Common use of Claims Pari Passu Clause in Contracts

Claims Pari Passu. 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 other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction of incorporation.

Claims Pari Passu. Each Obligor The Borrowers shall ensure that at all times the claims of the Finance Parties against it them under the Finance Documents rank at least pari passu with the claims of all its their other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation liquidation, winding-up or other similar laws of general application in its jurisdiction of incorporationapplication.

Claims Pari Passu. Each Obligor The Borrowers 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 other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation liquidation, winding-up or other similar laws of general application in its jurisdiction of incorporationapplication.

Claims Pari Passu. Each Obligor shall ensure that at all times the The claims of each Finance Party against each of the Finance Parties against it Borrower and the other Obligors under the Finance Documents will rank at least pari passu as to priority of payments with the claims of all its other unsecured and unsecured, unsubordinated creditors save those whose claims are preferred solely by any bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction of incorporationapplication.

Claims Pari Passu. Each Obligor shall ensure that at all times the claims of the Finance Parties Lender against it under the Finance Documents rank at least pari passu with the claims of all its other Obligor’s other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction of incorporationapplication.

Claims Pari Passu. Each Borrower shall and shall procure that each Obligor shall 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 other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation liquidation, winding-up or other similar laws of general application in its jurisdiction of incorporationapplication.

Claims Pari Passu. Each Obligor ABB shall ensure that at all times the claims of the Finance Parties against it each Obligor under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims are except for obligations mandatorily preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction of incorporationlaw applying to companies generally.

Claims Pari Passu. Each Obligor The Obligors shall ensure that at all times the claims of the Finance Parties Lenders against it the Obligors under any of the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction of incorporationapplication.

Claims Pari Passu. Each Obligor shall ensure that at all times the claims of the Finance Parties against it under the Finance Documents rank this Agreement ranks at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims which are preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction of incorporationor are mandatorily preferred by law applying to insurance companies generally.

Claims Pari Passu. Each Obligor The Obligors shall ensure that at all times the claims of the Finance Parties Banks against it the Obligors under any of the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction of incorporationapplication.

Claims Pari Passu. Each Obligor The Company shall ensure that at all times times, the claims of the Finance Parties against it under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction of incorporationapplication.

Claims Pari Passu. 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 other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction of incorporationlaw applying to companies generally.

Claims Pari Passu. Each Obligor shall ensure that at all times the claims of the Finance Parties against it under the Finance Credit Facility Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims are mandatorily preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction of incorporationapplication.

Claims Pari Passu. Each Obligor shall ensure that at all times the claims of the Finance Parties against it under the Finance Documents this Agreement rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or other similar mandatory laws of general application in its jurisdiction of incorporationapplication.

Claims Pari Passu. Each Obligor The Borrower 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 other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation liquidation, winding-up or other similar laws of general application in its jurisdiction of incorporationapplication.

Claims Pari Passu. Each Obligor shall (and shall procure that each of its Subsidiaries 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 other unsecured and unsubordinated creditors (save those whose claims are mandatorily preferred by any applicable law, including bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction of incorporationapplication).

Claims Pari Passu. Each Obligor The Borrower 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 other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or other similar laws rules of general application in its jurisdiction of incorporationapplication.

Claims Pari Passu. Each Obligor ABB shall ensure that at all times the claims of the Finance Parties against it each Obligor under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those of such Obligor’s creditors whose claims are mandatorily preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction of incorporationlaw applying to companies generally.

Claims Pari Passu. Each Obligor shall ensure that at all times the claims of the Finance Parties Lender against it under the Finance Documents rank at least pari passu with the claims of all its other Obligor's other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction of incorporationapplication.

Claims Pari Passu. Each Subject to the Legal Reservations, 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 other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction of incorporation.

Claims Pari Passu. Each Obligor of the Borrowers shall ensure that at all times the claims of the Finance Parties against it or any of its subsidiaries under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction application. Table of incorporation.Contents