Common use of Limitation on Layering Clause in Contracts

Limitation on Layering. The Company shall not incur any Indebtedness that is contractually senior in right of payment to the Notes and contractually subordinate in right of payment to any other Indebtedness of the Company.

Limitation on Layering. The Company shall not and shall not permit any of its Restricted Subsidiaries to incur or suffer to exist any Indebtedness that if such Indebtedness is contractually expressly subordinate or junior in right of payment to any Senior Indebtedness and senior in right of payment to the Notes and contractually subordinate in right of payment to any other Indebtedness of the CompanySecurities.

Limitation on Layering. The Company shall not and shall not permit any of its Restricted Subsidiaries to incur any Indebtedness that if such Indebtedness is contractually expressly subordinate or junior in right of payment to any Senior Indebtedness and senior in right of payment to the Notes and contractually subordinate in right of payment to any other Indebtedness of the CompanySecurities.

Limitation on Layering. The Company shall not incur any Indebtedness indebtedness that is contractually senior in right of payment to the Notes Securities and contractually subordinate in right of payment to any other Indebtedness indebtedness of the Company, other than any Senior Secured Bank Indebtedness that may be subordinate in right of payment to the Project Indebtedness.

Limitation on Layering. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, incur any Indebtedness (including Acquired Indebtedness) that is contractually senior in right of payment to the Notes and contractually subordinate in right of payment to any other Senior Indebtedness of the Company.Company or such Restricted Subsidiary, as the case may be, unless such Indebtedness is either: