Ranking. The Borrower shall ensure that its payment obligations under this Agreement rank, and will rank, not less than pari passu in right of payment with all other present and future unsecured and unsubordinated obligations under any of its Debt Instruments. In particular, the Borrower shall not make (or authorise) any payment in respect of any other such Debt Instrument (whether regularly scheduled or otherwise) if: (i) the CEB makes a demand of early reimbursement under Article 3.3 (Early reimbursement of disbursed loans) of the Loan Regulations; or (ii) an event or potential event of default under any unsecured and unsubordinated Debt Instrument of the Borrower or any of its agencies or instrumentalities has occurred and is continuing. However, payment in respect of such Debt Instrument is possible if the Borrower:
Appears in 6 contracts
Samples: Okvirni Sporazum O Zajmu, Okvirni Sporazum O Zajmu, Okvirni Sporazum O Zajmu
