Common use of Debentures to Rank Pari Passu Clause in Contracts

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

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

Debentures to Rank Pari Passu. The Debentures will be direct senior unsecured obligations of the Corporation. Each Debenture The Debentures will rank pari passu with each other Debenture (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 senior unsecured obligations or subordinated indebtedness of the CorporationCorporation and will be subordinated to all existing and future Senior Indebtedness.

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

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

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

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