Common use of Priority of Obligations Clause in Contracts

Priority of Obligations. The payment obligations of the Borrower under this Agreement and the Loans will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of the Borrower.

Priority of Obligations. The Borrower shall ensure that its payment obligations of the Borrower under this Agreement and the Loans will at all times rank at least pari passu, without preference or priority, with all of its other unsecured and unsubordinated Indebtedness of the BorrowerIndebtedness.

Priority of Obligations. The Borrower will ensure that its payment obligations of the Borrower under this Agreement and the Loans will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness Debt of the Borrower, except for any such Debt preferred by operation of law.

Priority of Obligations. The payment obligations of the Borrower under this Agreement and the Loans will at all times Loan Documents rank at least pari passu, without preference or priority, passu with all other unsecured secured and unsubordinated Indebtedness indebtedness of the Borrower.