Common use of Limitation on Senior Subordinated Indebtedness Clause in Contracts

Limitation on Senior Subordinated Indebtedness. The Company will not Incur any Indebtedness that is subordinate in right of payment to any Senior Indebtedness unless such Indebtedness is pari passu with, or subordinate in right of payment to, the Notes. No Subsidiary Guarantor will Incur any Indebtedness that is subordinate in right of payment to any Senior Indebtedness unless such Indebtedness is pari passu with, or subordinate in right of payment to, the Subsidiary Guarantee executed by such Subsidiary Guarantor.

Limitation on Senior Subordinated Indebtedness. The Company will shall not Incur any Indebtedness that is subordinate in right of payment to any Senior Indebtedness unless such Indebtedness is pari passu PARI PASSU with, or subordinate subordinated in right of payment to, the Notes. No Subsidiary Guarantor will Incur any Indebtedness ; PROVIDED that is subordinate in right the foregoing limitation shall not apply to distinctions between categories of payment to any Senior Indebtedness unless of the Company that exist by reason of any Liens or Guarantees arising or created in respect of some but not all such Indebtedness is pari passu with, or subordinate in right of payment to, the Subsidiary Guarantee executed by such Subsidiary GuarantorSenior Indebtedness.

Limitation on Senior Subordinated Indebtedness. The Company will shall not Incur any Indebtedness that is subordinate in right of payment to any Senior Indebtedness unless such Indebtedness is pari passu with, or subordinate subordinated in right of payment to, the Notes. No Subsidiary Guarantor will shall Incur any Indebtedness that is subordinate in right of payment to any Senior Indebtedness unless such Indebtedness is pari passu with, or subordinate subordinated in right of payment to, the any Subsidiary Guarantee executed by such the Subsidiary Guarantor.