Passu definition
Web“Permitted Additional Pari Passu Obligations” means any obligation under any Additional Notes or any other indebtedness (whether or not consisting of Additional Notes) not more than equally and ratably secured on a first-lien basis with the Notes by Liens on the Collateral (it being understood, for the avoidance of doubt, that Permitted Additional ... WebPari-Passu translates to “equal footing.” This term is used in several different financial scenarios in which assets are to be equally managed without preference. That means no …
Passu definition
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WebPari Passu Debt means any Funded Debt of either of the Issuers, whether outstanding on the Issue Date or thereafter created, incurred or assumed, unless, in the case of any particular Funded Debt, the instrument creating or evidencing the same or pursuant to which the same is outstanding expressly provides that such Funded Debt shall be … WebPari Passu. Describing securities or debts with equal claim on some right. A new issue of a security may be issued pari passu, which indicates that it carries the same rights as shares already issued. For example, common shares are all pari passu with respect to each other; this means that no one share has a prior claim to a dividend over any ...
Web1 other term for pan passu - words and phrases with similar meaning. Lists. synonyms. antonyms. definitions. sentences. thesaurus. WebMar 10, 2024 · Pari-passu is a Latin-derived term meaning “equal footing,” and is used in a wide range of legal agreements to refer to parties having equal rights. In the startup world, it refers to the preferences of preferred shareholders in a company.
WebThe meaning of PASSÉ is past one's prime. How to use passé in a sentence. Web[Latin, By an equal progress; equably; ratably; without preference.] Used especially to describe creditors who, in marshalling assets, are entitled to receive out of the same fund …
WebThe only Pari Passu Companion Loans related to the Trust as of the Closing Date are evidenced by the Notes identified in the Loan Combination Table under the column heading “Pari Passu Companion Loan(s),” each of which Notes evidences a separate Pari Passu Companion Loan. Non Pro Rata Loan is defined in Section 9.2 hereof.
WebDefinition: One who is an accessory to the crime cannot be guilty of a more serious crime than the principal offender Actus reus Definition: A guilty deed or act Ad hoc Definition: For this purpose Ad infinitum Definition: For ever, without limit, To infinity Alibi Definition: At another place, Elsewhere Aliunde seaweed bloom in atlanticWebPari-passu—Latin for “equal footing”—is a financing arrangement that gives multiple lenders equal claim to the assets used to secure a loan. If the borrower is unable to fulfil the payment terms, the assets can be sold, and each lender receives an equal share of the proceeds at the same time. pulmonary hypertension tricuspid valveWebPARI PASSU INTERCREDITOR AGREEMENT dated as of December 21, 2010 among MORGAN STANLEY SENIOR FUNDING, INC. as Administrative Agent for the Credit Agreement Secured Parties, Wilmington Trust FSB, as the 2024 Notes Collateral Agent, Wilmington Trust FSB, as the 2024 Notes Authorized Representative, and each … pulmonary hypertension therapyWebJun 30, 2024 · Pari-passu is a financial term meaning that all parties or assets involved in a contract will be treated equally. It often refers to loans or bonds, meaning that a specific … pulmonary hypertension type 3 icd 10WebPari passu is a Latin phrase lawyers use that means treating all parties the same for something. For example, when a company issues common stock the shareholders are pari passu to each other because none of them has more rights and obligations than the others. Pari passu is also used in other kinds of business transactions to describe how ... seaweed bloom locationWebAug 13, 2024 · passu ( slang, computing) password synonym Synonym: salasana Declension [ edit] Latin [ edit] Noun [ edit] passū ablative of passus (“step, pace”) … seaweed bloom to hit floridaWebAny Mortgage Loan that is part of a Cross-Collateralized Group. Pari Passu Obligations Serviced Whole Loan Controlling Holder Subordinated Prepayment Percentage Note A-5 Securitization Serviced Whole Loan pulmonary hypertension type 2 treatment