Common use of Pari Passu Status Clause in Contracts

Pari Passu Status. The claims and rights of the Lenders against the Borrower hereunder are not subordinated to, and rank at least pari passu with, the claims and rights of other holders of its unsecured indebtedness except to the extent otherwise provided by Law (including without limitation the Bankruptcy Code and the provisions of 31 U.S.C. (S)3713).

Appears in 5 contracts

Samples: Credit Agreement (Sierra Pacific Power Co), Credit Agreement (Nevada Power Co), Credit Agreement (Sierra Pacific Power Co)

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Pari Passu Status. The claims and rights of the Lenders against the Borrower hereunder are not subordinated to, and rank at least pari passu with, the claims and rights of other holders of its unsecured indebtedness except to the extent otherwise provided by Law (including without limitation the Bankruptcy Code and the provisions of 31 U.S.C. (S)3713ss.3713).

Appears in 2 contracts

Samples: Credit Agreement (Sierra Pacific Resources), Credit Agreement (Sierra Pacific Resources)

Pari Passu Status. The claims and rights of the Lenders against the Borrower hereunder are not subordinated to, and but rank at least pari passu with, the claims and rights of other holders of its unsecured indebtedness except to the extent otherwise provided by Law (including without limitation the Bankruptcy Code and the provisions of 31 U.S.C. (S)3713[sec] 3713).

Appears in 1 contract

Samples: Credit Agreement (Nevada Power Co)

Pari Passu Status. The claims and rights of the Lenders against the Borrower hereunder are not subordinated to, and rank at least pari passu with, the claims and rights of other holders of its unsecured indebtedness except to the extent otherwise provided by Law law (including without limitation the Bankruptcy Code and the provisions of 31 U.S.C. (S)3713ss.3713).

Appears in 1 contract

Samples: Credit Agreement (Gatx Capital Corp)

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Pari Passu Status. The claims and rights of the Lenders against the Borrower hereunder are not subordinated to, and but rank at least pari passu with, the claims and rights of other holders of its unsecured indebtedness except to the extent otherwise provided by Law (including including, without limitation limitation, the Bankruptcy Code and the provisions of 31 U.S.C. (S)3713[sect.] 3713).

Appears in 1 contract

Samples: Credit Agreement (Nevada Power Co)

Pari Passu Status. The claims and rights of the Lenders against the Borrower hereunder are not subordinated to, and but rank at least pari passu with, the claims and rights of other holders of its unsecured indebtedness except to the extent otherwise provided by Law (including including, without limitation limitation, the Bankruptcy Code and the provisions of 31 U.S.C. (S)3713[sec]. 3713).

Appears in 1 contract

Samples: Credit Agreement (Nevada Power Co)

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