Ranking and Priority. The Loan Obligations are unsecured unsubordinated obligations of the Borrower ranking pari passu with all other unsecured unsubordinated Debt of the Borrower. The Guaranteed Obligations are unsecured unsubordinated obligations of each Guarantor ranking pari passu with all other unsecured unsubordinated Debt of such Guarantor.
Ranking and Priority. The Bonds shall constitute senior debt obligations of the Issuer. The Bonds shall rank at least pari passu with all other obligations of the Issuer (save for such claims which are preferred by bankruptcy, insolvency, liquidation or other similar laws of general application) and shall rank ahead of subordinated debt.
Ranking and Priority. Each of the Parties agrees that the Liabilities owed by the Obligors to the Lenders and the Hedging Banks rank in the following order and are postponed and subordinated to any prior ranking Liabilities as follows:
Ranking and Priority. The Corporation and the Trustee agree that:
Ranking and Priority. Each of the Parties agrees that the Pari Passu Liabilities shall rank pari passu and without any preference between them.
Ranking and Priority. Unless expressly provided to the contrary in this Agreement, the Liabilities shall rank in right and priority of payment in the following order and are postponed and subordinated to any prior ranking Liabilities as follows:
Ranking and Priority. This Note will be indebtedness of Maker, ranking (i) equally in right of payment with any other present and future senior unsecured indebtedness of Maker and (ii) ranking senior in right of payment to any present and future subordinated indebtedness of Maker and to any present or future equity securities or other interests of Maker.
Ranking and Priority. Each of the Parties agrees that the Transaction Security granted by, the Obligors to the Lenders rank in the following order:
Ranking and Priority. Each of the Parties agrees that the Liabilities owed by the Parent to the Unsecured Convertible Notes Creditors shall rank in right of payment and priority as follows:
Ranking and Priority. The Secured Obligations owed by the Mortgagor to each of the Secured Parties shall rank in right and priority of payment, and the security constituted by this Mortgage shall rank and secure the Secured Obligations owed by the Mortgagor to each of the Secured Parties, pari passu and rateably, without any preference between them.
