Common use of Ranking of Obligations Clause in Contracts

Ranking of Obligations. Its payment obligations under this Agreement rank and will at all times rank at least equally and rateably in all respects with all its other unsecured and unsubordinated Indebtedness except for such unsecured Indebtedness as would, by virtue only of the operation of law, be preferred.

Ranking of Obligations. Its its payment obligations under this Agreement rank and will at all times rank at least equally and rateably in all respects with all its other unsecured and unsubordinated Indebtedness indebtedness except for such unsecured Indebtedness indebtedness as would, by virtue only of the operation of lawlaws in force, be preferred.preferred in the event of its winding up;

Ranking of Obligations. Its payment obligations under this Agreement rank and will at all times rank at least equally and rateably in all respects with all its other unsecured and unsubordinated Indebtedness except for such unsecured Indebtedness as would, by virtue only of the operation of law, be preferredprovided in Clause 2.5 (Subordination).

Ranking of Obligations. Its its payment obligations under this Agreement rank and will at all times rank at least equally and rateably in all respects with all its other unsecured and unsubordinated Indebtedness indebtedness except for such unsecured Indebtedness indebtedness as would, by virtue only of the operation of lawlaws in force, be preferred.preferred in the event of its winding-up;

Ranking of Obligations. Its its payment obligations under this Agreement and each Finance Document to which it is a party, rank and will at all times rank at least equally and rateably in all respects with all its other unsecured and unsubordinated Indebtedness except for such unsecured Indebtedness as would, by virtue only of the operation of lawApplicable Law, be preferred.;

Ranking of Obligations. Its payment obligations under this Agreement rank and will at all times rank at least equally and rateably in all respects with all its other unsecured and unsubordinated Indebtedness except for such unsecured Indebtedness as would, by virtue only of the operation of law, be preferred.

Ranking of Obligations. Its The payment of obligations of each Obligor under this Agreement rank and will at all times rank at least equally and rateably rateable in all respects with all its other unsecured and unsubordinated Indebtedness except for such unsecured Indebtedness as would, would be mandatorily preferred by virtue only of the operation of law, be preferred.

Ranking of Obligations. Its The payment obligations under this Agreement rank and will at all times rank at least equally and rateably in all respects with all its the Borrower’s other unsecured and unsubordinated Indebtedness except for other than such unsecured Indebtedness as would, by virtue only of the operation of law, be preferredpreferred in the event of its Winding-up.