Pari Passu Rights Sample Clauses

Pari Passu Rights. Each Secured Party agrees that all of the Collateral is for the joint and pari passu benefit of all the Secured Parties in accordance with and subject to the terms of this Agreement and the other Collateral Documents as security for the payment and performance of the Secured Obligations, notwithstanding the date of the incurrence of the Secured Obligations or the date, manner or order of grant, attachment or perfection of any Liens granted to the Collateral and Intercreditor Agent for the benefit of the Secured Parties or to any Secured Party in the Collateral and notwithstanding any provision of the Uniform Commercial Code, Mexican law or any other applicable law or decision thereunder.
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Pari Passu Rights. The Company shall ensure that, if in the good faith judgment of the Board, any party that becomes a Shareholder of the Company after the date hereof, receives right of first offer or registration rights that are superior to those granted to the Investors herein, the Company and the Founder shall agree to an amendment of this Agreement to provide for right of first offer and registration rights to the Investors that are pari passu to those rights granted to the subsequent Shareholders.
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Pari Passu Rights. While this Agreement is in effect, the Company shall be prohibited from granting any registration rights to any other party which rank superior to or pari passu with those granted to the Holders hereunder; provided that this Section 4 shall not affect any registration rights previously granted by the Company.
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Pari Passu Rights. 6.10.1. Unless otherwise provided herein, all Securities held, purchased or received by the Investors shall and will rank pari-passu with other comparable Securities of the Company. 6.10.2. It is clarified that the aforesaid sentence shall not affect or prejudice any rights of the Shareholders available pursuant to this Agreement.
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Related to Pari Passu Rights

  • Pari Passu Ranking Each Obligor must ensure that its payment obligations under the Finance Documents rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies generally.

  • Pari Passu Notes Investor acknowledges and agrees that the payment of all or any portion of the outstanding principal amount of this Note and all interest hereon shall be pari passu in right of payment and in all other respects to the other Notes. In the event Investor receives payments in excess of its pro rata share of the Company’s payments to the Investors of all of the Notes, then Investor shall hold in trust all such excess payments for the benefit of the holders of the other Notes and shall pay such amounts held in trust to such other holders upon demand by such holders.

  • Pari Passu Guarantees The obligations of the Guarantor under this Guarantee Agreement shall rank pari passu with any similar guarantee agreements issued by the Guarantor on behalf of the holders of preferred or capital securities issued by the Issuer Trust and with any other security, guarantee or other obligation that is expressly stated to rank pari passu with the obligations of the Guarantor under this Guarantee Agreement.

  • Pari Passu Obligations The Guarantor shall ensure that its obligations hereunder at all times constitute direct, general obligations of the Guarantor ranking at least pari passu in right of payment with all other unsecured, unsubordinated Indebtedness (other than Indebtedness that is preferred by mandatory provisions of law) of the Guarantor.

  • Notes to Rank Pari Passu The Notes and all other obligations under this Agreement of the Company are and at all times shall remain direct and unsecured obligations of the Company ranking pari passu as against the assets of the Company with all other Notes from time to time issued and outstanding hereunder without any preference among themselves and pari passu with all other present and future unsecured Debt (actual or contingent) of the Company which is not expressed to be subordinate or junior in rank to any other unsecured Debt of the Company.

  • Notes Rank Pari Passu The obligations of the Company under this Agreement and the Notes rank pari passu in right of payment with all other senior unsecured Debt (actual or contingent) of the Company, including, without limitation, all senior unsecured Debt of the Company described in Schedule 5.15 hereto.

  • Pari Passu Its obligations under this Agreement rank pari passu with all of its other unsecured, unsubordinated obligations except those obligations preferred by operation of law."

  • Claims Pari Passu Each Obligor shall ensure that at all times the claims of the Finance Parties against it under the Finance Documents rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation or other similar laws of general application in its jurisdiction of incorporation.

  • Warrants to Rank Pari Passu All Warrants shall rank equally and without preference over each other, whatever may be the actual date of issue thereof.

  • Rights of the Trustee; Holders of Senior Indebtedness The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XV in respect of any Senior Indebtedness at any time held by it, to the same extent as any other holder of Senior Indebtedness, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article XV, and no implied covenants or obligations with respect to the holders of such Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of such Senior Indebtedness and, subject to the provisions of Article VI of this Indenture, the Trustee shall not be liable to any holder of such Senior Indebtedness if it shall pay over or deliver to Securityholders, the Company or any other Person money or assets to which any holder of such Senior Indebtedness shall be entitled by virtue of this Article XV or otherwise. Nothing in this Article XV shall apply to claims of, or payments to, the Trustee under or pursuant to Section 6.6.

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