No Layering of Debt. The Company will not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is contractually subordinate or junior in right of payment to any Senior Debt of the Company and senior in right of payment to the Securities.
Appears in 3 contracts
Samples: Supplemental Indenture (Vertex Pharmaceuticals Inc / Ma), Indenture (Vertex Pharmaceuticals Inc / Ma), Indenture (Vertex Pharmaceuticals Inc / Ma)
No Layering of Debt. The Company will not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is contractually subordinate or junior in right of payment to any Designated Senior Debt of the Company and senior in right of payment to the SecuritiesNotes. No Guarantor will incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is contractually subordinate or junior in right of payment to the Designated Senior Debt of such Guarantor and senior in right of payment to such Guarantor’s Note Guarantee.
Appears in 2 contracts
No Layering of Debt. The Company will not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness indebtedness that is contractually subordinate or junior in right of payment to any Senior Debt of the Company and senior in right of payment to the SecuritiesNotes. No such indebtedness will be considered to be senior by virtue of being secured on a first or junior priority basis.
Appears in 1 contract
Samples: Indenture (Fti Consulting Inc)
