Common use of Pari Passu Clause in Contracts

Pari Passu. The payment obligations under the Finance Documents of each of the Obligors rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Appears in 5 contracts

Samples: Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Amendment and Restatement Agreement (Melco Resorts & Entertainment LTD), Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)

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

Appears in 4 contracts

Samples: Multicurrency Revolving Credit and Guarantee (Subsea 7 S.A.), Multicurrency Guarantee Facility Agreement (Acergy S.A.), Cookson Group PLC

Pari Passu. The payment obligations of each Borrower under the Finance Documents of each of the Obligors to which it is a party rank at least pari passu with the claims of all its other unsecured and unsubordinated creditorsindebtedness of that Borrower, except for obligations other than indebtedness mandatorily preferred by law applying to companies generallylaw.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Containers Inc.)

Pari Passu. The Its payment obligations under the Finance Documents of each of the Obligors rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.;

Appears in 2 contracts

Samples: Facility Agreement (Pangaea Logistics Solutions Ltd.), Facility Agreement (Quartet Holdco Ltd.)

Pari Passu. The payment It’s obligations under the Finance Documents of each of the Obligors rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations (unless mandatorily preferred by law applying to companies generally.law);

Appears in 2 contracts

Samples: Facilities Agreement (Danfoss Acquisition Inc), Facilities Agreement (Sauer Danfoss Inc)

Pari Passu. The All the payment obligations under the Finance Documents of each of the Obligors Borrower arising under or pursuant to the Loan Documents will at all times rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for payment obligations and liabilities (including contingent obligations and liabilities) of the Borrower (other than those which are mandatorily preferred by law applying to companies generallylaws or regulations of general application).

Appears in 2 contracts

Samples: And Modified Loan Agreement (Genesco Inc), Loan Agreement (Genesco Inc)

Pari Passu. The All payment obligations under the Finance Documents of each of the Obligors rank at least pari passu with the claims of all its other present unsecured and unsubordinated creditorspayment obligations, except for obligations mandatorily preferred by law applying to companies generally.

Appears in 2 contracts

Samples: Facility Agreement (SK Ecoplant Co., Ltd.), Facility Agreement (SK Ecoplant Co., Ltd.)

Pari Passu. The payment obligations under the Finance Documents of each of the Relevant Obligors rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Appears in 2 contracts

Samples: And Restatement Agreement (Melco Crown Entertainment LTD), Restatement Agreement (Melco Crown Entertainment LTD)

Pari Passu. The All the payment obligations under the Finance Documents of each of the Obligors Company arising under or pursuant to the Loan Documents will at all times rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for payment obligations and liabilities (including contingent obligations and liabilities) of the Company (other than those which are mandatorily preferred by law applying to companies generallylaws or regulations of general application).

Appears in 2 contracts

Samples: Credit Agreement (Cordant Technologies Inc), Credit Agreement (Cordant Technologies Inc)

Pari Passu. The payment obligations under the Senior Finance Documents of each of the Obligors rank at least pari passu with the claims of all its other present and future unsecured and unsubordinated creditorsobligations, except for obligations mandatorily preferred by law applying to companies generally.

Appears in 1 contract

Samples: Common Terms Agreement (Wynn Resorts LTD)

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Pari Passu. The Its payment obligations under the Finance Documents of each of the Obligors rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies in its jurisdiction of incorporation generally.

Appears in 1 contract

Samples: Receivables Financing (Best Buy Co Inc)

Pari Passu. The Company’s payment obligations under the Finance Documents of each of the Obligors Notes rank at least pari passu with the claims of all of its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

Appears in 1 contract

Samples: Convertible Note Subscription Agreement (ZKH Group LTD)

Pari Passu. The payment obligations under the Finance Documents of each of the Obligors rank at least pari passu with the claims of all its other present and future unsecured and unsubordinated creditorsobligations, except for obligations mandatorily preferred by law applying to companies generally.

Appears in 1 contract

Samples: Facilities Agreement (Melco Crown Entertainment LTD)

Pari Passu. The payment obligations under the Finance Documents of each of the Obligors Obligor under each Loan Document to which it is a party rank at least pari passu in right of payment with the claims all of all its such person’s other unsecured and unsubordinated creditorsindebtedness, except for obligations mandatorily other than any such indebtedness which is preferred by law applying to companies generallymandatory provisions of applicable law.

Appears in 1 contract

Samples: Credit Agreement (Cognos Inc)

Pari Passu. The payment obligations under the Finance Documents of each of the Relevant Obligors rank at least pari passu with the claims of all its other present and future unsecured and unsubordinated creditorsobligations, except for obligations mandatorily preferred by law applying to companies generallycompanies.

Appears in 1 contract

Samples: Facilities Agreement (Melco PBL Entertainment (Macau) LTD)

Pari Passu. The payment obligations under the Finance Documents Obligations of each of the Obligors Obligor under each Loan Document to which it is a party rank at least pari passu in right of payment with the claims all of all its such Obligor’s other unsecured and unsubordinated creditorsindebtedness, except for obligations mandatorily other than any such indebtedness which is preferred by law applying to companies generallymandatory provisions of applicable law.

Appears in 1 contract

Samples: Agreement (Bema Gold Corp /Can/)

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