pari passu


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Related to pari passu: mutatis mutandis

pa·ri pas·su

 (păr′ē păs′o͞o, păr′ī, pär′ē)
adv.
At an equal pace; side by side: inflation and interest rates increasing pari passu.

[Latin parī passū : parī, ablative of pār, equal + passū, ablative of passus, step.]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

pari passu

(ˌpærɪ ˈpæsuː; ˈpɑːrɪ)
adv
(Law) usually law with equal speed or progress; equably: often used to refer to the right of creditors to receive assets from the same source without one taking precedence
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

pari passu

A Latin phrase meaning equal step, used to mean with equal speed.
Dictionary of Unfamiliar Words by Diagram Group Copyright © 2008 by Diagram Visual Information Limited
ThesaurusAntonymsRelated WordsSynonymsLegend:
Adv.1.pari passu - used in legal language
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations

pari passu

[ˈpærɪˈpæsuː] ADVa ritmo parecido, al igual
pari passu witha ritmo parecido al de, al igual que
Collins Spanish Dictionary - Complete and Unabridged 8th Edition 2005 © William Collins Sons & Co. Ltd. 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005

pari passu

Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007
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References in classic literature ?
No; pari passu with Solander, who bought his knowledge with pain and privations!"
The payment obligations will rank pari passu with the claims of other unsecured creditors.
The outstanding stock of senior unsecured debt issued prior to 21 July 2018 that is not considered by the German regulators to contain complex embedded derivatives ranks pari passu with senior non-preferred debt (and thus junior to the new senior preferred debt) issued under the new regime.
Gray Television announced that it is proposing, subject to market and other conditions, to replace its existing priority revolving credit facility with a new pari passu five-year revolving credit facility, amend its current term loan, and incur up to $2.15B of additional term loans under its senior credit facility.
We seek purchase on this question with u study of the pari passu clause, a standard provision in sovereign debt contracts that almost no one seems to understand.
that Venezuela utilize the pari passu provisions included in
The rating assigned to the PPTFC takes into account the security structure of the instrument whereby partial cash coverage of up to Rs 300 million (equivalent to 10 % of the issue size) is available throughout the instrument tenor along with first pari passu charge of present and future current assets of the bank with a 25 % margin.
They will rank pari passu among themselves and at least pari passu with all other present and future unsecured and unsubordinated obligations of the issuer.
The bonds will at all times rank pari passu among themselves and at least
PARI PASSU CLUB N NORTHBROOK COVENTRY PARI PASSU N NORTHBROOK Why stop there?
Griesa accepted an interpretation of the 'pari passu' clause included in many bonds that NML's parent company, Elliott Associates, used to disrupt a Peruvian debt exchange in 2000.