Common use of Limitation on Senior Subordinated Indebtedness Clause in Contracts

Limitation on Senior Subordinated Indebtedness. The Company shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise become liable for, contingently or otherwise, or become responsible for the payment of, contingently or otherwise, any Indebtedness which is both (i) senior in right of payment to the Securities of any series and (ii) expressly subordinate in right of payment to any other Indebtedness of the Company. For purposes of this Section 1008, Indebtedness is deemed to be senior in right of payment to the Securities of a series if it is not subordinate in right of payment to Senior Indebtedness at least to the same extent as the Securities of such series are subordinate to Senior Indebtedness.

Limitation on Senior Subordinated Indebtedness. The Company shall not, and shall not permit any Restricted Subsidiary of the Company to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise become liable for, contingently or otherwise, or become responsible for the payment of, contingently or otherwise, any Indebtedness which is both (i) senior in right of payment to the Securities of any the series and (ii) expressly subordinate in right of payment to any other Indebtedness of the Company. For purposes of this Section 1008, Indebtedness is deemed to be senior "senior" in right of payment to the Securities of a the series if it is not subordinate in right of payment to Senior Indebtedness at least to the same extent as the Securities of such series are subordinate to Senior Indebtedness.

Limitation on Senior Subordinated Indebtedness. The Company shall not, and shall not permit any Restricted Subsidiary of the Company to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise become liable for, contingently or otherwise, or become responsible for the payment of, contingently or otherwise, any Indebtedness which is both (i) senior in right of payment to the Securities of any series and (ii) expressly subordinate in right of payment to any other Indebtedness of the Company. For purposes of this Section 1008, Indebtedness is deemed to be senior "senior" in right of payment to the Securities of a series if it is not subordinate in right of payment to Senior Indebtedness at least to the same extent as the Securities of such series are subordinate to Senior Indebtedness.

Limitation on Senior Subordinated Indebtedness. The Company shall not, and shall not permit any Restricted Subsidiary of the Company to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise become liable for, contingently or otherwise, or become responsible for the payment of, contingently or otherwise, any Indebtedness which is both (i) senior in right of payment to the Securities of any series and (ii) expressly subordinate in right of payment to any other Indebtedness of the Company. For purposes of this Section 1008, Indebtedness is deemed to be senior "senior" in right of payment to the Securities of a series if it is not subordinate in right of payment to Senior Indebtedness at least to the same extent as the Securities of such series are subordinate to Senior Indebtedness.. 84