pari passu

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pari passu

[per′ē pas′o̅o̅]
Etymology: L, par, equal, passus, step
at the same time or in equal proportions.

pari passu

(păr′ē-păs′ū) [L., with equal speed]
Occurring at the same time or at the same rate; side by side.
References in periodicals archive ?
The whole loan is divided into four, pari-passu A-notes, of which only the A-4 note has been included in this transaction.
The debt issue ranks pari-passu with other subordinated liabilities of OM plc and will be issued under the company's existing Global Note Programme.
ConocoPhillips and ConocoPhillips Company will guarantee the debt and it will be pari-passu with CP issued by ConocoPhillips.
Only the A-1 note is included in the trust; the pari-passu A-2 and A-3 notes, totaling $234 million, and a subordinate $30 million B-note are located outside the trust.
3 million, of which two of the four pari-passu notes totaling $61.