Obligations Pari Passu. The obligations of each Borrower arising under this Agreement and the Loan Documents rank pari passu and equal in right of payment with all of the other Indebtedness of each Borrower, which is not by its terms secured by any assets of each Borrower and its Subsidiaries, and which is not subordinate in right of payment to any other Indebtedness of such Borrower or its Subsidiaries.
Appears in 4 contracts
Samples: Credit Agreement (Cameron International Corp), Credit Agreement (Cameron International Corp), Credit Agreement (Cameron International Corp)
Obligations Pari Passu. The obligations of each Borrower arising under this Agreement and the Loan Documents rank pari passu and equal in right of payment with all of the other Indebtedness of each Borrower, which is not by its terms secured by any assets of each Borrower and its Restricted Subsidiaries, and which is not subordinate in right of payment to any other Indebtedness of such Borrower or its Restricted Subsidiaries.
Appears in 3 contracts
Samples: Credit Agreement (Cameron International Corp), Credit Agreement (Cameron International Corp), Credit Agreement (Cameron International Corp)
Obligations Pari Passu. The obligations of each Borrower Applicant arising under this Agreement and the Loan Credit Documents rank pari passu and equal in right of payment with all of the other Indebtedness of each Borrowerthe Applicants and their Subsidiaries, which is not by its terms secured by any assets of each Borrower Applicant and its Subsidiaries, and which is not subordinate in right of payment to any other Indebtedness of such Borrower Applicant or its Subsidiaries.
Appears in 1 contract
Samples: Continuing Agreement for Letters of Credit (Cameron International Corp)
