Obligations rank pari passu Sample Clauses

Obligations rank pari passu. The Obligations rank at least pari passu in right of payment and in all other respects with all other unsecured unsubordinated Indebtedness of the Borrower.
Sample 1Sample 2Sample 3See All (40)
AutoNDA by SimpleDocs
Obligations rank pari passu. The Obligations rank at least PARI PASSU in right of payment and in all other respects with all other unsecured unsubordinated Indebtedness of the Borrower.
Sample 1Sample 2Sample 3
Obligations rank pari passu. (a) The obligations of the Issuer under this Agreement rank, and the Notes when executed will rank, at least pari passu in right of payment with all other unsecured senior Indebtedness (actual or contingent) of the Issuer, including, without limitation, all unsecured senior Indebtedness of the Issuer described on Schedule 6.15. Back to Contents (b) The obligations of the Parent Guarantor under the Guaranty set forth in Section 12 rank at least pari passu in right of payment with all other unsecured senior Indebtedness (actual or contingent) of the Parent Guarantor, including, without limitation, all unsecured senior Indebtedness of the Parent Guarantor described on Schedule 6.15. (c) The obligations of each Subsidiary Guarantor under the Subsidiary Guaranty Agreement, when executed, will rank at least pari passu in right of payment with all other unsecured senior Indebtedness (actual or contingent) of such Subsidiary Guarantor, including, without limitation, all unsecured senior Indebtedness of such Subsidiary Guarantor described on Schedule 6.15.
Sample 1Sample 2
Obligations rank pari passu. The obligations of the Parent Corporation under this Agreement (including the Parent Guaranty) rank at least pari passu in right of payment with all other senior unsecured Debt (actual or contingent) of the Parent Corporation, including, without limitation, all senior unsecured Debt of the Parent Corporation described in SCHEDULE 5.1.15 hereto, except as contemplated in SECTION 9.1.10.
Sample 1
Obligations rank pari passu. The obligations of the Company under this Agreement and the Notes rank at least pari passu in right of payment with all other senior unsecured Debt (actual or contingent) of the Company, including, without limitation, all senior unsecured Debt of the Company described in SCHEDULE 5.1.15 hereto, except as contemplated in SECTION 9.1.10.
Sample 1
Obligations rank pari passu. The Obligations rank at least pari passu in right of payment with all obligations of the Loan Parties under the Senior Note Purchase Agreement (and the Senior Notes) and all obligations of the Loan Parties under the Franchise Facility. CHAR1\1040690v15 (l) Section 5.1 of the Credit Agreement is hereby amended by deleting the period after subsection (e) thereof and replacing such period with a semi-colon and by inserting new subsections (f) and (g) following subsection (e) thereof which shall read as follows:
Sample 1
Obligations rank pari passu. The Obligations of the Borrower rank at least pari passu to all other unsecured and unsubordinated Indebtedness of the Borrower, except for the priority afforded by the Security Documents.
Sample 1
AutoNDA by SimpleDocs
Obligations rank pari passu. Except as otherwise required by law, the obligations of the Parent Issuer under this Agreement rank pari passu in right of payment with all other senior unsecured Indebtedness (actual or contingent) of the Parent Issuer, including, without -15- limitation, all senior unsecured Indebtedness of the Parent Issuer described in Schedule 5.15 hereto. Except as otherwise required by law, the obligations of the Company under this Agreement and the Notes rank pari passu in right of payment with all other senior unsecured Indebtedness (actual or contingent) of the Company, including, without limitation, all senior unsecured Indebtedness of the Company described in Schedule 5.15 hereto.
Sample 1
Obligations rank pari passu. The Obligations rank at least pari passu in right of payment with all other Senior Debt (actual or contingent) of the Borrower.
Sample 1

Related to Obligations rank pari passu

  • Notes Rank Pari Passu The obligations of the Company under this Agreement and the Notes rank pari passu in right of payment with all other senior unsecured Debt (actual or contingent) of the Company, including, without limitation, all senior unsecured Debt of the Company described in Schedule 5.15 hereto.

  • Notes to Rank Pari Passu The Notes and all other obligations under this Agreement of the Company are and at all times shall remain direct and unsecured obligations of the Company ranking pari passu as against the assets of the Company 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 Debt (actual or contingent) of the Company which is not expressed to be subordinate or junior in rank to any other unsecured Debt of the Company.

  • Pari Passu Its obligations under this Agreement rank pari passu with all of its other unsecured, unsubordinated obligations except those obligations preferred by operation of law."

  • No Lender Obligations (a) Notwithstanding the provisions of Subsections 1.1(h) and (n) or Section 1.2, Lender is not undertaking the performance of (i) any obligations under the Leases; or (ii) any obligations with respect to such agreements, contracts, certificates, instruments, franchises, permits, trademarks, licenses and other documents. (b) By accepting or approving anything required to be observed, performed or fulfilled or to be given to Lender pursuant to this Mortgage, the Loan Agreement, the Note or the other Loan Documents, including, without limitation, any officer’s certificate, balance sheet, statement of profit and loss or other financial statement, survey, appraisal, or insurance policy, Lender shall not be deemed to have warranted, consented to, or affirmed the sufficiency, the legality or effectiveness of same, and such acceptance or approval thereof shall not constitute any warranty or affirmation with respect thereto by Lender.

  • Swap Obligations Neither the Company nor any of its Subsidiaries has incurred any outstanding obligations under any Swap Contracts, other than Permitted Swap Obligations. The Company has undertaken its own independent assessment of its consolidated assets, liabilities and commitments and has considered appropriate means of mitigating and managing risks associated with such matters and has not relied on any swap counterparty or any Affiliate of any swap counterparty in determining whether to enter into any Swap Contract.

  • Setoff Ratable Payments 11.1. Setoff..........................................................55 11.2.

  • Pari Passu Obligations The Guarantor shall ensure that its obligations hereunder at all times constitute direct, general obligations of the Guarantor ranking at least pari passu in right of payment with all other unsecured, unsubordinated Indebtedness (other than Indebtedness that is preferred by mandatory provisions of law) of the Guarantor.

  • Lender Obligations Each Lender and Issuing Bank shall promptly notify Borrowers and Agent of any change in circumstances that would change any claimed Tax exemption or reduction. Each Lender and Issuing Bank shall indemnify, hold harmless and reimburse (within 10 days after demand therefor) Borrowers and Agent for any Taxes, losses, claims, liabilities, penalties, interest and expenses (including reasonable attorneys’ fees) incurred by or asserted against a Borrower or Agent by any Governmental Authority due to such Lender’s or Issuing Bank’s failure to deliver, or inaccuracy or deficiency in, any documentation required to be delivered by it pursuant to this Section. Each Lender and Issuing Bank authorizes Agent to set off any amounts due to Agent under this Section against any amounts payable to such Lender or Issuing Bank under any Loan Document.

  • Warrants to Rank Pari Passu All Warrants shall rank equally and without preference over each other, whatever may be the actual date of issue thereof.

  • Pari Passu Guarantees The obligations of the Guarantor under this Guarantee Agreement shall rank pari passu with any similar guarantee agreements issued by the Guarantor on behalf of the holders of preferred or capital securities issued by the Issuer Trust and with any other security, guarantee or other obligation that is expressly stated to rank pari passu with the obligations of the Guarantor under this Guarantee Agreement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!