Pari Passu Obligations. The Obligations of the Loan Parties rank at least pari passu in priority of payment with all other unsecured and secured Indebtedness for borrowed money of the Loan Parties.
Appears in 3 contracts
Samples: Continuing Covenant Agreement, Continuing Covenant Agreement (SemGroup Corp), Continuing Covenant Agreement (SemGroup Corp)
Pari Passu Obligations. The Obligations of the Loan Parties under the Loan Documents rank at least pari passu in priority of payment with all other unsecured present and secured future senior Indebtedness for borrowed money of the Loan Parties, other than any obligations that are mandatorily preferred by Law and not by contract.
Appears in 1 contract
Samples: Credit Agreement (Genpact LTD)
Pari Passu Obligations. The Obligations of the Loan Parties rank at least pari passu in priority of payment with all other unsecured and secured Indebtedness for borrowed money of the Loan PartiesParties (subject to Section 2.01 of the Intercreditor Agreement).
Appears in 1 contract
Samples: Credit Agreement (SemGroup Corp)
