordinated indebtedness (actual or contingent), except for obligations mandatorily indebtedness preferred solely by law applying to companies generallyoperation of law.

Pari Passu Ranking. Each Obligor must of the Obligors shall ensure that its payment obligations under the Finance Documents do and will rank at least pari passu with all its other present and future unsecured payment and unsubordinated obligations, except for those obligations mandatorily which are preferred by mandatory law applying to companies generallygenerally in the jurisdictions of their incorporation or in the jurisdiction in the ports of calls.

Pari Passu Ranking. Each Obligor must ensure shall procure that its payment obligations under the Finance Documents do and will rank at least pari passu with all its other present and future unsecured payment unsecured, unsubordinated obligations, except for obligations which from time to time are mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must shall ensure that its payment obligations under the Finance Documents rank and continue to rank at least pari passu with the claims of all of its other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its As at the date of this Agreement, the payment obligations of each Obligor contemplated under the Finance Documents will rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must shall ensure that its the payment obligations of each Obligor Party under the Finance Documents rank and continue to rank at least pari passu with the claims of all of its other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure shall procure that its payment obligations under the Finance Documents do and will rank at least pari passu with all its other present and future unsecured payment and unsubordinated obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Loan Documents rank at least pari passu with all its other present and future unsecured and unsubordinated payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure shall procure that its payment obligations under the Finance Documents do and will rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations which from time to time are mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents rank at least pari passu with all its other present and future unsecured and unsubordinated payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor The Company must ensure that its payment obligations under the Finance Documents at all times rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must shall ensure that its the payment obligations of the Obligors under the Finance Documents rank and continue to rank at least pari passu with the claims of all of its other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its of the Obligors’ payment obligations under the Finance Documents rank at least pari passu with the claims of all of its other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure shall procure that its payment obligations under the Finance Documents do and will rank at least pari passu with all its other present and future unsecured payment obligationsand unsubordinated obligations (subject to the preference of certain obligations in the liquidation, except for obligations mandatorily preferred bankruptcy or other analogous proceedings in respect of it by law applying to companies generallyoperation of applicable law).

Pari Passu Ranking. Each Obligor must ensure that its The relevant Obligor's payment obligations under the Finance Documents rank at least pari passu with the claims of all its other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Loan Documents rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must shall ensure that its payment obligations under the Finance Documents do and will rank at least pari passu with all its other present and future unsecured payment and unsubordinated obligations, except for those obligations mandatorily which are preferred by mandatory law applying to companies generallygenerally in the jurisdictions of their incorporation or in the jurisdiction in the ports of calls.

Pari Passu Ranking. Each Obligor must ensure shall procure that its payment obligations under the Finance Documents do and will rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generallylaw.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents at all times rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generallygenerally in its jurisdiction of formation or any other jurisdiction where it carries on business.

Pari Passu Ranking. Each Obligor must ensure that its payment Its obligations under the Finance Documents rank and will rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must shall ensure that at all times its payment obligations under the Finance Documents rank at least pari passu with the claims of all its other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generallylaw.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents at all times rank at least pari passu with all its other present and future unsecured and unsubordinated payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must shall ensure that at all times its payment obligations under the Finance Documents rank at least pari passu with the claims of all its other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law or regulation applying to companies generallygenerally from time to time.

Pari Passu Ranking. Each Obligor must ensure that its Obligor’s payment obligations under the Finance Documents rank at least pari passu with the claims of all its other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents at all times rank at least pari passu with all its other present and future unsecured unsubordinated payment obligations, except for obligations mandatorily preferred by law applying to companies generallygenerally in its jurisdiction of incorporation or any other jurisdiction where it carries on business.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents at all times rank at least pari passu with all its other present and future unsecured payment obligations, except for those obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Financing Documents rank at least pari passu with all its other present and future unsecured and unsubordinated payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its The payment obligations of each Obligor under the Finance Documents rank at least pari passu with all its other present unsecured and future unsecured payment obligationsunsubordinated Financial Indebtedness, except for any obligations which are mandatorily preferred by law applying to companies generallyand not by contract.

Pari Passu Ranking. Each Obligor The Obligors must ensure that its payment obligations under the Finance Documents rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Subject to the Legal Reservations and the Perfection Requirements, each Obligor must shall ensure that its payment obligations under the Finance Documents rank and continue to rank at least pari passu with the claims of all of its other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must shall ensure that its payment obligations under the Finance Documents rank at least pari passu with the claims of all its other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its unsecured, unsubordinated payment obligations under the Finance Documents at all times rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure shall procure that its payment obligations under the Finance Documents do and will rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that all its payment obligations under the Finance Documents at all times rank at least pari passu with the claims of all its other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents at all times rank at least pari passu with all its other present and future unsecured unsubordinated payment obligations, except for obligations mandatorily preferred by law applying to companies generallygenerally in its jurisdiction of incorporation.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents at all times rank at least pari passu with all its other present and future unsecured unsubordinated payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must shall ensure that its payment obligations under the Finance Documents rank at least pari passu with the claims of all its other present and future unsecured payment obligationssecured creditors, including the other Senior Creditors, except for obligations mandatorily preferred by law applying to companies generallygenerally and for obligations secured by Security permitted under Clause 22.7 (Negative pledge).

Pari Passu Ranking. Each Obligor must ensure that its The Obligor’s payment obligations under the Finance Documents rank at least pari passu with the claims of all its of their other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents at all times rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies or, in the case of the Individual Guarantor, to individuals generally.

Pari Passu Ranking. Each Obligor and each Security Provider must ensure that its payment obligations under the Finance Documents at all times rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must shall ensure that its payment obligations under the Finance Documents (including, but not limited to, any Hedging Arrangement) at all times rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure shall procure that its payment obligations under the Finance Documents do and will rank at least pari passu with all its other present and future unsecured payment obligationsand unsubordinated liabilities, except for obligations liabilities which are mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. (a) Each Obligor must shall ensure that its payment obligations under the Finance Documents rank and continue to rank at least pari passu with the claims of all of its other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must shall ensure that its payment obligations under the Finance Documents rank at least pari passu with the claims of all its other present unsecured and future unsecured payment obligationsunsubordinated creditors, including the other Senior Creditors, except for obligations mandatorily preferred by law applying to companies generallygenerally and for obligations secured by Security permitted under Clause 21.7 (Negative pledge).

Pari Passu Ranking. Each Obligor must ensure that that, under the laws of its jurisdiction of incorporation, its payment obligations under the Finance Documents rank at least pari passu with all its other present and future unsecured and unsubordinated payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to insurance and reinsurance companies generally.

Pari Passu Ranking. Each Obligor must ensure that its The payment obligations of each Obligor under the Finance Documents rank at least pari passu with all its the other present and future unsecured payment obligationsobligations of such Obligor, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must shall ensure that at all times its payment obligations to the Finance Parties under the Finance Documents rank at least pari passu as to priority of payment with all its other present and future unsecured payment obligationsand unsubordinated Financial Indebtedness, except for obligations claims mandatorily preferred by operation of law applying to companies generally.. 110

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents at all times rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generallygenerally in its jurisdiction of incorporation or any other jurisdiction where it carries on business.

Pari Passu Ranking. Each Obligor must shall ensure that its payment obligations under the Finance Documents rank at all times at least pari passu with the claims of all its other present unsecured and future unsecured payment obligations, unsubordinated creditors except for obligations those creditors whose claims are mandatorily preferred by law applying laws of general application to companies generallycompanies.

Pari Passu Ranking. Each Obligor must shall ensure that its payment obligations under the Finance Documents rank at all times at least pari passu with the claims of all of its other present existing and future unsecured payment obligationsand unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor Borrower must ensure that its each Obligor’s payment obligations under the Finance Documents at all times rank at least pari passu with all its respective other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its The payment obligations of each Obligor under the Finance Documents rank at least pari passu with all its other present and future unsecured payment obligationsand unsubordinated Financial Indebtedness, except for any obligations which are mandatorily preferred by law applying to companies generallyand not by contract.

Pari Passu Ranking. Each Obligor must ensure represents that its payment obligations under the Finance Documents rank at least pari passu with the claims of all its other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must will ensure that its payment obligations under the Senior Finance Documents rank at all times at least pari passu with all its other present and future unsecured payment obligations, obligations except for obligations mandatorily preferred by law applying to companies generallygenerally applicable law.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents rank at least pari passu with all the claims of its other present and future unsecured payment obligations, except and unsubordinated creditors (save for those obligations mandatorily preferred by law applying to companies generally).

Pari Passu Ranking. Each Obligor must ensure that its The relevant Obligor’s payment obligations under the Finance Documents rank at least pari passu with the claims of all its other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents (to the extent that they are not secured pursuant to the Security Documents) rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generallylaw.

Pari Passu Ranking. Each Obligor must shall ensure that at all times its payment obligations under the Finance Documents rank at least pari passu with the claims of all its other present unsecured and future unsecured payment obligations, unsubordinated creditors except for obligations those creditors whose claims are mandatorily preferred by law applying laws of general application to companies generallycompanies.

Pari Passu Ranking. Each Obligor and each Security Provider must ensure that its payment obligations under the Finance Documents at all times rank at least pari passu with all its other present and future unsecured and unsubordinated payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its Obligor's payment obligations under the Finance Documents rank at least pari passu with the claims of all its other present unsecured and future unsecured payment obligationsunsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents at all times rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generallycompanies.

Pari Passu Ranking. Each Obligor must ensure that its payment obligations under the Finance Documents at all times rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generallylaw.

Pari Passu Ranking. Each Obligor must will ensure that its payment obligations under each of the Finance Documents rank and will at all times rank at least pari passu in right and priority of Table of Contents payment with all its other present and future unsecured payment obligations, and unsubordinated indebtedness (actual or contingent) except for obligations indebtedness mandatorily preferred by operation of law applying to companies generallyor guaranteed and/or secured by Permitted Guarantees and/or Permitted Security.