Pari Passu. Each Obligor shall ensure that its obligations under the Finance Documents rank at all times at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.
Appears in 21 contracts
Samples: Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA)
Pari Passu. Each Obligor shall ensure that its obligations obligations, (whether actual or contingent), under the Finance Documents rank at all times at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law laws applying to companies generally.
Appears in 9 contracts
Samples: Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC), Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC), Debt Bridge Facility Agreement (Xstrata PLC)
Pari Passu. Each Obligor shall ensure that its payment obligations under the Finance Documents rank at all times time at least pari passu in right of priority and payment with the claims of all of its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.
Appears in 7 contracts
Samples: Syndicated Loan Agreement (Hillenbrand, Inc.), Syndicated L/G Facility Agreement (Hillenbrand, Inc.), Syndicated Loan Agreement (Hillenbrand, Inc.)
Pari Passu. Each Obligor The Borrower shall ensure that its obligations under the Finance Documents rank at all times at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.
Appears in 5 contracts
Samples: Facility Agreement, Facility Agreement (Cordlife Group LTD), Senior Term Facility Agreement (SemGroup Corp)
Pari Passu. Each Obligor shall ensure that its payment obligations under the Finance Documents rank at all times at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.
Appears in 4 contracts
Samples: Multicurrency Revolving Credit and Guarantee Facility Agreement (Subsea 7 S.A.), Multicurrency Guarantee Facility Agreement (Acergy S.A.), Facility Agreement (Cookson Group PLC)
Pari Passu. Each Obligor The Company shall ensure that its obligations under the Finance Documents rank at all times at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.
Appears in 3 contracts
Samples: Letter of Credit Facility Agreement (Axis Capital Holdings LTD), Facility Agreement (Nordic Telephone CO ApS), Facility Agreement (Nordic Telephone CO ApS)
Pari Passu. Each Obligor shall ensure that its obligations under the Senior Finance Documents rank at all times at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generallygenerally and except as expressly provided for in the Intercreditor Agreement.
Appears in 2 contracts
Samples: Senior Facility Agreement (Inmarsat Launch CO LTD), Senior Facility Agreement (Inmarsat Holdings LTD)
Pari Passu. Each Obligor shall It will ensure that its obligations under the Finance Documents will rank at all times at least pari passu in right of priority and payment with the claims of all its other unsecured existing or future indebtedness, obligations and unsubordinated creditors, except for obligations mandatorily preferred liabilities actual or contingent from time to time (save those as by law applying to companies generallyrank as preferential in a winding-up).
Appears in 2 contracts
Samples: Facility Agreement (Pangaea Logistics Solutions Ltd.), Facility Agreement (Quartet Holdco Ltd.)
Pari Passu. Each Obligor shall ensure that its obligations under the Finance Documents rank at all times at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.
Appears in 2 contracts
Samples: Facility Agreement (China Shandong Industries, Inc.), Facility Agreement (Far East Energy Corp)
Pari Passu. Each Obligor shall ensure that its obligations under the Finance Documents to which it is a party rank at all times at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.
Appears in 1 contract
Pari Passu. Each Obligor shall ensure that its payment obligations under the Finance Documents rank at all times time at least pari passu in right of priority and payment with the claims of all of its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.. |EU-DOCS\29723125.9||
Appears in 1 contract
Pari Passu. Each Obligor shall must ensure that its payment obligations under the Finance Documents rank will at all times rank at least pari passu in right of priority and payment with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.
Appears in 1 contract
