Common use of Pari passu or priority Clause in Contracts

Pari passu or priority. status The claims of the Agent and the Lenders against the Borrower under this Agreement will rank at least pari passu with the claims of all unsecured creditors of the Borrower (other than claims of such creditors to the extent that they are statutorily preferred) and in priority to the claims of any creditor of the Borrower who is also an Obligor.

Pari passu or priority. status The claims of the Agent and the Lenders Finance Parties against the Borrower under this Agreement will rank at least pari passu with the claims of all unsecured creditors of the Borrower (other than claims of such creditors to the extent that they are statutorily preferred) and in priority to the claims of any creditor of the Borrower who is also an Obligor.

Pari passu or priority. status The claims of the Agent and the Lenders Issuers against the Borrower Indemnifier under this Agreement will rank at least pari passu with the claims of all unsecured creditors of the Borrower Indemnifier (other than claims of such creditors to the extent that they are statutorily preferred) and in priority to the claims of any creditor of the Borrower Indemnifier who is also an Obligora Security Party.