Common use of Priority of Obligations Clause in Contracts

Priority of Obligations. The Company will ensure that its payment obligations under this Agreement and the Notes will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of the Company.

Appears in 12 contracts

Samples: Private Shelf Agreement (Henry Schein Inc), Master Note Purchase Agreement (Henry Schein Inc), Master Note Purchase Agreement

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Priority of Obligations. The Company will ensure that that, at all times, its payment obligations under this Agreement and the Notes will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of the Company, except for Indebtedness preferred by operation of law.

Appears in 4 contracts

Samples: www.sec.gov, Guarantee Agreement (Yamana Gold Inc), Note Purchase Agreement (Yamana Gold Inc.)

Priority of Obligations. The Company will ensure that its payment obligations under this Agreement and the Notes will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of the Company, except for any such Indebtedness preferred by operation of law.

Appears in 4 contracts

Samples: Assumption Agreement (Agnico Eagle Mines LTD), Assumption Agreement (Agnico Eagle Mines LTD), Assumption Agreement (Agnico Eagle Mines LTD)

Priority of Obligations. The Company will ensure that its payment obligations under this Agreement and the Notes will at all times rank at least pari passu, without preference or priority, with all other senior unsecured and unsubordinated Indebtedness of the Company.

Appears in 2 contracts

Samples: Note Purchase Agreement (Alabama Gas Corp), Note Purchase Agreement (Alabama Gas Corp)

Priority of Obligations. The Company will ensure that its payment obligations under this Agreement and the Notes will at all times rank at least pari passu, without preference or priority, with all other senior unsecured and unsubordinated Indebtedness of the Company.

Appears in 2 contracts

Samples: Assumption and Exchange Agreement, Note Assumption and Exchange Agreement (Consolidated Edison Inc)

Priority of Obligations. The Company will ensure agrees that its payment the Company’s obligations under this Agreement Agreement, the Other Agreements and the Notes will at all times rank at least pari passu, without preference or priority, with all other of the outstanding unsecured and unsubordinated Indebtedness for Money Borrowed of the Company.

Appears in 2 contracts

Samples: Note Agreement (Discovery Communications, Inc.), Note Agreement (Discovery Communications, Inc.)

Priority of Obligations. The Company will ensure that (i) its payment obligations under this Agreement and the Notes will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness Debt of the CompanyCompany and (ii) each Guarantors’ payment obligations under this Agreement will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Debt of such Guarantor.

Appears in 1 contract

Samples: Note Purchase Agreement (Brinks Co)

Priority of Obligations. (a) The Company will ensure that its payment obligations under this Agreement and the Notes will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of the Company, with the exception of any obligations which are mandatorily preferred by Law and not by contract.

Appears in 1 contract

Samples: Note Purchase Agreement (Teekay Offshore Partners L.P.)

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Priority of Obligations. The Company will ensure that its payment obligations under this Agreement and the Notes will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of the Company, with the exception of any obligations which are mandatorily preferred by Law and not by contract.

Appears in 1 contract

Samples: Note Purchase Agreement (Teekay LNG Partners L.P.)

Priority of Obligations. (a) The Company will ensure that its payment obligations under this Agreement, the Notes, and each other Financing Agreement and the Notes will at all times rank at least pari passu, without preference or priority, with all other of the Company’s unsecured and unsubordinated Indebtedness of the CompanyIndebtedness.

Appears in 1 contract

Samples: Note Purchase Agreement (Snyder's-Lance, Inc.)

Priority of Obligations. The Company will ensure that its payment obligations under this Agreement and the Notes will at all times constitute direct, unconditional, unsubordinated and secured obligations of the Company and rank at least pari passu, without preference or priority, passu in priority of payment and in all other respects with all other unsecured and unsubordinated Indebtedness of the Company, and the Company will ensure that its payment obligations under this Agreement and the Notes will at all times rank senior to all Indebtedness other than other Senior Indebtedness.

Appears in 1 contract

Samples: Notes Financing Documents (Southeast Airport Group)

Priority of Obligations. The Company will ensure that its payment obligations under this Agreement and the Notes will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness Indebtedness16 of the Company. [Add other affirmative covenants as negotiated.]

Appears in 1 contract

Samples: Note Purchase Agreement

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