Common use of Limitation on Layering Clause in Contracts

Limitation on Layering. The Company shall not, and shall not permit any Guarantor to, directly or indirectly, incur any Indebtedness that is or purports to be by its terms (or by the terms of any agreement governing such Indebtedness) contractually subordinated or junior in right of payment to any Senior Debt (including Acquired Debt) or Guarantor Senior Debt (including Acquired Debt) of the Company or such other Guarantor, as the case may be, unless such Indebtedness is either:

Limitation on Layering. The Company shall not, and shall will not permit any Guarantor to, directly or indirectly, incur any Indebtedness that is or purports to be by its terms (or by the terms of any agreement governing such Indebtedness) contractually subordinated or junior subordinate in right of payment to any Senior Debt (including Acquired Debt) or Guarantor Senior Debt (including Acquired Debt) of the Company or such other Guarantor, as the case may be, unless such Indebtedness is either:

Limitation on Layering. The Company shall and DC will not, and shall the Company will not permit any Guarantor to, directly or indirectly, incur any Indebtedness that is or purports to be by its terms (or by the terms of any agreement governing such Indebtedness) contractually subordinated or junior in right of payment to any Senior Debt (including Acquired Debt) of the Company or DC or Guarantor Senior Debt (including Acquired Debt) of the Company or such other GuarantorRestricted Subsidiary, as the case may be, unless such Indebtedness is either:

Limitation on Layering. The Company shall not, and shall not permit any Guarantor to, directly or indirectly, incur any Indebtedness (including Acquired Indebtedness) that is or purports to be by its terms (or by the terms of any agreement governing such Indebtedness) contractually subordinated or junior subordinate in right of payment to any Senior Debt (including Acquired Debt) or Guarantor Senior Debt (including Acquired Debt) Indebtedness of the Company or such other Guarantor, as the case may be, unless such Indebtedness is either:

Limitation on Layering. The Company shall will not, and shall will not permit any Guarantor to, directly incur or indirectly, incur any suffer to exist Indebtedness that is or purports to be by its terms (or by the terms of any agreement governing such Indebtedness) contractually subordinated or junior in right of payment to any Senior Debt (including Acquired Debt) or Guarantor Senior Debt (including Acquired Debt) other Indebtedness of the Company or such other Guarantor, as the case may be, unless such Indebtedness is either:also contractually subordinated in right of payment to the Notes or such Guarantor’s Guarantee, as the case may be.

Limitation on Layering. The Company shall will not, and shall will not permit any Guarantor to, directly or indirectly, incur Incur any Indebtedness that if such Indebtedness is or purports to be by its terms (or by the terms of any agreement governing such Indebtedness) contractually expressly subordinated or junior in right of payment to any Senior Debt (including Acquired Debt) or Guarantor Senior Debt (including Acquired Debt) Indebtedness of the Company or Guarantor Senior Indebtedness of such other Guarantor, as the case may be, unless such Indebtedness is eitheris:

Limitation on Layering. The Company shall not, and shall not permit any Guarantor to, directly or indirectly, incur any Indebtedness (including Acquired Debt) that is or purports to be by its terms (or by the terms of any agreement governing such Indebtedness) contractually subordinated or junior subordinate in right of payment to any Senior Debt (including Acquired Debt) or Guarantor Senior Debt (including Acquired Debt) of the Company or such other Guarantor, as the case may be, unless such Indebtedness is either:

Limitation on Layering. The Company shall not, and shall not permit any Guarantor to, directly or indirectly, incur any Indebtedness that is or purports contractually senior in right of payment to be by its terms (or by the terms of any agreement governing such Indebtedness) Notes and contractually subordinated or junior subordinate in right of payment to any Senior Debt (including Acquired Debt) or Guarantor Senior Debt (including Acquired Debt) other Indebtedness of the Company or Company. No Guarantor shall incur any Indebtedness that is contractually senior in right of payment to the Note Guarantee of such Guarantor and contractually subordinate in right of payment to any other Indebtedness of such Guarantor, as the case may be, unless such Indebtedness is either:.