Common use of Ranking of Loan Clause in Contracts

Ranking of Loan. The obligations of the Borrower hereunder rank and will rank at least pari passu in priority of payment and in all other respect with all unsecured and unsubordinated indebtedness of the Borrower other than as preferred by applicable statute.

Ranking of Loan. The the payment obligations of the Borrower hereunder rank and will rank be ranked by the Borrower at least pari passu in priority of payment and in with all other respect with all unsecured and unsubordinated indebtedness of the Borrower other than as preferred by applicable statute.Borrower;

Ranking of Loan. The Borrower’s obligations of the Borrower hereunder under this Agreement rank and will rank at least pari passu in priority of payment and in all other respect respects with all other unsecured indebtedness and unsubordinated indebtedness obligations of the Borrower other than except as may be preferred by applicable statuteoperation of law.