Common use of Ranking of Claims Clause in Contracts

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.

Appears in 2 contracts

Samples: Agreement (Sesa Sterlite LTD), Agreement (Sesa Sterlite LTD)

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Ranking of Claims. (a) The Borrower shall ensure that its obligations under each any Finance Document do and will rank at least pari passu with the claims of all its unsecured and unsubordinated creditorssenior obligations, present and future.

Appears in 1 contract

Samples: Facility Agreement (Videocon D2h LTD)

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Ranking of Claims. (a) The Borrower shall ensure that its obligations under each any Finance Document do and will rank at least pari passu with the claims of all its unsecured and unsubordinated creditors, present and future.

Appears in 1 contract

Samples: Sesa Sterlite LTD

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