Status of Bonds. The full faith and credit of the Central People’s Government of the People’s Republic of China (the “Central People’s Government”) is pledged for the due and punctual payment of the Bonds and for the due and timely performance of all obligations of the Central People’s Government with respect thereto. The Bonds are the direct, unconditional and unsecured obligations of the Central People’s Government and rank and will rank pari passu, without preference among themselves, with all other unsecured Public Indebtedness of the Central People’s Government, from time to time outstanding, provided further, that the Central People’s Government shall have no obligation to effect equal or rateable payment(s) at any time with respect to any such other Public Indebtedness and, in particular, shall have no obligation to pay other Public Indebtedness at the same time or as a condition of paying sums due on the Bonds and vice versa. In this Condition:
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Samples: Securities and Futures, www1.hkexnews.hk, www1.hkexnews.hk
