pari passu


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Related to pari passu: mutatis mutandis

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.
litigation interpreted pari passu as protecting creditors from both
* $250 million (pari passu note), Bush Terminal, New York City industrial;
Fujitsu Limited Twenty-Sixth Series Unsecured Straight Bonds (with inter-bond pari passu clause) 1.
history of sovereign debt is the pari passu clause.
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.
These shares are pari passu with the current equity shares of the Company, in all respects.
The new Ordinary Shares are expected to rank pari passu with existing Ordinary Shares of the bank.
Summary: The CP and CDs will rank at least pari passu with all present and future unsecured and unsubordinated obligations of BOC Tokyo Branch.
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.
Each new common share will rank pari passu with the present common shares.