Common use of Status of the Notes Clause in Contracts

Status of the Notes. the Notes constitute direct obligations of the Issuer which will at all times rank pari passu among themselves and at least pari passu with all other present and future unsecured obligations of the Issuer, save for such obligations as may be preferred by provisions of law that are both mandatory and of general application;

Appears in 2 contracts

Samples: Master Dealer Agreement, Master Dealer Agreement

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Status of the Notes. the Notes constitute direct direct, general and unconditional obligations of the Issuer which will at all times rank pari passu among themselves and at least pari passu with all other present and future unsecured obligations of the Issuer, save for such obligations as may be preferred by provisions of law that are both mandatory and of general application;

Appears in 2 contracts

Samples: Dealer Agreement, Dealer Agreement (Philip Morris International Inc.)

Status of the Notes. the The Notes constitute direct direct, general and unconditional obligations of the Issuer which will at all times rank pari passu among themselves and at least pari passu with all other present and future unsecured obligations of the Issuer, save for such obligations as may be preferred by mandatory provisions of law that are both mandatory (and of general application;subject to Condition 4(a) (Negative pledge)).

Appears in 1 contract

Samples: Trust Deed

Status of the Notes. the Notes will constitute direct direct, general, unconditional and, subject to Condition 4, unsecured obligations of the Issuer which will at all times (i) rank pari passu among themselves and (ii) at least pari passu with all other present and future unsecured obligations of the Issuer, save for such obligations as may be preferred by provisions of law that are both mandatory and of general application;

Appears in 1 contract

Samples: Subscription Agreement

Status of the Notes. the The Notes constitute direct direct, general and unconditional obligations of the relevant Issuer which will at all times rank pari passu among themselves and at least pari passu with all other present and future unsecured obligations of the such Issuer, save for such obligations as may be preferred by provisions of law that are both mandatory and of general application;.

Appears in 1 contract

Samples: Trust Deed (Upm Kymmene Corp)

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Status of the Notes. the The Notes constitute direct direct, general and unconditional obligations of the Issuer which will at all times rank pari passu among themselves and at least pari passu with all other present and future unsecured obligations of the Issuer, save for such obligations as which may be preferred by provisions of law that are both mandatory and of general application;.

Appears in 1 contract

Samples: Senior Notes Offering

Status of the Notes. the The Notes constitute direct direct, general and unconditional obligations of the Issuer which will at all times rank pari passu among themselves and at least pari passu with all other present and future unsecured obligations of the Issuer, save for such obligations as which may be preferred by provisions of law that are both mandatory and of general application;application (and subject to Condition 4 (Negative Pledge)).

Appears in 1 contract

Samples: Trust Deed

Status of the Notes. the The Notes constitute direct unsubordinated senior obligations of the Issuer which will and shall at all times rank pari passu and without any preference among themselves and themselves. Subject to these Conditions, the Issuer shall ensure that at all times the claims of the Noteholders against it under the Notes rank in right of payment at least pari passu with the claims of all its other present unsecured and future unsecured obligations of the Issuer, unsubordinated creditors save for such obligations as may be those whose claims are preferred by provisions any mandatory operation of law that are both mandatory and of general application;law.

Appears in 1 contract

Samples: Trust Deed (VEON Ltd.)

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