Rank of Debt. The obligations of each of the Loan Parties under the Loan Documents to pay the principal of and interest on the Loans and any and all other amounts due thereunder constitute direct and unconditional senior obligations of each such Loan Party and will at all times rank at least equal in right of payment with all other present and future indebtedness and other obligations of such Loan Party, except for any obligations in respect of employee compensation and benefits and taxes and other Permitted Liens in respect of obligations that are immaterial in the aggregate to the Loan Parties and their Subsidiaries, taken as a whole, which have priority under the laws of each Relevant Jurisdiction.
Rank of Debt. The obligations evidenced by each Financing Document constitute direct and unconditional general obligations of the Borrower, and rank in right of payment and otherwise at least pari passu with all other senior unsecured Indebtedness of the Borrower.
Rank of Debt. The obligations of the Guarantor under this Agreement to pay the Guaranteed Obligations constitute direct and unconditional obligations of the Guarantor and rank at least pari passu in right of payment with all other unsecured, unsubordinated Debt of the Guarantor.
Rank of Debt. The obligations of each of the Issuer and the Guarantors under the Note Documents to pay the principal of and interest on the Convertible Notes and any and all other amounts due thereunder constitute direct and unconditional senior obligations of each such Person and will at all times rank at least equal in right of payment with all other present and future indebtedness and other obligations of such Person, except for any obligations in respect of employee compensation and benefits and taxes and other Permitted Liens in respect of obligations that are immaterial in the aggregate to the Issuer, the Guarantors and their Subsidiaries, taken as a whole, which have priority under the laws of each Relevant Jurisdiction.
Rank of Debt. The Obligations are “Senior Debt” and will constitute direct, unconditional, and general obligations of the Borrower ranking prior to or pari passu in all respects with all of the Borrower’s other Indebtedness, except as permitted by Section 7.01.
Rank of Debt. The obligations of each of the Issuer and the Guarantors under the Note Documents to pay the principal of and interest on the Convertible Notes and any and all other amounts due thereunder constitute direct and unconditional senior obligations of each such Person and will at all times rank at least equal in right of payment with all other present and future indebtedness and other obligations of such Person, except for any obligations in respect of employee compensation and benefits and taxes and other Permitted Liens in respect of (i) obligations that are immaterial in the aggregate to the Issuer, the Guarantors and their Subsidiaries, taken as a whole, which have priority under the laws of each Relevant Jurisdiction, (ii) any obligations in respect of creditors whose claims are mandatorily preferred by laws of general application to companies or (iii) the obligations of the Guarantor under the Finnish Security Agreement, as defined in the Indenture, which are partially subordinated pursuant to the provisions of Finnish law on priority of payments. “Relevant Jurisdiction” means in relation to the Issuer, the Guarantors and their Subsidiaries (as applicable): (a) its jurisdiction of incorporation; (b) the jurisdiction whose laws govern the perfection of any Collateral or Security Document (as applicable) entered into by it; and (c) any jurisdiction where it conducts its business.
Rank of Debt. The Borrower shall take any and all action necessary to ensure that the Term Loans at all times continue to be the direct and unconditional obligation of the Borrower and rank at least pari passu (in respect of priority of payment, security or otherwise) to all other secured or unsecured Indebtedness of the Borrower, except that such ranking shall not apply to the rights of secured Indebtedness over collateral subject to Permitted Liens.
Rank of Debt. The Borrower shall take any and all action necessary to ensure that the Term Loans at all times continue to be the direct and unconditional obligation of the Borrower and rank at least pari passu (in respect of priority of payment, security or otherwise) to all other secured or unsecured Indebtedness of the Borrower, except that such ranking shall not apply to the rights of secured Indebtedness over collateral subject to Permitted Liens that are purchase money Liens or that have priority under Applicable Law.
Rank of Debt. The obligations evidenced by this Agreement and the other Loan Documents are and will at all times be direct and unconditional general obligations of each Loan Party and rank and will at all times rank in right of payment and otherwise at least equal with all other senior unsecured Indebtedness of each Loan Party, if any, whether now existing or hereafter outstanding.
Rank of Debt. The obligations of each of the Issuer and each Guarantor under the Note Documents to pay the principal of and interest on the Notes and any and all other amounts due thereunder constitute direct and unconditional senior obligations of each such Person and, except as otherwise permitted in the Indenture or Collateral Documents, will at all times rank at least equal in right of payment with all other present and future indebtedness and other obligations of such Person, except for any obligations in respect of employee compensation and benefits and taxes and other Permitted Liens in respect of (i) obligations that are immaterial in the aggregate to the Issuer, any Guarantor and their Subsidiaries, taken as a whole, which have priority under the laws of each Relevant Jurisdiction or (ii) any obligations in respect of creditors whose claims are mandatorily preferred by laws of general application to companies. “Relevant Jurisdiction” means in relation to the Issuer, the Guarantor and their Subsidiaries (as applicable): (a) its jurisdiction of incorporation; (b) the jurisdiction whose laws govern the perfection of any Collateral or Collateral Document (as applicable) entered into by it; and (c) any jurisdiction where it conducts its business.
