Common use of Pari Passu Clause in Contracts

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."

Appears in 82 contracts

Sources: Isda Master Agreement (Caterpillar Financial Funding Corp), Isda Master Agreement (Caterpillar Financial Funding Corp), Isda Master Agreement (Granite Mortgages 03-3 PLC)

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."

Appears in 28 contracts

Sources: Isda Master Agreement, Covered Bond Swap Schedule, Isda Master Agreement

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

Appears in 16 contracts

Sources: Master Agreement (J.P. Morgan Mortgage Acquisition Trust 2007-Ch3), Master Agreement (J.P. Morgan Alternative Loan Trust 2007-A1), Isda Master Agreement (C-Bass 2007-Cb1 Trust)

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."

Appears in 9 contracts

Sources: Isda Master Agreement (Caterpillar Financial Funding Corp), Isda Master Agreement (NovaStar Certificates Financing CORP), Isda Master Agreement (NovaStar Certificates Financing CORP)

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

Appears in 7 contracts

Sources: Currency Swap Transaction, Isda Master Agreement, Isda Schedule

Pari Passu. Its obligations under this Agreement rank at least pari passu with all of its other unsecured, unsubordinated obligations except those obligations preferred by operation of law." (iii) Section 3(a)(v) shall be amended by the addition of the words "with the exception of the payment of Stamp Tax as provided for in Section 11" after the words "this Agreement".

Appears in 3 contracts

Sources: Isda Master Agreement, Isda Master Agreement, Isda Master Agreement

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."’’

Appears in 2 contracts

Sources: Master Agreement (Turquoise Funding I LTD), Master Agreement (Turquoise Funding I LTD)

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."" 148

Appears in 1 contract

Sources: Novation Agreement (Permanent Master Issuer PLC)

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

Appears in 1 contract

Sources: Initial Basis Hedge Agreement