Common use of Notes to Rank Pari Passu Clause in Contracts

Notes to Rank Pari Passu. The Notes and all other respective obligations of the Obligors under this Agreement are and at all times shall rank at least pari passu in right of payment with all other present and future unsecured senior Indebtedness (actual or contingent) of each Obligor which is not expressed to be subordinate or junior in rank to any other unsecured Indebtedness of each such Obligor.

Appears in 5 contracts

Samples: Note Purchase Agreement, Note Purchase Agreement (Gallagher Arthur J & Co), Note Purchase Agreement (Gallagher Arthur J & Co)

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Notes to Rank Pari Passu. The Notes and all other respective obligations under this Agreement of the Obligors under this Agreement are and at all times shall rank at least remain direct and unsecured obligations of the Obligors ranking pari passu in right as against the assets of payment the Obligors with all other Notes from time to time issued and outstanding hereunder without any preference among themselves and pari passu with all other present and future unsecured senior Indebtedness Debt (actual or contingent) of each Obligor the Obligors which is not expressed to be subordinate or junior in rank to any other unsecured Indebtedness Debt of each such Obligorthe Obligors.

Appears in 2 contracts

Samples: Note Purchase Agreement (Family Dollar Stores Inc), Note Purchase Agreement (Family Dollar Stores Inc)

Notes to Rank Pari Passu. The Notes and all other respective obligations under this Agreement of the Obligors under this Agreement are and at all times shall rank at least remain direct and unsecured obligations of the Obligors ranking pari passu in right as against the assets of payment the Obligors with all other Notes from time to time issued and outstanding hereunder without any preference among themselves and pari passu with all other present and future unsecured senior Indebtedness Debt (actual or contingent) of each Obligor the Obligors which is not expressed to be subordinate or junior in rank to any other unsecured Indebtedness Debt of each such Obligorthe Obligors.

Appears in 1 contract

Samples: Note Purchase Agreement (Helen of Troy LTD)

Notes to Rank Pari Passu. The Notes and all other respective obligations of the Obligors each Obligor under this Agreement are and at all times shall rank at least pari passu in right of payment with all other present and future unsecured senior Indebtedness Debt (actual or contingent) of each such Obligor which that is not expressed to be subordinate or junior in rank to any other unsecured Indebtedness Debt of each such Obligor.

Appears in 1 contract

Samples: Note Purchase Agreement (Unifirst Corp)

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Notes to Rank Pari Passu. The Notes and all other respective obligations under this Agreement of the Obligors under this Agreement are and at all times shall rank at least remain direct and unsecured obligations of the Obligors ranking pari passu in right as against the assets of payment the Obligors with all other Notes from time to time issued and outstanding hereunder without any preference among themselves and pari passu with all Debt outstanding under the Senior Credit Agreement and all other present and future unsecured senior Indebtedness Debt (actual or contingent) of each Obligor the Obligors which is not expressed to be subordinate or junior in rank to any other unsecured Indebtedness Debt of each such Obligorthe Obligors.

Appears in 1 contract

Samples: Note Purchase Agreement (Brady Corp)

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