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.
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Samples: Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.), Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.), Loan Agreement (Getronics N V)
Claims Pari Passu. Each Obligor The Borrower shall ensure that at all times the claims of the Finance Parties against it under the Finance Security 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.
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Samples: Loan Agreement, Loan Agreement (Teekay Shipping Corp), Loan Agreement (Teekay Shipping Corp)
Claims Pari Passu. Each Obligor shall ensure Ensure that at all times the claims of the Finance Parties against it under each 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.;
Appears in 2 contracts
Samples: Facility Agreement (Macquarie Infrastructure CO Trust), Facility Agreement (Macquarie Infrastructure Assets Trust)
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, composition, insolvency, liquidation liquidation, reorganisation, moratorium or other similar laws of general application.
Appears in 2 contracts
Samples: Loan Agreement (Western Wireless Corp), Loan Agreement (Western Wireless Corp)
Claims Pari Passu. Each Obligor shall ensure that at all times the claims of the Finance Parties against it under the Finance Facility 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.
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Samples: Multicurrency Revolving Credit Facility Agreement (Prologis Trust)
Claims Pari Passu. Each Obligor of the Borrower and the Guarantors shall ensure that at all times the claims of the Finance Parties against it under the Finance Documents to which it is a party 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.
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Claims Pari Passu. Each Obligor The Borrower shall ensure that at all times the claims of the Finance Parties Bank 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.
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