Common use of Limitation on Senior Subordinated Indebtedness Clause in Contracts

Limitation on Senior Subordinated Indebtedness. The Company will not, and will not permit or cause any Guarantor to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Securities or the Guarantee of such Guarantor or subordinated in right of payment to the Securities or such Guarantee at least to the same extent as the Securities or such Guarantee are subordinated in right of payment to Senior Indebtedness or such Guarantor's Senior Guarantor Indebtedness, as the case may be, as set forth in this Indenture.

Limitation on Senior Subordinated Indebtedness. The Company will not, and will not permit or cause any Guarantor to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Securities or the Guarantee of such Guarantor or subordinated subordinate in right of payment to the Securities or such Guarantee at least to the same extent as the Securities or such Guarantee are subordinated subordinate in right of payment to Senior Indebtedness or Senior Indebtedness of such Guarantor's Senior Guarantor Indebtedness, as the case may be, as set forth in this Indenture.

Limitation on Senior Subordinated Indebtedness. The Company will shall not, and will shall not permit or cause any Guarantor to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Securities or the Guarantee of such Guarantor Guarantor, or subordinated subordinate in right of payment to the Securities or such Guarantee to at least to the same extent as the Securities or such Guarantee are subordinated subordinate in right of payment to Senior Indebtedness or such Guarantor's Guarantor Senior Guarantor Indebtedness, as the case may be, as set forth in this Indenture.

Limitation on Senior Subordinated Indebtedness. The Company will not, and will not permit or cause any Guarantor to, directly or indirectly, create, incurIncur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Securities Notes or the Guarantee of such Guarantor or subordinated subordinate in right of payment to the Securities Notes or such Guarantee to at least to the same extent as the Securities Notes or such Guarantee are subordinated subordinate in right of payment to Senior Indebtedness or such Guarantor's Senior Guarantor Indebtedness, as the case may be, as set forth in this Supplemental Indenture.

Limitation on Senior Subordinated Indebtedness. The Company will not, and will not permit or cause any Guarantor to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Securities or the Guarantee of such Guarantor or subordinated in right of payment to the Securities or such Guarantee at least to the same extent as the Securities or such Guarantee are subordinated in right of payment to Senior Indebtedness or Senior Indebtedness of such Guarantor's Senior Guarantor Indebtedness, as the case may be, as set forth in this Indenture.

Limitation on Senior Subordinated Indebtedness. The Company will not, and will not permit or cause any Guarantor to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Securities or the Guarantee of such Guarantor or subordinated subordinate in right of payment to 122 the Securities or such Guarantee at least to the same extent as the Securities or such Guarantee are subordinated subordinate in right of payment to Senior Indebtedness or Senior Indebtedness of such Guarantor's Senior Guarantor Indebtedness, as the case may be, as set forth in this Indenture.

Limitation on Senior Subordinated Indebtedness. The Company will not, and will not permit or cause any Guarantor to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Securities or the Guarantee of such Guarantor or subordinated subordinate in right of payment to the Securities or such Guarantee for at least to the same extent as the Securities or such Guarantee are subordinated subordinate in right of payment to Senior Indebtedness or Senior Indebtedness of such Guarantor's Senior Guarantor Indebtedness, as the case may be, as set forth in this Indenture.. 97 108

Limitation on Senior Subordinated Indebtedness. The Each of the Company and Finance Corp. will not, and will not permit or cause any Guarantor to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company Company, Finance Corp. or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Securities or the Guarantee of such Guarantor or subordinated in right of payment to the Securities or such Guarantee at least to the same extent as the Securities or such Guarantee are subordinated in right of payment to Senior Indebtedness or Senior Indebtedness of such Guarantor's Senior Guarantor Indebtedness, as the case may be, as set forth in this Indenture.

Limitation on Senior Subordinated Indebtedness. The Company Each Issuer will not, and will not permit or cause any Guarantor to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company such Issuers or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Securities or the Guarantee of such Guarantor or subordinated in right of payment to the Securities or such Guarantee at least to the same extent as the Securities or such Guarantee are subordinated in right of payment to Senior Indebtedness or Senior Indebtedness of such Guarantor's Senior Guarantor Indebtedness, as the case may be, as set forth in this Indenture.

Limitation on Senior Subordinated Indebtedness. The Company will not, and will not permit or cause any Guarantor to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Securities or the Guarantee of such Guarantor or subordinated in right of payment to the Securities or such Guarantee at least to the same extent as the Securities or such Guarantee are subordinated in right of payment to Senior Indebtedness or Senior Indebtedness of such Guarantor's Senior Guarantor Indebtedness, as the case may be, as set forth in this Indenture.

Limitation on Senior Subordinated Indebtedness. The Company will not, and will not permit or cause any Guarantor to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Securities or the Guarantee of such Guarantor or subordinated in right of payment to the Securities or such Guarantee at least to the same extent as the Securities or such Guarantee are subordinated in right of payment to Senior Indebtedness or such Guarantor's ’s Senior Guarantor Indebtedness, as the case may be, as set forth in this Indenture.

Limitation on Senior Subordinated Indebtedness. The Company will shall not, and will shall not permit or cause any Guarantor to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment payment, by contract or otherwise, to any Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Securities ---- ----- or the Guarantee of such Guarantor Guarantor, or subordinated subordinate in right of payment to the Securities or such Guarantee to at least to the same extent as the Securities or such Guarantee are subordinated subordinate in right of payment to Senior Indebtedness or such Guarantor's Guarantor Senior Guarantor Indebtedness, as the case may be, as set forth in this Indenture.

Limitation on Senior Subordinated Indebtedness. The Company will not, and will not permit or cause any Guarantor to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Securities Notes or the Guarantee of such Guarantor Guarantor, or subordinated subordinate in right of payment to the Securities Notes or such Guarantee to at least to the same extent as the Securities Notes or such Guarantee are subordinated subordinate in right of payment to Senior Indebtedness or such Guarantor's Guarantor Senior Guarantor Indebtedness, as the case may be, as set forth in this the Indenture.. (Section 1011)

Limitation on Senior Subordinated Indebtedness. The Company will not, and will not permit or cause any Guarantor to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Securities or the Guarantee of such Guarantor or subordinated subordinate in right of payment to the Securities or such Guarantee to at least to the same extent as the Securities or such Guarantee are subordinated subordinate in right of payment to Senior Indebtedness or such Guarantor's Senior Guarantor Indebtedness, as the case may be, as set forth in this Indenture.

Limitation on Senior Subordinated Indebtedness. The Company will not, and will not permit or cause any Guarantor to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company or -129- such Guarantor, as the case may be, unless such Indebtedness is also pari passu PARI PASSU with the Securities or the Guarantee of such Guarantor or subordinated in right of payment to the Securities or such Guarantee at least to the same extent as the Securities or such Guarantee are subordinated in right of payment to Senior Indebtedness or Senior Indebtedness of such Guarantor's Senior Guarantor Indebtedness, as the case may be, as set forth in this Indenture.

Limitation on Senior Subordinated Indebtedness. The Company will shall not, and will shall not permit or cause any Guarantor to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Securities Notes or the Guarantee of such Guarantor Guarantor, or subordinated subordinate in right of payment to the Securities Notes or such Guarantee to at least to the same extent as the Securities Notes or such Guarantee are subordinated subordinate in right of payment to Senior Indebtedness or such Guarantor's Guarantor Senior Guarantor Indebtedness, as the case may be, as set forth in this Indenture.