Subscription Receipts to Rank Pari Passu Sample Clauses
The 'Subscription Receipts to Rank Pari Passu' clause establishes that all subscription receipts issued under an agreement will have equal ranking and status with respect to rights and claims. In practice, this means that no subscription receipt will have priority over another in terms of entitlement to assets, distributions, or proceeds, regardless of when or to whom they were issued. This clause ensures fairness among holders by preventing preferential treatment and clarifies that all investors are on equal footing, thereby reducing disputes and promoting transparency in the allocation of rights.
Subscription Receipts to Rank Pari Passu. All Subscription Receipts shall rank pari passu, whatever may be the actual date of issue of same.
Subscription Receipts to Rank Pari Passu. Each Subscription Receipt shall rank equally in accordance with its terms with all other Subscription Receipts issued or to be issued hereunder, whatever may be the actual date of issue of same.
Subscription Receipts to Rank Pari Passu. Each Subscription Receipt shall rank pari passu with respect to all other issued and outstanding Subscription Receipts, regardless of their actual date of issue.
Subscription Receipts to Rank Pari Passu. All Subscription Receipts shall rank PARI PASSU, whatever may be the actual date of issue of same.
Subscription Receipts to Rank Pari Passu. All Subscription Receipts will rank pari passu, with all other Subscription Receipts whatever may be the actual date of issue of the Subscription Receipt Certificates that evidence same.