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Pari Passu Letter

Pari Passu Letter

Formal banking document issued by an existing lender to confirm equal ranking of charges.

Letter Purpose

Confirm that charges created in favor of new lenders will rank equally ("on equal footing") with existing lenders.

Best For

  • Consortium Lending
  • Multiple Banking

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Pari Passu Letter

Standard Inter-Bank Format

Date: 20-Feb-2026

To,

The Manager,

Consortium Banks,

Sub: Pari Passu Letter for ABC Infrastructure Ltd.

Dear Sirs,

Reg: M/s ABC Infrastructure Ltd.

We, State Bank of India, hereby agree and confirm that notwithstanding anything to the contrary contained in or by virtue of the mortgage and charge created by the Company in our favour in respect of the Company's immoveable and moveable properties to secure our Term Loan of INR 500,000,000.00 inclusive of Interim Loans/Interim Disbursements, the mortgage and charge of State Bank of India shall in all respects rank pari passu with the mortgages and charges created/to be created by the Company in favour of: 

1. HDFC Bank - Rs. 200 Cr
2. ICICI Bank - Rs. 150 Cr
3. Punjab National Bank - Rs. 100 Cr

We also authorise you to make a mention of the Pari Passu Charge in favour of ourselves and your institution on the assets of the company in the form of particulars of charge required to be filed by the company with the Registrar of Companies.

We undertake and confirm that we shall enter into a Pari Passu Agreement with you defining the rights and obligations of the parties interse.

Yours faithfully,

For State Bank of India

______________________

Authorized Signatory

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