No Senior Subordinated Indebtedness. The Company shall not incur any Indebtedness that is subordinate or junior in right of payment to any Senior Indebtedness and senior in right of payment to the Notes.
No Senior Subordinated Indebtedness. The Company shall not, directly or indirectly, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to any indebtedness that is subordinate or junior in right of payment to any Senior Indebtedness and senior in right of payment to the Debentures.
No Senior Subordinated Indebtedness. The Company shall not, and shall not permit any Restricted Subsidiary that is a Guarantor or any Unrestricted Subsidiary Guarantor to, incur or suffer to exist Indebtedness that is senior in right of payment to the Notes or such Guarantor's Guarantee, 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.
No Senior Subordinated Indebtedness. Notwithstanding the provisions of Section 4.09 hereof, (i) the Company shall not incur any Indebtedness that is subordinate or junior in right of payment to any Senior Indebtedness and senior in right of payment to the Notes, and (ii) no Guarantor will incur any Indebtedness that is subordinate or junior in right of payment to any Senior Indebtedness and senior in right of payment to that Guarantor's Note Guarantee.
No Senior Subordinated Indebtedness. The Company will not:
No Senior Subordinated Indebtedness. The Company shall not create, incur, issue, assume, guarantee or otherwise become liable with respect to any indebtedness that is subordinate or junior in right of payment to the Senior Indebtedness and senior in right of payment to the Subordinated Obligations. For this purpose, unsecured indebtedness will not be deemed subordinate or junior to indebtedness secured by a lien merely because it is unsecured, and Senior Indebtedness will not be deemed subordinate or junior to any other Senior Indebtedness merely because it has a junior priority with respect to the same collateral.
No Senior Subordinated Indebtedness. The Company shall not Incur any Indebtedness that 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 Notes. No Guarantor shall Incur any Indebtedness that is subordinate in right of payment to any Senior Indebtedness of such Guarantor unless such Indebtedness is pari passu with, or subordinated in right of payment to, the Parent Guarantee or Subsidiary Guarantee, as the case may be, executed by such Guarantor.
No Senior Subordinated Indebtedness. Notwithstanding the provisions of Section 4.09 hereof, (i) the Company shall not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Senior Indebtedness and senior in any respect in right of payment to the Notes, and (ii) no Guarantor shall incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to its Senior Indebtedness and senior in any respect in right of payment to its Note Guarantee.
No Senior Subordinated Indebtedness. Neither the Company nor any Guarantor will create, incur, issue, assume, guarantee or otherwise in any manner become directly or indirectly liable for or with respect to or otherwise permit to exist any Indebtedness that is subordinate in right of payment to any Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is also pari passu with the Notes or the Guarantee of such Guarantor, as the case may be, or subordinate in right of payment to the Notes or such Guarantee in the same manner as the Notes are subordinate in right of payment to Senior Indebtedness or such Guarantee is subordinate to Senior Indebtedness, as the case may be, or in a manner that is more favorable to the Holders of the Notes.
No Senior Subordinated Indebtedness. The Issuer shall not Incur any Indebtedness that is subordinate or junior in right of payment to any Senior Indebtedness and senior in right of payment to the Notes and no Guarantor shall Incur any Indebtedness that is subordinate or junior in right of payment to any Senior Indebtedness and senior in right of payment to the Note Guarantees.
