Common use of The Global Security Clause in Contracts

The Global Security. (i) is a direct unsecured obligation of the Province; (ii) as among the other Securities, ranks pari passu and is payable without any preference or priority; and (iii) ranks equally with all of the Province’s other unsecured and unsubordinated indebtedness and obligations from time to time outstanding;

Appears in 2 contracts

Sources: Underwriting Agreement (Province of New Brunswick), Underwriting Agreement (Province of New Brunswick)