Common use of Ranking of Obligations Clause in Contracts

Ranking of Obligations. The Company’s payment obligations with respect to the Letters of Credit and the payment obligations of the Subsidiary Guarantors under the Subsidiary Guarantee Agreement rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of such Obligor, as the case may be.

Ranking of Obligations. The Company’s payment obligations with respect to under the Letters of Credit Notes when issued and the payment obligations of the Subsidiary Guarantors under the Subsidiary Guarantee Agreement rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of such Obligor, as the case may be.

Ranking of Obligations. The Company’s payment obligations with respect to the Letters of Credit and the payment obligations of the Subsidiary Guarantors under the Subsidiary Guarantee Agreement rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of such Obligor, as the case may be., except for obligations mandatorily preferred by any applicable law applying to companies generally. UTi Worldwide Inc. Letter of Credit Agreement

Ranking of Obligations. The Company’s payment obligations with respect to the Letters of Credit and Cash Draw Facility Loans and the payment obligations of the Subsidiary Guarantors under the Subsidiary Guarantee Agreement rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of such Obligor, as the case may be.

Ranking of Obligations. The Company’s payment obligations with respect to the Letters of Credit and the payment obligations of the Subsidiary Guarantors under the Subsidiary Guarantee Agreement rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of such Obligor, as the case may be, except for obligations mandatorily preferred by any applicable law applying to companies generally.

Ranking of Obligations. The Company’s 's payment obligations with respect to under the Letters of Credit Notes when issued and the payment obligations of the Subsidiary Guarantors under the Subsidiary Guarantee Agreement rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of such Obligor, as the case may be, except for obligations mandatorily preferred by law applying to companies generally.

Ranking of Obligations. The Company’s payment obligations with respect to under the Letters of Credit Notes when issued and the payment obligations of the Subsidiary Guarantors under the Subsidiary Guarantee Agreement rank at least pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of such Obligor, as the case may be, except for obligations mandatorily preferred by law applying to companies generally.