Common use of Limitation on Layering Debt Clause in Contracts

Limitation on Layering Debt. The Company will 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 of the Company but senior in any respect in right of payment to the Notes.

Limitation on Layering Debt. The Company will 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 of the Company but and senior in any respect in right of payment to the Notes.

Limitation on Layering Debt. The Company will shall not --------------------------- incur, create, issue, assumeassume , guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Senior Indebtedness of the Company but and senior in any respect in right of payment to the Notes.

Limitation on Layering Debt. The Company will 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 of the Company but and senior in any respect in right of payment to the Notes. In addition, the Subsidiary Guarantors will 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 of the Subsidiary Guarantor and senior in any respect in right of payment to the Subsidiary Guarantees.

Limitation on Layering Debt. (a) The Company will not shall not, directly or indirectly, incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is by its terms subordinate or junior in right of payment to any Senior Indebtedness Debt of the Company but and senior in any respect in right of payment to the Notes. (b) The Company shall not permit any Guarantor, directly or indirectly, to incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is by its terms subordinate or junior in right of payment to any Senior Debt of such

Limitation on Layering Debt. The Company will 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 of the Company but and senior in any respect in right of payment to the Notes. 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 the Guarantor Senior Indebtedness and senior in any respect in right of payment to the Subsidiary Guarantees.

Limitation on Layering Debt. The Company will 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 Debt of the Company but and senior in any respect in right of payment to the Notes.

Limitation on Layering Debt. The Company will shall not incur, create, issue, assume, guarantee or otherwise become liable for ---------------------------- Incur any Indebtedness that is subordinate or junior in right of payment to any Senior Indebtedness of the Company but and senior in any respect in right of payment to the NotesSecurities.