Common use of Equally and Ratably Secured Clause in Contracts

Equally and Ratably Secured. Except as otherwise --------------------------- expressly provided in this Indenture, all Secured Notes, including any Additional Notes, at any time Outstanding under this Indenture shall be equally and ratably secured by this Indenture without preference, priority or distinction on account of the series, date, time of issue or maturity of such Secured Notes. All Additional Notes at any time Outstanding under this Indenture shall be equally and ratably secured by this Indenture without preference, priority or distinction on account of the series, date, time of issue or maturity of such Additional Notes.

Appears in 4 contracts

Samples: Lease and Security Agreement (Mobil Corp), Lease and Security Agreement (Mobil Corp), Lease, and Security Agreement (Mobil Corp)

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Equally and Ratably Secured. Except as otherwise --------------------------- expressly provided in this Indenture or any supplement to this Indenture, all Secured Notes, including any Additional Notes, at any time Outstanding under this Indenture shall be equally and ratably secured by this Indenture without preference, priority or distinction on account of the series, date, time of issue or maturity of such Secured Notes. All Additional Notes at any time Outstanding under this Indenture shall be equally and ratably secured by this Indenture without preference, priority or distinction on account of the series, date, time of issue or maturity of such Additional Notes.

Appears in 2 contracts

Samples: Lease and Security Agreement (Mobil Corp), Lease and Security Agreement (Mobil Corp)

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