Common use of Debentures to Rank Pari Passu Clause in Contracts

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, other than Senior Indebtedness.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, other than Senior Indebtedness.

Debentures to Rank Pari Passu. The Debentures will be direct senior unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and senior unsecured obligations or indebtedness of the Corporation, other than Senior Indebtedness.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the CorporationCompany. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, other than Senior IndebtednessCompany.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation except for sinking fund provisions (if any) applicable to different series of Debentures or other similar types of obligations of the Corporation, other than Senior Indebtedness.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, Corporation (other than Senior Indebtedness) except for sinking fund provisions (if any) applicable to different series of Debentures or other similar types of obligations of the Corporation.

Debentures to Rank Pari Passu. The Debentures will be direct direct, subordinated unsecured obligations of the CorporationCompany. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, Company (other than Senior Indebtedness) except for sinking fund provisions (if any) applicable to different series of Debentures or other similar types of obligations of the Company.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, other than Senior Indebtedness.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured subordinated obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, Corporation (other than Senior Indebtedness) to the extent subordinated on the same terms.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured secured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptionsunless otherwise specified herein or in any supplemental indenture, with all other present each series of Debentures issued under this Indenture or under any supplemental indenture to this Indenture, and future subordinated will be subordinate to the Senior Indebtedness in accordance with the terms and unsecured indebtedness conditions of the Corporation, other than Senior IndebtednessSubordination Agreement.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the CorporationCorporation (including the Prior Debentures), other than Senior Indebtedness.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, other than Senior Indebtedness.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all will rank pari passu or in priority in right of payment, as the case may be, to other present and future subordinated and unsecured indebtedness of the Corporation. For greater certainty, other than Senior the Debentures shall be subordinate to Secured Indebtedness.

Debentures to Rank Pari Passu. The Debentures will be direct senior unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject Debenture. Subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, other than Senior IndebtednessCorporation shall be subordinated to the Debentures.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, other than Senior Indebtedness).

Debentures to Rank Pari Passu. The Debentures will be direct unsecured subordinated obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, other than than, for certainty, Senior Indebtedness, to the extent that such other existing and future subordinated unsecured indebtedness of the Corporation is subordinated on the same terms.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured obligations or indebtedness of the Corporation, other than Senior Indebtedness.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured unsecured, subordinated obligations of the CorporationCompany. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, Company except for sinking Company provisions (if any) applicable to different series of Debentures or other than Senior Indebtednesssimilar types of obligations of the Company.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, other than the Senior Indebtedness.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, other than Senior Indebtedness.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, other than the Senior Indebtedness.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) andand will rank pari passu or in priority in right of payment, subject as the case may be, to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, other than Senior IndebtednessCorporation which by the terms of the instrument creating or evidencing such indebtedness is expressed to be pari passu with or subordinate in right of payment to the Debentures.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation except for sinking fund provisions (if any) applicable to different series of Debentures or other similar types of obligations of the Corporation, other than Senior Indebtedness.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of The Debentures will rank pari passu with each other Debenture of the same series (regardless irrespective of their actual date or terms of issue) and, subject Issuance Date to statutory preferred exceptions, with all other present existing and future subordinated and unsecured indebtedness of the Corporation, other than Corporation and will be subordinated to all existing and future Senior Indebtedness.

Debentures to Rank Pari Passu. The Debentures will be direct unsecured subordinated obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, Corporation (other than Senior Indebtedness).

Debentures to Rank Pari Passu. The Debentures will be direct unsecured obligations of the Corporation. Each Debenture of the same series of Debentures will rank pari passu Pari Passu with each other Debenture of the same series (regardless of their actual date or terms of issue) and, subject to statutory preferred exceptions, with all other present and future subordinated and unsecured indebtedness of the Corporation, other than Senior Indebtedness.