Common use of Ranking of Loans Clause in Contracts

Ranking of Loans. The Loans and all other claims of the Secured Parties against the Borrower under the Loan Documents constitute direct, unconditional, unsubordinated and secured obligations of the Borrowers and rank at least pari passu in right of payment with all other Indebtedness of the Borrower and:

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement (Equinix Inc)

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Ranking of Loans. The (a) Ensure that at all times the Loans and all other claims of the Secured Parties against the Borrower under the Loan Documents constitute direct, unconditional, unsubordinated and secured obligations of the Borrowers and rank at least pari passu in right of payment with all other Indebtedness of the Borrower Borrowers and:

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement (Equinix Inc)

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