Claims Pari. Passu Each Obligor shall ensure that at all times the claims of the Finance Parties against it under this Agreement ranks at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those claims which are preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application or are mandatorily preferred by law applying to insurance companies generally.
Claims Pari passu The Sellers shall ensure that at all times the claims of the Buyers against them under the Transaction Documents rank at least pari passu with the claims of all their other unsecured and subordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation, winding-up or other similar laws of general application.
Claims Pari passu The Charterers shall ensure that at all times the claims of a Creditor Party against them under the Transaction Documents rank at least pari passu with the claims of all their other unsecured and subordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation, winding-up or other similar laws of general application.
Claims Pari passu Its payment obligations under the Head Lessee Documents are or will be, upon execution by the Head Lessee, direct, general and unconditional obligations of the Head Lessee and rank, and will at all times rank, at least pari passu with its other unsecured and unsubordinated obligations, except for obligations mandatorily preferred by operation of law applying to companies generally in the Head Lessee's jurisdiction of incorporation.
Claims Pari. PASSU Each of the Obligors shall ensure that at all times the claims of the Agent, the Arranger and the Banks under this Agreement rank pari passu with the monetary claims of all its other unsecured and unsubordinated creditors save those whose claims are preferred solely by any bankruptcy, insolvency, liquidation or other similar laws of general application or other mandatory law applicable to enforcement of creditors' rights.
Claims Pari. Passu Each of the Obligors shall, ensure that at all times the claims of the Facility Agent, the Sterling Agent, the Canadian Dollar Agent, the Arrangers and the Banks against it under each of the Finance Documents rank at least pari passu with the claims of all its other unsecured creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application.
Claims Pari. Passu Under the laws of the PRC in force at the date hereof, the claims of the Lender against the Borrower under the Finance Documents will rank at least pari passu with the claims of all its other unsecured, unsubordinated lenders.
Claims Pari. Passu The Borrower shall ensure that at all times the claims of the Agent, the Arrangers and the Banks against it under this Agreement rank at least pari passu with the claims of all its other unsecured creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application.
Claims Pari. Passu Holdings and each Borrower shall, and shall cause each of its Subsidiaries to, ensure that its Secured Obligations under the Loan Documents rank and will rank at all times at least pari passu in right and priority of payment with all its present and future unsecured and unsubordinated Indebtedness (actual or contingent) except Indebtedness preferred solely by operation of law.
Claims Pari. Passu The claims of the Agents, the Arranger and the Banks against each Obligor and Nova TV under each of the Facility Documents and against CME B.V. or the Borrower in relation to any claim that may arise as a result of the enforcement of the Borrower's Pledge of Intercompany Loans will rank at least pari passu with the claims of all the other unsecured and unsubordinated creditors of such Obligor or Nova TV or CME B.V. under the laws of the Relevant Jurisdiction of such Obligor or Nova TV or CME B.V. (as the case may be) save those whose claims are preferred solely by any bankruptcy, insolvency, liquidation or other similar laws of general application.
