Common use of Status of the Notes Clause in Contracts

Status of the Notes. The Notes and any relative Coupons constitute direct, unconditional, unsecured and unsubordinated obligations of the Issuer and rank pari passu with all other present or future unsecured and unsubordinated obligations of the Issuer and without any preference among themselves, except for such preferences as are provided by any mandatory applicable provision of law.

Status of the Notes. The Notes and any relative Coupons constitute are direct, unconditional, unsubordinated and (subject to the provisions of Condition 4) unsecured obligations of the Issuer and (subject as provided above) rank and will rank pari passu, without any preference among themselves, with all other outstanding unsecured and unsubordinated obligations of the Issuer present and rank pari passu with all other present or future unsecured and unsubordinated obligations future, but, in the event of insolvency, only to the Issuer and without any preference among themselves, except for such preferences as are provided extent permitted by any mandatory applicable provision of lawlaws relating to creditors' rights.

Status of the Notes. The Notes and any relative the Coupons constitute direct, unconditionalunconditional and (subject to the provisions of Condition 4(1)) unsecured obligations of the Issuer and (subject as provided above) rank and will rank pari passu, without any preference among themselves, with all other outstanding unsecured and unsubordinated obligations of the Issuer Issuer, present and rank pari passu with all other present or future unsecured and unsubordinated obligations of the Issuer and without any preference among themselvesfuture, except save for such preferences obligations as are provided may be preferred by any mandatory provisions of applicable provision of law.