Limitation on Layering. (a) The Issuer shall not permit any Restricted Guarantor to, directly or indirectly, incur any Indebtedness that is subordinate in right of payment to any Designated Senior Indebtedness of such Restricted Guarantor, as the case may be, unless such Indebtedness is either:
Appears in 3 contracts
Samples: Indenture (C C Media Holdings Inc), Indenture (CC Media Holdings Inc), Indenture (Clear Channel Communications Inc)
Limitation on Layering. (a) The Issuer Notwithstanding anything to the contrary, the Issuers shall not, and shall not permit any Restricted Guarantor to, directly or indirectly, incur any Indebtedness (including Acquired Indebtedness) that is subordinate in right of payment to any Designated Senior Indebtedness of the Issuers or such Restricted Guarantor, as the case may be, unless such Indebtedness is either:
Appears in 2 contracts
Samples: Indenture (Avago Technologies LTD), Indenture (Avago Technologies Manufacturing (Singapore) Pte. Ltd.)
Limitation on Layering. (a) The Issuer shall not, and shall not permit any Restricted Guarantor to, directly or indirectly, incur any Indebtedness (including Acquired Indebtedness) that is subordinate subordinated in right of payment to any Designated Senior Indebtedness of the Issuer or such Restricted Guarantor, as the case may be, unless such Indebtedness is either:
Appears in 1 contract
Samples: Indenture (Michaels Stores Inc)
Limitation on Layering. (a) The Notwithstanding anything to the contrary, the Issuer shall not not, and shall net permit any Restricted Guarantor to, directly or indirectly, incur any Indebtedness (including Permitted Indebtedness) that is subordinate in right of payment to any Designated Senior Indebtedness of the Issuers or such Restricted Guarantor, as the case may be, unless such Indebtedness is either:
Appears in 1 contract
Samples: Supplemental Indenture (LPL Investment Holdings Inc.)
Limitation on Layering. (a) The Notwithstanding anything in this Indenture to the contrary, the Issuer shall not, and shall not permit any Restricted Guarantor to, directly or indirectly, incur any Indebtedness (including Acquired Indebtedness) that is subordinate in right of payment to any Designated Senior Indebtedness of the Issuer or such Restricted Guarantor, as the case may be, unless such Indebtedness is either:
Appears in 1 contract
Samples: Senior Subordinated Notes Indenture (Claires Stores Inc)
Limitation on Layering. (a) The Issuer shall not, and shall not permit any Restricted Guarantor to, directly or indirectly, incur any Indebtedness (including Acquired Indebtedness) that is subordinate in right of payment to any Designated Senior Indebtedness of the Issuer or such Restricted Guarantor, as the case may be, unless such Indebtedness is either:
Appears in 1 contract
Samples: Subordinated Notes Indenture (American Tire Distributors Holdings, Inc.)
