Common use of Limitation on Senior Subordinated Indebtedness Clause in Contracts

Limitation on Senior Subordinated Indebtedness. The Company shall not, and shall not cause or permit any Guarantor to, directly or indirectly, incur, or suffer to exist, any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities or the Guarantees of such Guarantor, as the case may be, and subordinate in right of payment to any other Indebtedness of the Company or such Guarantor, as the case may be.

Limitation on Senior Subordinated Indebtedness. The Company shall not, and shall not cause or permit any Guarantor to, directly or indirectly, incur, or suffer to exist, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities or the Guarantees of such Guarantor, as the case may be, and subordinate in right of payment to any other Indebtedness of the Company. The Company shall not permit any Guarantor to, and no Guarantor shall, directly or indirectly, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Guarantee of such Guarantor and subordinate in right of payment to any other Indebtedness of such Guarantor, as the case may be.

Limitation on Senior Subordinated Indebtedness. The Company shall will not, and shall will not cause or permit any Guarantor of its Restricted Subsidiaries to, directly or indirectly, incur, or suffer to exist, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities Notes or the Guarantees of such GuarantorGuarantees, as the case may be, and expressly rank subordinate in right of payment to any other Indebtedness of the Company or such Guarantor, as the case may beRestricted Subsidiary.

Limitation on Senior Subordinated Indebtedness. The Company shall not, and the Guarantors shall not cause or permit any Guarantor to, directly or indirectly, incur, or suffer to exist, Incur any Indebtedness that by its terms would expressly rank senior is subordinate in right of payment to any Senior Indebtedness unless such Indebtedness is pari passu with, or subordinated in right of payment to, the Securities Notes or the Guarantees Note Guarantee of such Guarantor, as the case may be, and subordinate ; provided that the foregoing limitation shall not apply to distinctions between categories of Senior Indebtedness that exist by reason of any Liens or Guarantees arising or created in right respect of payment to any other Indebtedness of the Company or such Guarantor, as the case may besome but not all Senior Indebtedness.

Limitation on Senior Subordinated Indebtedness. The Company shall not, and shall not cause or permit any Guarantor to, directly or indirectly, incur, or suffer to exist, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities or the Guarantees of such Guarantor, as the case may be, and subordinate in right of payment to any other Indebtedness of the Company. The Company shall not permit any Guarantor to, and no Guarantor shall, directly or indirectly, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Guarantee of such Guarantor and subordinate in right of payment to any Indebtedness of such Guarantor, as the case may be.