die Jungs haben gelernt.....knackige pari passu clause // im Zeitpunkt des Entwurfs der boilerplate waren die Konsequenzen der pari passu Klagen vs ARGY bereits erkennbar

11.5 Pari Passu Obligations
The obligations of the Borrower under this Agreement will rank at least pari passu in right of
payment with all other unsecured and unsubordinated obligations of the Borrower, except as
otherwise provided by mandatory provisions of applicable law.