Common use of Claims Pari Clause in Contracts

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 Each Obligor shall ensure that at all times the claims of the Finance Parties and the EIF against it under this Agreement ranks the Credit Facility Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims which are mandatorily preferred 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 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 whose 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 generallyapplication.

Claims Pari. Passu Each Obligor shall ensure that at all times the claims of the Finance Parties against it under this Agreement ranks rank 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 or are mandatorily preferred by law applying to insurance companies generallyapplication.

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