Common use of Limitation on Senior Subordinated Indebtedness Clause in Contracts

Limitation on Senior Subordinated Indebtedness. The Company shall not (i) directly or indirectly Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities and expressly rank subordinate in right of payment to any Senior Indebtedness of the Company or (ii) permit any Guarantor to, and no Guarantor will, di- rectly or indirectly Incur any Indebtedness that by its terms would expressly rank senior 58

Limitation on Senior Subordinated Indebtedness. The Company shall not (i) directly or indirectly Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities and expressly rank subordinate in right of payment to any Senior Indebtedness of the Company or Debt and (ii) permit any Guarantor toa Guaran tor, if any, to and no Guarantor will, di- rectly will directly or indirectly Incur any Indebtedness that by its terms would expressly rank senior 58in right of payment to the Guarantee of such Guarantor and expressly rank subordinate in right of payment to any Senior Debt of such Guarantor.

Limitation on Senior Subordinated Indebtedness. The Company shall not (i) not, directly or indirectly Incur indirectly, incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities Loans and expressly rank subordinate in right of payment to any Senior Indebtedness of the Company or (ii) Company. The Parent shall not, and shall not permit any other Guarantor to, and no Guarantor willshall, di- rectly directly or indirectly Incur indirectly, incur any Indebtedness that by its terms would expressly rank senior 58in right of payment to the Guarantee of such Guarantor and expressly rank subordinate in right of payment to any Senior Indebtedness of such Guarantor.

Limitation on Senior Subordinated Indebtedness. The Company shall will not (i) directly or indirectly indirectly, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities and expressly rank subordinate in right of payment to any Senior other Indebtedness of the Company or and (ii) cause or permit any Guarantor to, and no Guarantor will, di- rectly directly or indirectly Incur indirectly, incur any Indebtedness that by its terms would expressly rank senior 58in right of payment to the Guarantee of such Guarantor and rank subordinate in right of payment to any other Indebtedness of such Guarantor.