Common use of RANK OF GUARANTY Clause in Contracts

RANK OF GUARANTY. Each Subsidiary Guarantor will ensure that its payment obligations under this Subsidiary Guaranty Agreement will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of such Subsidiary Guarantor now or hereafter existing.

Appears in 13 contracts

Samples: Subsidiary Guaranty Agreement (Littelfuse Inc /De), Subsidiary Guaranty Agreement (Littelfuse Inc /De), Subsidiary Guaranty Agreement (Paychex Inc)

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RANK OF GUARANTY. Each Subsidiary The Guarantor will ensure that its payment obligations under this Subsidiary Guaranty Agreement will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of such Subsidiary the Guarantor now or hereafter existing; it being agreed that the presence or absence of security or collateral for an obligation shall not affect its ranking.

Appears in 4 contracts

Samples: Guaranty Agreement (Caseys General Stores Inc), Guaranty Agreement (Caseys General Stores Inc), Guaranty Agreement (Caseys General Stores Inc)

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RANK OF GUARANTY. Each Subsidiary [Each][The] Guarantor will ensure that its payment obligations under this Subsidiary Guaranty Agreement will at all times rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of such Subsidiary Guarantor now or hereafter existing. SECTION 8.

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Laclede Gas Co)

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