Common use of Pari Passu Ranking Clause in Contracts

Pari Passu Ranking. Ensure that the payment obligations of the Loan Parties under the Loan Documents rank and continue to rank at least pari passu with the claims of all of the Loan Parties’ other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Ensure that the Borrower’s payment obligations of the under this Agreement or any other Loan Parties Party’s payment obligations under the Loan Documents rank and continue to any Guarantee rank at least pari passu with the claims of all of the Loan Parties’ its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Ensure that at all times the payment obligations claims of the Loan Parties Bank under the Loan Documents rank and continue to will rank at least pari passu with the claims of all of the Loan Parties’ its other unsecured and unsubordinated creditors, except for obligations claims that are mandatorily preferred by law applying to companies generallyany bankruptcy, insolvency, liquidation or other similar laws of general application.

Pari Passu Ranking. Ensure that the The Borrower’s payment obligations of the under this Agreement or any other Loan Parties Party’s payment obligations under the Loan Documents rank and continue to any Guarantee rank at least pari passu with the claims of all of the Loan Parties’ its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Ensure that the payment obligations of the Loan Parties under the Loan Documents rank and continue to rank at least pari passu with the claims of all of the Loan Parties’ other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law Law applying to companies generally.

Pari Passu Ranking. Ensure The Borrower will ensure that the its payment obligations of under this Agreement and the Loan Parties under the other Loan Documents rank and continue to will at all times rank at least pari passu passu, without preference or priority, with the claims of all of the Loan Parties’ other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generallyIndebtedness of the Borrower.

Pari Passu Ranking. Ensure The Borrower will ensure that the its payment obligations of the Loan Parties Obligations under the Loan Documents rank and continue to rank at least pari passu with the claims of all of the Loan Parties’ its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies the Borrower generally.

Pari Passu Ranking. Ensure Each Loan Party shall ensure that the its payment obligations of the Loan Parties under the Loan Documents rank and continue to rank at least pari passu with the claims of all of the Loan Parties’ its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Ensure that at all times the payment obligations Obligations of the Loan Parties under the Loan Documents rank constitute unsubordinated and continue to unconditional obligations of the Loan Parties and rank at least pari passu in priority of payment with the claims of all other unsecured and unsubordinated obligations of the Loan Parties’ other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Ensure Each Obligor will ensure that the its payment obligations of the Loan Parties Obligations under the Loan Documents rank and continue to rank at least pari passu with the claims of all of the Loan Parties’ its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies such Obligor generally.

Pari Passu Ranking. Ensure that the payment Each Credit Party’s obligations under or in respect of the each Loan Parties under the Loan Documents rank and continue to Document rank at least pari passu with the claims of all of the Loan Parties’ its other unsecured and unsubordinated creditors, except for obligations mandatorily the claims that are preferred by law applying to companies generallyany bankruptcy, insolvency, liquidation, or other similar laws of general application.

Pari Passu Ranking. Ensure that the payment obligations of the Loan Parties under the Loan Documents rank and continue to rank at least pari passu in priority of payment and in all other respects with the claims of all other senior obligations of the Loan Parties’ other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Pari Passu Ranking. Ensure that the payment obligations of the Loan Parties under the Loan Documents rank and continue to rank at least pari passu with the claims of all of the Loan Parties’ other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law Law applying to companies generally.. 6.19

Pari Passu Ranking. Ensure that the Borrower’s payment obligations of the Loan Parties under the Loan Documents rank and continue to this Agreement or any other Reimbursement Party’s payment obligations under any Guarantee rank at least pari passu with the claims of all of the Loan Parties’ its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.