Pari Passu Ranking. Each Borrower shall take, or cause to be taken, all actions necessary to ensure that the Obligations of such Borrower are and continue to rank at least pari passu in right of payment with all other unsecured and unsubordinated Indebtedness of such Borrower.
Appears in 12 contracts
Samples: Credit Agreement (Flex Ltd.), Credit Agreement (Flextronics International Ltd.), Credit Agreement (Flextronics International Ltd.)
Pari Passu Ranking. Each Borrower shall take, or cause to be taken, all actions necessary to ensure that the Obligations of such Borrower are and continue to rank at least pari passu in right of payment with all other unsecured and unsubordinated Indebtedness of such Borrower.
Appears in 5 contracts
Samples: Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD)
Pari Passu Ranking. Each The Obligations shall, and Borrower shall take, or cause to be taken, take all actions necessary action to ensure that the Obligations of such Borrower are and continue to shall, at all times, rank at least pari passu in right of payment with all other senior unsecured and unsubordinated Indebtedness of such Borrower.
Appears in 5 contracts
Samples: Credit Agreement (Sykes Enterprises Inc), Credit Agreement (Sykes Enterprises Inc), Credit Agreement (Sykes Enterprises Inc)
Pari Passu Ranking. Each The Debt shall, and Borrower shall take, or cause to be taken, take all actions necessary action to ensure that the Obligations of such Borrower are and continue to Debt shall, at all times rank at least pari passu in right of payment (to the fullest extent permitted by law) with all other senior unsecured and unsubordinated Indebtedness of such BorrowerBorrower and each Guarantor of Payment.
Appears in 4 contracts
Samples: Credit Agreement (Steris Corp), Credit Agreement (Steris Corp), Credit Agreement (Steris Corp)
Pari Passu Ranking. Each The Borrower shall take, or cause to be taken, all actions necessary to ensure that the Obligations of such the Borrower are and continue to rank at least pari passu in right of payment with all other unsecured and unsubordinated Indebtedness of such the Borrower.
Appears in 4 contracts
Samples: Term Agreement (Flex Ltd.), Term Loan Agreement (Flex Ltd.), Term Loan Agreement (Flextronics International Ltd.)
Pari Passu Ranking. Each The Borrower shall take, or cause to be taken, all actions which may be or become necessary or appropriate to ensure that the Obligations obligations of such the Borrower are and under the Financing Documents will continue to rank constitute their direct and unconditional obligations ranking at least pari passu in right of payment with all other senior unsecured and unsubordinated Indebtedness of such the Borrower.
Appears in 3 contracts
Samples: Pre Export Credit Agreement (Canuelas Mill S.A.C.I.F.I.A.), Pre Export Credit Agreement (Canuelas Mill S.A.C.I.F.I.A.), Pre Export Credit Agreement (Canuelas Mill S.A.C.I.F.I.A.)
Pari Passu Ranking. Each Borrower shall take, or cause to be taken, all actions necessary to ensure that the Obligations of such Borrower are and continue to rank at least pari passu in right of payment with all other unsecured and unsubordinated Senior Indebtedness of such Borrower.
Appears in 2 contracts
Samples: Annual Report, Credit Agreement (Lam Research Corp)
Pari Passu Ranking. Each The Debt shall, and Borrower shall take, or cause to be taken, take all actions necessary action to ensure that the Obligations of such Borrower are and continue to Debt shall, at all times, rank at least pari passu in right of payment with all other senior unsecured and unsubordinated Indebtedness of such Borrower.
Appears in 2 contracts
Samples: Credit Agreement (Pioneer Standard Electronics Inc), Credit Agreement (Sykes Enterprises Inc)
Pari Passu Ranking. Each Borrower shall take, or cause to be taken, all actions necessary to ensure that the Obligations of such Borrower are and continue to rank at least pari passu in right of payment with all other unsecured and unsubordinated Indebtedness of such Borrower.
Appears in 2 contracts
Samples: Credit Agreement (Adobe Systems Inc), Credit Agreement (Veritas Software Corp /De/)
Pari Passu Ranking. Each Borrower shall take, or cause to be taken, ------------------ all actions necessary to ensure that the Obligations of such Borrower are and continue to rank at least pari passu in right of payment with all other ---------- unsecured and unsubordinated Indebtedness of such BorrowerBorrower (including, without limitation, Indebtedness evidenced by the Private Placement Notes).
Appears in 1 contract
Samples: Credit Agreement (Acuson Corp)
Pari Passu Ranking. Each Borrower shall take, or cause to be taken, ------------------ all actions necessary to ensure that the Obligations of such Borrower are and continue to rank at least pari passu in right of payment with all other ---- ----- unsecured and unsubordinated Indebtedness of such Borrower.
Appears in 1 contract
Samples: Credit Agreement (Acuson Corp)
Pari Passu Ranking. Each Borrower shall takeTake, or cause to be taken, all actions action that may be or become necessary or appropriate to ensure that the Obligations obligations of such the Borrower are with respect to the Loans and the Notes will continue to rank constitute its direct and unconditional obligations, ranking at least pari passu in right of payment with all other present and future unsecured and unsubordinated Indebtedness of such the Borrower.
Appears in 1 contract
Pari Passu Ranking. Each The Borrower shall take, or cause to be taken, all actions which may be or become necessary or appropriate to ensure that the Obligations obligations of such the Borrower are and under the Financing Documents will continue to rank constitute its direct and unconditional obligations ranking at least pari passu in right of payment with all other senior unsecured and unsubordinated Indebtedness of such the Borrower, except for the obligations mandatorily preferred pursuant to Applicable Law.
Appears in 1 contract
