pari passu

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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 ?

(16) But preliminary evidence from other markets where standard form contracts are ubiquitous suggests that the pari passu saga is representative of a larger phenomenon, extending beyond sovereign bond contracts to other contexts where boilerplate is commonly used, including insurance and merger and acquisition agreements.

THE BLACK HOLE PROBLEM IN COMMERCIAL BOILERPLATE

litigation interpreted pari passu as protecting creditors from both

RESTRUCTURING VENEZUELA'S DEBT USING PARI PASSU

* $250 million (pari passu note), Bush Terminal, New York City industrial;

Fitch: amid record high, new issuance may temper U.S. CMBS delinquencies

Fujitsu Limited Twenty-Sixth Series Unsecured Straight Bonds (with inter-bond pari passu clause) 1.

Fujitsu Issues Unsecured Straight Bonds

history of sovereign debt is the pari passu clause.

Contract as statute

It laid out that unsecured creditors would, pari passu, get the benefit of all of TBI's assets.

In an insolvency proceeding involving unsecured American judgment creditors who were not party to company voluntary arrangement (CVA) made by English creditors, English Court of Appeal (Civil Division) dismisses appeal by American creditors from pari passu arrangement with CVA creditors because it would be more beneficial to Americans than winding up corporation

AHTrans will provide an unconditional and irrevocable guarantee on the proposed notes, which will constitute its direct, unsubordinated, unconditional and unsecured obligations and rank pari passu with all its other present and future unsecured and unsubordinated obligations.

Fitch Ratings assigns Anhui Transportation Holding Group Company notes 'BBB+(EXP)'

The new Ordinary Shares are expected to rank pari passu with existing Ordinary Shares of the bank.

HSBC Holdings applies to FCA and LSE for block listing of ordinary shares

Summary: The CP and CDs will rank at least pari passu with all present and future unsecured and unsubordinated obligations of BOC Tokyo Branch.

Moody's assigns P-1 to Bank of China's CP and CD Programme

The ICPs, which will be redeemed at their full nominal value on maturity, are unsecured obligations of the Company, ranking pari passu among themselves and with all other existing unsecured obligations of the Company.