Common use of Limitation on Senior Subordinated Indebtedness Clause in Contracts

Limitation on Senior Subordinated Indebtedness. (a) The Issuers shall not, 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.

Limitation on Senior Subordinated Indebtedness. (a) The Issuers Issuer shall not, 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.

Limitation on Senior Subordinated Indebtedness. (a) The None of the Issuers shall 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 IndebtednessDebt of the Issuers or (ii) permit the Guarantors to and the Guarantors will not directly or indirectly Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Guarantees of the Guarantors and expressly rank subordinate in right of payment to any Guarantor Senior Debt.