Common use of Obligations to be Pari Passu Clause in Contracts

Obligations to be Pari Passu. The obligations of each Obligor under this Agreement and the other Credit Documents to which it is a party will rank at all times pari passu as to priority of payment and in all other respects with all other material unsecured and unsubordinated Debt of the such Obligor, with the exception of those obligations that are mandatorily preferred by law and not by contract.

Appears in 30 contracts

Samples: Reimbursement Agreement (Equitable Holdings, Inc.), Reimbursement Agreement (Equitable Holdings, Inc.), Reimbursement Agreement (Equitable Holdings, Inc.)

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Obligations to be Pari Passu. The obligations of each Obligor under this Agreement and the each other Credit Documents Document to which it is a party will rank at all times pari passu as to priority of payment and in all other respects with all other material unsecured and unsubordinated Debt of the such Obligor, with the exception of those obligations that are mandatorily preferred by law and not by contract.

Appears in 30 contracts

Samples: Reimbursement Agreement (Equitable Holdings, Inc.), Reimbursement Agreement (Equitable Holdings, Inc.), Reimbursement Agreement (Equitable Holdings, Inc.)

Obligations to be Pari Passu. The Company’s obligations of each Obligor under this Agreement and the each other Credit Documents Document to which it is a party will rank at all times pari passu as to priority of payment and in all other respects with all other material unsecured and unsubordinated Debt of the such ObligorCompany, with the exception of those obligations that are mandatorily preferred by law and not by contract.

Appears in 13 contracts

Samples: Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp), Term Loan Agreement (Jackson Financial Inc.)

Obligations to be Pari Passu. The Company’s obligations of each Obligor under this Agreement and the other Credit Documents to which it is a party will rank at all times pari passu as to priority of payment and in all other respects with all other material unsecured and unsubordinated Debt of the such ObligorCompany, with the exception of those obligations that are mandatorily preferred by law and not by contract.

Appears in 9 contracts

Samples: Term Loan Agreement (Jackson Financial Inc.), Revolving Credit Agreement (Brighthouse Financial, Inc.), Term Loan Agreement (Brighthouse Financial, Inc.)

Obligations to be Pari Passu. The Each Account Party's obligations of each Obligor under this Agreement and the other Credit Documents to which it is a party will rank at all times pari passu as to priority of payment and in all other respects with all other material unsecured and unsubordinated Debt of the such Obligor, Account Party with the exception of those obligations that are mandatorily preferred by law and not by contract.

Appears in 5 contracts

Samples: Credit Agreement (Lincoln National Corp), 364 Day Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

Obligations to be Pari Passu. The Company's obligations of each Obligor under this Agreement and the each other Credit Documents Document to which it is a party will rank at all times pari passu as to priority of payment and in all other respects with all other material unsecured and unsubordinated Debt of the such Obligor, with the exception of those obligations that are mandatorily preferred by law and not by contractCompany.

Appears in 5 contracts

Samples: Credit Agreement (Lincoln National Corp), 364 Day Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

Obligations to be Pari Passu. The Each Account Party’s obligations of each Obligor under this Agreement and the other Credit Documents to which it is a party will rank at all times pari passu as to priority of payment and in all other respects with all other material unsecured and unsubordinated Debt of the such Obligor, Account Party with the exception of those obligations that are mandatorily preferred by law and not by contract.

Appears in 4 contracts

Samples: Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

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Obligations to be Pari Passu. The Permit its obligations of each Obligor under this Agreement and the other Credit Documents Notes to which it is a party will rank at all times any time less than pari passu as to priority of payment and in all other respects with all other material unsecured and unsubordinated Debt of the such Obligor, with the exception of those obligations that are mandatorily preferred by law and not by contractBorrower.

Appears in 3 contracts

Samples: Credit Agreement (Computer Associates International Inc), 364 Day Credit Agreement (Computer Associates International Inc), 364 Day Credit Agreement (Computer Associates International Inc)

Obligations to be Pari Passu. The Company's obligations of each Obligor under this Agreement and the each other Credit Documents Document to which it is a party will rank at all times pari passu as to priority of payment and in all other respects with all other material unsecured and unsubordinated Debt of the such ObligorCompany, with the exception of those obligations that are mandatorily preferred by law and not by contract.

Appears in 2 contracts

Samples: Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

Obligations to be Pari Passu. The Each Account Party's obligations of each Obligor under this Agreement and the other Credit Documents to which it is a party will rank at all times pari passu as to priority of payment and in all other respects with all other material unsecured and unsubordinated Debt of the such Obligor, Account Party with the exception of those obligations that are mandatorily preferred by law and not by contract.

Appears in 2 contracts

Samples: Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

Obligations to be Pari Passu. The Each Account Party’s obligations of each Obligor under this Agreement and the other Credit Documents to which it is a party will rank at all times pari passu as to priority of payment and in all other respects with all other material unsecured and unsubordinated Debt of the such Obligor, Account Party with the exception of those obligations that are mandatorily preferred by law and not by contract.

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

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