Status of Guarantee. The Guarantee constitutes a direct, unconditional, (subject to Condition 4) unsecured and unsubordinated obligation of the Guarantor ranking pari passu with all other present or future (subject as aforesaid) unsecured and unsubordinated obligations of the Guarantor (other than obligations which are preferred by bankruptcy, liquidation or other similar laws of general application).
Appears in 3 contracts
Sources: Agency Agreement, Agency Agreement, Agency Agreement
Status of Guarantee. The Guarantee constitutes a direct, unconditional, (subject to Condition 43) unsecured and unsubordinated obligation of the Guarantor ranking pari passu with all other present or and future (subject as aforesaid) unsecured and unsubordinated obligations of the Guarantor (other than obligations which are preferred by bankruptcy, liquidation or other similar laws of general application).
Appears in 1 contract
Sources: Fiscal Agency Agreement