Pari Passu Indebtedness. Each Obligor shall ensure that its Indebtedness under the Finance Documents to which it is a party will rank at least pari passu with all its other unsubordinated and unsecured Indebtedness with the exception of that preferred by operation of law.
Appears in 3 contracts
Sources: Facilities Agreement (Texas Utilities Electric Co), Facilities Agreement (Txu Europe LTD), Revolving Credit Facility (Txu Europe LTD)