Common use of Pari Passu Status Clause in Contracts

Pari Passu Status. The Obligations of the Borrowers under this Agreement rank, and will rank, at least pari passu in right of payment with all unsecured, unsubordinated Indebtedness of the Borrowers.

Appears in 9 contracts

Samples: Revolving Credit Agreement (Freeport-McMoran Inc), Revolving Credit Agreement (Freeport-McMoran Inc), Revolving Credit Agreement (Freeport-McMoran Inc)

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Pari Passu Status. The Obligations obligations of the Borrowers Borrower under this Agreement rank, and will rank, at least pari passu in right priority of payment and in all other respects with all unsecured, unsubordinated unsecured Indebtedness of the BorrowersBorrower.

Appears in 8 contracts

Samples: Credit Agreement, Five Year Credit Agreement (Hp Inc), Credit Agreement (Nvidia Corp)

Pari Passu Status. The Obligations obligations of the Borrowers each Borrower under this Agreement rank, and will rank, at least pari passu in right priority of payment and in all other respects with all unsecured, unsubordinated unsecured senior Indebtedness of the Borrowerssuch Borrower.

Appears in 1 contract

Samples: Credit Agreement (Sungard Data Systems Inc)

Pari Passu Status. The Obligations obligations of the Borrowers each Borrower under this Agreement rank, and will rank, at least pari passu in right priority of payment and in all other respects with all unsecured, unsubordinated unsecured Indebtedness of the Borrowerssuch Borrower.

Appears in 1 contract

Samples: Three Year Credit Agreement (Sungard Data Systems Inc)

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Pari Passu Status. The Obligations of the Borrowers Borrower under this Agreement rank, and will rank, rank at least pari passu in right of payment with all unsecuredof its other senior unsecured Indebtedness, unsubordinated Indebtedness whether now existing or hereafter outstanding, except for obligations accorded preference by mandatory provisions of the Borrowerslaw.

Appears in 1 contract

Samples: Loan Agreement (Tim S.A.)

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