Common use of Claims Pari Passu Clause in Contracts

Claims Pari Passu. Under the laws of its jurisdiction of incorporation in force at the date of this Agreement, the claims of the Finance Parties against each Obligor under this Agreement will rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those claims which are preferred solely 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. Under the laws of its jurisdiction of incorporation in force at the date of this Agreement, the claims of the Finance Parties against each Obligor the Borrower under this Agreement will rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those claims which are preferred solely 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. Under the laws of its jurisdiction of incorporation in force at the date of this Agreementhereof, the claims of the Finance Parties against each Obligor it under this Agreement the Credit Facility Documents will rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims which are mandatorily preferred solely by any bankruptcy, insolvency, liquidation or other similar laws of general application or are mandatorily preferred by law applying to insurance companies generallyapplication.

Claims Pari Passu. Under the laws of its jurisdiction of incorporation in force at the date of this Agreement, the claims of the Finance Parties against each Obligor under this Agreement will rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims which are preferred solely by any bankruptcy, insolvency, liquidation or other similar laws of general application or are mandatorily preferred by law applying to insurance companies generallyapplication.

Claims Pari Passu. Under the laws of its jurisdiction of incorporation in force at the date of this Agreementhereof, the claims of the Finance Parties Lender against each Obligor it under this Agreement will rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims which are preferred solely by any bankruptcy, insolvency, liquidation or other similar laws of general application or are mandatorily preferred by law applying to insurance companies generallyapplication.

Claims Pari Passu. Under the laws of its jurisdiction of incorporation in force at the date of this Agreementhereof, the claims of the Finance Parties against each Obligor it under this Agreement the Finance Documents will rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims which are preferred solely by any bankruptcy, insolvency, liquidation liquidation, taxation or social security legislation or other similar mandatory laws of general application or are mandatorily preferred by law applying to insurance companies generallyapplication.

Claims Pari Passu. Under the laws of its jurisdiction of incorporation in force at the date of this Agreementhereof, the claims of the Finance Parties against each Obligor it under this Agreement the Finance Documents will rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims which are preferred solely by any bankruptcy, insolvency, liquidation or other similar laws of general application or are mandatorily preferred by law applying to insurance companies generallyapplication.