Common use of Pari Passu Obligations Clause in Contracts

Pari Passu Obligations. The obligations under this Agreement shall constitute direct, unconditional, senior, unsubordinated, general obligations of the Borrower and will rank at least pari-passu (in priority of payment) with all other existing and future senior, unsecured, unsubordinated obligations of the Borrower resulting from any indebtedness for borrowed money or Debt Guarantee.

Pari Passu Obligations. The obligations under this Agreement shall constitute direct, unconditional, senior, unsubordinated, general obligations of the Borrower Applicant Party and will rank at least pari-passu (in priority of payment) with all other existing and future senior, unsecured, unsubordinated obligations of the Borrower Applicant Party resulting from any indebtedness for borrowed money or Debt Guarantee.

Pari Passu Obligations. The obligations under this Agreement shall constitute direct, unconditional, senior, unsubordinated, general obligations of the each Borrower and will rank at least pari-passu (in priority of payment) with all other existing and future senior, unsecured, unsubordinated obligations of the such Borrower resulting from any indebtedness for borrowed money or Debt Guarantee.

Pari Passu Obligations. The obligations under this Agreement shall Obligations constitute the direct, unconditional, senior, unsubordinated, unconditional and general obligations of the Borrower Borrower, and will rank at least pari-pari passu (in priority of payment) with all other existing Indebtedness and future senior, unsecured, unsubordinated other obligations of the Borrower resulting from any indebtedness for borrowed money or Debt GuaranteeBorrower.

Pari Passu Obligations. The obligations under this Agreement shall constitute direct, unconditional, senior, unsubordinated, general obligations of the Borrower and will rank at least pari-passu (in priority of payment) with all other existing and future senior, unsecured, unsubordinated obligations of the Borrower resulting from any indebtedness for borrowed money or Debt Guarantee.of

Pari Passu Obligations. The obligations under this Agreement shall Obligations constitute the direct, unconditionalunconditional and general obligations of the Borrower, senior, unsubordinated, general and rank at least pari passu with all other Indebtedness and other obligations of the Borrower and will rank at least pari-passu (in priority of payment) with senior to all other existing and future senior, unsecured, unsubordinated obligations of the Borrower resulting from any indebtedness for borrowed money or Debt GuaranteeBorrower’s Subordinated Notes.