Common use of Direct Obligations; Pari Passu Clause in Contracts

Direct Obligations; Pari Passu. (a) This Agreement constitutes a direct, unconditional unsubordinated and unsecured obligation of such Guarantor. (b) The obligations of such Guarantor under this Agreement rank and will rank in priority of payment at least pari passu with all other senior unsecured Debt of such Guarantor.

Direct Obligations; Pari Passu. (a) This Agreement constitutes a direct, unconditional unsubordinated and unsecured obligation of such Guarantorthe Borrower. (b) The Loans, when made, will constitute direct, unconditional unsubordinated and unsecured obligations of such Guarantor under this Agreement rank and will rank in priority of payment at least pari passu with all other senior unsecured Debt of such Guarantorthe Borrower.

Direct Obligations; Pari Passu. (a) This Agreement constitutes a direct, unconditional unsubordinated and unsecured obligation of such Guarantor. (b) The obligations of such Any amounts due and payable by the Guarantor under this Agreement rank and will rank in priority of payment at least pari passu with all other the senior unsecured Debt of such Guarantor.

Direct Obligations; Pari Passu. (a) This Agreement constitutes a direct, unconditional unconditional, unsubordinated and unsecured obligation of such GuarantorObligor. (b) The obligations of such Guarantor Obligor under this Agreement rank and will rank in priority of payment at least pari passu with all other senior unsecured Debt of such GuarantorObligor.

Direct Obligations; Pari Passu. (a) This Agreement constitutes a direct, unconditional unconditional, unsubordinated and unsecured obligation of such the Guarantor. (b) The obligations of such the Guarantor under this Agreement rank and will rank in priority of payment at least pari passu with all other senior unsecured Debt of such the Guarantor.