Common use of Pari Passu Status Clause in Contracts

Pari Passu Status. The Loans and other obligations of the Borrower to the Banks and Issuing Banks under the Loan Documents will at all times rank at least pari passu in priority of payment with all of the Borrower's other unsecured indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (Xcel Energy Inc), 364 Day Credit Agreement (Xcel Energy Inc)

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Pari Passu Status. The Loans and other obligations of the Borrower to the Banks and Issuing Banks Lenders under the Loan Documents will at all times rank at least pari passu in priority of payment with all of the Borrower's other unsecured indebtednessIndebtedness.

Appears in 2 contracts

Samples: Secured Credit Agreement (Frontier Airlines Inc /Co/), Secured Credit Agreement (Frontier Airlines Inc /Co/)

Pari Passu Status. The Loans and other obligations of the Borrower to the Banks and Issuing Banks under the Loan Documents will at all times rank at least pari passu in priority of payment with all of the Borrower's other unsecured indebtednessIndebtedness.

Appears in 2 contracts

Samples: Credit Agreement (Reinsurance Group of America Inc), Credit Agreement (Reinsurance Group of America Inc)

Pari Passu Status. The Loans and other obligations Obligations of the Borrower Borrowers to the Banks and Issuing Banks under the Loan Documents will at all times rank at least pari passu in priority of payment with all of the Borrower's Borrowers' other unsecured indebtednessIndebtedness.

Appears in 1 contract

Samples: Credit Agreement (Hvide Marine Inc)

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Pari Passu Status. The Loans and other obligations of the Borrower to the Banks and Issuing Banks under the Loan Documents will at all times rank at least pari passu Passu in priority of payment with all of the Borrower's other unsecured indebtednessIndebtedness.

Appears in 1 contract

Samples: Credit Agreement (Lechters Inc)

Pari Passu Status. The Loans Loans, Drawings, Unreimbursed Letter of Credit Obligations and other obligations of the Borrower to the Banks and the Issuing Banks Bank under the Loan Documents will at all times rank at least pari passu in priority of payment with all of the Borrower's other unsecured indebtednessIndebtedness.

Appears in 1 contract

Samples: Revolving Credit Facility (Trigen Energy Corp)

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