Common use of Ranking of Guarantee Clause in Contracts

Ranking of Guarantee. Notwithstanding anything to the contrary in this Guarantee, the obligations of the Guarantor hereunder are subordinate to all Senior Guarantor Obligations and rank pari passu with all Pari Passu Guarantor Obligations on a pro rata basis.

Appears in 5 contracts

Samples: Guarantee Indenture (Brookfield Infrastructure Corp), Guarantee Indenture (Brookfield Infrastructure Corp), Guarantee Indenture (Brookfield Infrastructure Partners L.P.)

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Ranking of Guarantee. Notwithstanding anything to the contrary in this Guarantee, the obligations of the each Guarantor hereunder are subordinate to all Senior Guarantor Obligations of such Guarantor and rank pari passu with all Pari Passu Guarantor Obligations of such Guarantor on a pro rata basis.

Appears in 1 contract

Samples: Guarantee Indenture (Brookfield Infrastructure Partners L.P.)

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