Pari Passu Status. The Obligations rank at least pari passu in right of payment with each Loan Party’s present and future unsecured, unsubordinated payment obligations, except for obligations mandatorily preferred by law applying to companies generally in its jurisdiction of incorporation or any other jurisdiction where it carries on business.
Appears in 4 contracts
Samples: Credit Agreement (Springleaf Finance Corp), Credit Agreement (Springleaf Finance Inc), Credit Agreement (American General Finance Inc)