which deficiencies or errors (i) may be attributable to the employees of that entity or enterprise, as the case may be, that entity or enterprise, as the case may be, the control routines, process or technology of that entity or enterprise, as the case may be, or the execution of legal, fiduciary and agency responsibilities in respect of that entity or enterprise, as the case may be, or (ii) which may be attributable to external events which are beyond the control of that entity or enterprise, as the case may be; "pari passu ranking" means, in relation to a borrower, the debt of that borrower which (i) ranks equally, in priority of payment to the relevant lender(s), with all of the other debt of that borrower which is of the same class or type as that debt (such class or type being determined, among other things, with reference to the status of the relevant debts as secured or not secured and/or Subordinated or not Subordinated), and (ii) which debt is accordingly not subordinated to any of the other debt of that borrower which is of the same class or type as that debt; "political risk" means, in relation to a State Party, the risk of a change in the political situation of that State Party stemming from, among other things, a change in the control of the government of that State Party, a change in the social fabric of that member State, or the existence of other non-economic factors which affect that State Party. Political risk covers the potential for (i) internal and external conflicts within or involving that State Party, (ii) the expropriation of property in that State Party, and (iii) the inconvertibility of the currency of that State Party: The assessment of political risk requires an analysis of factors such as the relationships between various groups in that State Party, the decision-making process in the government of that State Party, and the history of that State Party. "preferred creditor status" means, in relation to a borrower, that level of priority for repayment of debts conferred by International Law on multilateral financial institutions such as the World Bank, IMF and 85