Common use of Pari Passu Status Clause in Contracts

Pari Passu Status. Each Loan Party will ensure the claims and rights of the Lenders against it under this Agreement and each other Loan Document will not be subordinate to, and will rank at all times at least pari passu with, all other unsecured Debt of such Loan Party.

Appears in 6 contracts

Samples: Revolving Credit Agreement (ONEOK Partners LP), 364 Day Credit Agreement (Northern Border Partners Lp), Revolving Credit Agreement (Northern Border Partners Lp)

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Pari Passu Status. Each Loan Party will ensure the claims and rights of the Lenders against it under this Agreement and each other Loan Document will not be subordinate to, and will rank at all times at least pari passu with, all other unsecured Debt of such Loan Party.

Appears in 1 contract

Samples: Revolving Credit Agreement (Northern Border Partners Lp)

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Pari Passu Status. Each Loan Party will ensure the claims and rights of the Lenders against it under this Agreement and each other Loan Document will not be subordinate to, and will rank at all times at least pari passu with, all other unsecured Debt Indebtedness of such Loan Party.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Northern Border Partners Lp)

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