Common use of Pari Passu Clause in Contracts

Pari Passu. the obligations of the Borrower under this Agreement are direct, general and unconditional obligations of the Borrower and rank at least pari passu with all present and future unsubordinated Indebtedness of the Borrower except for obligations which are mandatorily preferred by operation of law and not by contract;

Pari Passu. the obligations of the each Borrower under this Agreement are direct, general and unconditional obligations of the such Borrower and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the such Borrower except for obligations which are mandatorily preferred by operation of law and not by contract;

Pari Passu. the obligations of the Borrower under this Agreement are direct, general and unconditional obligations of the Borrower and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the Borrower except for with the exception of any obligations which are mandatorily preferred by operation of law and not by contract;

Pari Passu. the obligations of the Borrower under this Agreement are direct, general and unconditional obligations of the Borrower and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the Borrower except for obligations which are mandatorily preferred by operation of law and not by contract;

Pari Passu. the obligations of the Borrower under this Agreement and the Master Agreements are direct, general and unconditional obligations of the Borrower and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the Borrower except for obligations which are mandatorily preferred by operation of law and not by contract;

Pari Passu. the obligations of the Borrower under this Agreement are direct, general and unconditional obligations of the Borrower and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the Borrower except for obligations which are mandatorily preferred by operation of law and not by contract;

Pari Passu. the obligations of the Borrower under this Agreement are direct, general and unconditional obligations of the Borrower and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the Borrower except for obligations which are mandatorily preferred by operation of law and not by contractBorrower;

Pari Passu. the obligations of the Borrower under this Agreement and the Master Agreement are direct, general and unconditional obligations of the Borrower and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the Borrower except for obligations which are mandatorily preferred by operation of law and not by contract;

Pari Passu. the obligations of the Borrower under this Agreement are direct, general and unconditional obligations of the Borrower and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the Borrower except for (with the exception of any obligations which are mandatorily preferred by operation of law and not by contract);

Pari Passu. the obligations of the Borrower under this Agreement and the Master Agreement are direct, general and unconditional obligations of the Borrower and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the Borrower except for obligations which are mandatorily preferred by operation of law and not by contract;

Pari Passu. the obligations of the each Borrower under this Agreement are direct, general and unconditional obligations of the such Borrower and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the such Borrower except for obligations which are mandatorily mandatory preferred by operation of law and not by contract;

Pari Passu. the Borrower’s obligations of the Borrower under this Agreement are and will constitute direct, general unsecured, unconditional and unconditional unsubordinated obligations of the Borrower and are and will rank at all times pari passu without any preference or priority among themselves and at least pari passu with all present its other existing and future unsubordinated Indebtedness of the Borrower except and unsecured indebtedness, obligations and liabilities actual or contingent from time to time (save for obligations those which are mandatorily preferred by the mandatory operation of law and not by contractlaw);

Pari Passu. the obligations of the Borrower Borrowers under this Agreement are direct, general and unconditional obligations of the Borrower Borrowers and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the Borrower Borrowers except for obligations which are mandatorily preferred by operation of law and not by contract;

Pari Passu. the obligations of the Borrower under this Agreement and the other Security Documents are direct, general and unconditional obligations of the Borrower and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the Borrower except for obligations which are mandatorily preferred by operation of law and not by contract;

Pari Passu. the The obligations and liabilities of the Borrower under this Agreement are direct, the unconditional and general and unconditional obligations of the Borrower and shall rank at least pari passu with all other present or future unsecured and future unsubordinated Indebtedness (both actual and contingent) of the Borrower except for obligations which are mandatorily preferred by operation of law and not by contract;Borrower.

Pari Passu. the The obligations of the Borrower under this Agreement ------------ or the Promissory Note are direct, unconditional and general and unconditional obligations of the Borrower Borrower, which do and will rank until paid at least pari passu with to all present and future unsubordinated other ---------- unsecured Indebtedness of the Borrower except for obligations which are mandatorily preferred by operation of law and not by contract;Borrower.

Pari Passu. the obligations of the each Borrower under this Agreement are direct, general and unconditional obligations of the such Borrower and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of such Borrower with the Borrower except for exception of any obligations which are mandatorily preferred by operation of law and not by contract;

Pari Passu. the obligations of the Borrower Borrowers under this Agreement are direct, general and unconditional obligations of the Borrower Borrowers and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the Borrower Borrowers except for obligations which are mandatorily preferred by operation of law and not by contract;

Pari Passu. the obligations of each Borrower and the Borrower Guarantor under this Agreement are direct, general and unconditional obligations of each Borrower and the Borrower Guarantor and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of each Borrower and the Borrower except for obligations which are mandatorily preferred by operation of law and not by contractGuarantor, respectively;

Pari Passu. the obligations of the Borrower under this Agreement are direct, general and unconditional obligations of the Borrower and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the Borrower except for obligations which are mandatorily rnandatorily preferred by operation of law and not by contract;