Pari Passu. Each Obligor shall ensure that its obligations under the Finance Documents rank at all times at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.
Appears in 21 contracts
Samples: Facilities Agreement (Marine Harvest ASA), Cascal Facility Agreement (Cascal N.V.), Facilities Agreement (Marine Harvest ASA)
Pari Passu. Each Obligor shall ensure that its obligations obligations, (whether actual or contingent), under the Finance Documents rank at all times at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law laws applying to companies generally.
Appears in 9 contracts
Samples: Facilities Agreement (Xstrata PLC), Term Facilities Agreement (Xstrata PLC), Term Facilities Agreement (Xstrata PLC)
Pari Passu. Each Obligor shall ensure that its payment obligations under the Finance Documents rank at all times time at least pari passu in right of priority and payment 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 7 contracts
Samples: Agreement (Hillenbrand, Inc.), Agreement (Hillenbrand, Inc.), Agreement (Hillenbrand, Inc.)
Pari Passu. Each Obligor shall ensure that its payment obligations under the Finance Documents rank at all times at least pari passu in right of priority and payment 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 Guarantee Facility Agreement (Acergy S.A.), Multicurrency Revolving Credit and Guarantee (Subsea 7 S.A.), Cookson Group PLC
Pari Passu. (a) Each Obligor shall ensure that its obligations obligations, (whether actual or contingent), under the Finance Documents rank at all times at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law laws applying to companies generally.
Appears in 4 contracts
Samples: Loan Facility Agreement (Xstrata PLC), Multicurrency Loan Facility and Subscription Agreement (Xstrata PLC), Subscription Agreement (Falconbridge LTD)
Pari Passu. Each Obligor The Company shall ensure that its obligations under the Finance Documents rank at all times at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.
Appears in 3 contracts
Samples: Agreement (Nordic Telephone CO ApS), Agreement (Nordic Telephone CO ApS), Credit Facility Agreement (Axis Capital Holdings LTD)
Pari Passu. Each Obligor shall ensure that its obligations under the Finance Documents rank at all times at least pari passu in right of priority and payment 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 (Far East Energy Corp), Assignment Agreement (China Shandong Industries, Inc.)
Pari Passu. Each Obligor shall ensure that its obligations under the Senior Finance Documents rank at all times at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generallygenerally and except as expressly provided for in the Intercreditor Agreement.
Appears in 2 contracts
Samples: Agreement (Inmarsat Launch CO LTD), Facility Agreement (Inmarsat Holdings LTD)
Pari Passu. Each Obligor shall must ensure that its payment obligations under the Finance Documents rank will at all times rank at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.
Appears in 1 contract
Pari Passu. Each Obligor shall ensure that its payment obligations under the Finance Documents rank at all times time at least pari passu in right of priority and payment with the claims of all of its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.. |EU-DOCS\29723125.9||
Appears in 1 contract
Pari Passu. Each Obligor shall ensure that its obligations under the Finance Documents to which it is a party rank at all times at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.
Appears in 1 contract
