pari passu provision

简明释义

同步条款

英英释义

例句

1.The pari passu provision in the bond indenture protects investors by ensuring equal treatment among bondholders.

债券契约中的平等待遇条款通过确保债券持有者之间的平等待遇来保护投资者。

2.During the restructuring process, the pari passu provision played a crucial role in determining the distribution of assets.

在重组过程中，平等待遇条款在确定资产分配方面发挥了关键作用。

3.Investors were reassured by the pari passu provision, which guarantees that their claims would rank equally with other senior debt.

投资者对这个平等待遇条款感到放心，因为它保证他们的索赔将与其他高级债务平等排名。

4.In the event of default, the pari passu provision will ensure that no creditor is prioritized over another.

在违约的情况下，平等待遇条款将确保没有债权人被优先考虑。

5.The loan agreement included a pari passu provision to ensure that all creditors are treated equally in case of liquidation.

贷款协议中包含了一个平等待遇条款，以确保在清算时所有债权人都得到平等对待。

作文

In the world of finance and law, certain terms can be pivotal in understanding the intricacies of agreements and obligations. One such term is the pari passu provision, which plays a crucial role in the structuring of debt instruments and investment agreements. The phrase 'pari passu' is derived from Latin, meaning 'on equal footing' or 'at the same pace'. This concept ensures that all creditors or investors are treated equally in terms of their claims against a debtor or an asset. In essence, when a pari passu provision is included in a contract, it specifies that all parties will have the same rights and priorities regarding payment or recovery of funds. The significance of the pari passu provision becomes particularly evident during times of financial distress or bankruptcy. When a company faces insolvency, the way in which creditors are paid can greatly affect their recovery. A pari passu provision guarantees that no single creditor will be favored over others, promoting fairness and equity among all stakeholders involved. This equal treatment is essential for maintaining trust and confidence in financial markets, as it assures investors that their interests will not be unjustly compromised. For example, consider a scenario where a corporation has issued multiple bonds to different investors. If the corporation goes bankrupt, the pari passu provision would ensure that all bondholders receive payment on an equal basis, rather than allowing one group of bondholders to be prioritized over another. This feature is particularly important in the context of sovereign debt, where countries may owe money to various international creditors. By including a pari passu provision in sovereign debt contracts, countries can foster a more stable borrowing environment, as creditors are assured of equitable treatment. However, the application of the pari passu provision is not without its complexities. In some cases, legal interpretations may vary, leading to disputes over what constitutes equal treatment. Courts may need to intervene to clarify the intentions of the parties involved, especially when it comes to distinguishing between different types of debt or obligations. Moreover, in certain jurisdictions, specific laws may alter the effectiveness of a pari passu provision, impacting how creditors can enforce their rights. In conclusion, the pari passu provision serves as a fundamental principle in finance and law, ensuring that all creditors are treated equally and fairly. Its inclusion in agreements enhances transparency and fosters trust among investors. Understanding this provision is vital for anyone involved in financial transactions, as it underpins many of the rights and obligations that govern these relationships. As financial markets continue to evolve, the importance of the pari passu provision will remain significant, guiding the principles of equity and fairness in the complex landscape of debt and investment.

在金融和法律的世界中，某些术语对于理解协议和义务的复杂性至关重要。其中一个术语是pari passu provision，它在债务工具和投资协议的结构中发挥着关键作用。‘pari passu’这个短语源自拉丁语，意为‘平等对待’或‘同速进行’。这一概念确保所有债权人或投资者在对债务人或资产的索赔方面获得平等对待。实际上，当合同中包含pari passu provision时，它规定所有各方在付款或资金回收方面将享有相同的权利和优先权。pari passu provision的重要性在于金融危机或破产期间尤为明显。当一家公司面临破产时，债权人的支付方式可能会极大影响他们的回收。pari passu provision保证没有单一债权人会被优待，从而促进所有相关利益方之间的公平与公正。这种平等待遇对于维护金融市场的信任和信心至关重要，因为它向投资者保证，他们的利益不会受到不公正的损害。例如，考虑一个场景，其中一家公司向不同的投资者发行了多种债券。如果公司破产，pari passu provision将确保所有债券持有人在同等基础上获得付款，而不是允许某一组债券持有人优先于另一组。这一特征在主权债务的背景下尤为重要，因为国家可能欠国际债权人资金。通过在主权债务合同中包含pari passu provision，国家可以促进更稳定的借贷环境，因为债权人得以确保公平对待。然而，pari passu provision的应用并非没有复杂性。在某些情况下，法律解释可能会有所不同，导致对什么构成平等待遇的争议。法院可能需要介入，以澄清相关方的意图，特别是在区分不同类型的债务或义务时。此外，在某些司法管辖区，特定法律可能会改变pari passu provision的有效性，影响债权人如何执行其权利。总之，pari passu provision作为金融和法律中的基本原则，确保所有债权人得到平等和公正的对待。它在协议中的包含增强了透明度，并促进了投资者之间的信任。理解这一条款对于任何参与金融交易的人来说都是至关重要的，因为它支撑着管理这些关系的许多权利和义务。随着金融市场的不断发展，pari passu provision的重要性将继续显著，指导债务和投资复杂领域中的公平与公正原则。