PCG » Topics » pari passu

This excerpt taken from the PCG 8-K filed Oct 28, 2005.
pari passu with the Utility’s other unsecured debt.  Under the indenture for the Senior Notes, the Utility has agreed that it will not incur secured debt (except for (1) debt secured by specified liens, and (2) secured debt in an amount not exceeding 10% of the Utility’s net tangible assets, as defined in the indenture) unless the Utility provides that the Senior Notes will be equally and ratably secured with the new secured debt.

 

"pari passu" elsewhere:

BP (BP)
DPL (DPL)
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