Ranking of Claims. Under the laws of England and Wales in force as at the date of making this representation, claims against the Cash Manager under the Transaction Documents will rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, save those whose claims are preferred solely by any bankruptcy, liquidation or other similar laws of general application.
Ranking of Claims. Under the laws of England and Wales in force as at the date of making this representation, claims against the Current Issuer Cash Manager under the Transaction Documents will rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, save those whose claims are preferred solely by any bankruptcy, liquidation or other similar laws of general application.
Ranking of Claims. Subject to the Reservations, the Parent and each Obligor shall ensure that at all times the claims of the Finance Parties against it under the Finance Documents to which it is a party rank at least pari passu with the claims of all its unsecured, unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or similar laws of general application.
Ranking of Claims. Each Obligor shall ensure that at all times the claims of the Finance Parties against it under the Finance Documents rank at least pari passu with the claims of all its unsecured creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or similar laws of general application.
Ranking of Claims. (a) The Borrower shall ensure that its obligations under each Finance Document do and will rank at least pari passu with the claims of all its unsecured and unsubordinated creditors, present and future.
Ranking of Claims. (A) The Surety shall not enforce its rights in respect of any sums it pays or liabilities it incurs under the surety's covenants until after the date when Surety's obligations under all such covenants have been observed, performed and discharged in full and the Surety shall not prior to such date:
Ranking of Claims. Under the laws of England and Wales in force as at the date of making this representation, claims against the Servicer under the Transaction Documents will rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, save those whose claims are preferred solely by any bankruptcy, liquidation or other similar laws of general application.
Ranking of Claims. No unsecured or subordinated creditor of the Borrower shall have a higher-ranking priority claim against the Borrower, except for any such creditor whose claims are mandatorily preferred by any applicable law applying to companies generally.
Ranking of Claims. (i) The Borrower shall ensure that its obligations under this Agreement do and will rank at least pari passu with the claims of all its unsecured and unsubordinated creditors, present and future.
Ranking of Claims. The Borrower shall ensure that at all times the claims of the Lender against it under this Agreement rank at least pari passu with the claims of all the Borrower’s other unsecured creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or similar laws of general application.
