Claims Pari Passu. The Performance Guarantor shall ensure that at all times the claims of the Beneficiaries against the Performance Guarantor under the Performance Guaranty rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors (whether present or future) save those whose claims are preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application.
Appears in 12 contracts
Samples: Receivables Financing Agreement (Herc Holdings Inc), Receivables Purchase Agreement (Vistra Corp.), Receivables Financing Agreement (Herc Holdings Inc)
