Common use of Limitation on Layering Debt Clause in Contracts

Limitation on Layering Debt. Neither the Company nor any Guarantor will incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness or guarantee, as applicable, 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 or such Guarantor's Guarantee, respectively.

Limitation on Layering Debt. Neither the The Company nor any and each Subsidiary Guarantor will not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness or guarantee, as applicable, 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 or such Subsidiary Guarantor's Subsidiary Guarantee, respectively.

Limitation on Layering Debt. Neither The Company and the Company nor any Guarantor Guarantors will not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness or guarantee, as applicable, that is subordinate or junior in right of payment to any Senior Indebtedness and of the Company or the Guarantors, as the case may be, but senior in any respect in right of payment to the Notes or such Guarantor's Guaranteethe Subsidiary Guarantees, respectivelyas the case may be.

Limitation on Layering Debt. Neither the The Company nor any and each Guarantor will shall not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness or guarantee, as applicable, 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 or such Guarantor's Note Guarantee, respectively.

Limitation on Layering Debt. Neither the The Company nor any and each Subsidiary Guarantor will shall not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness or guarantee, as applicable, 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 or such Subsidiary Guarantor's Subsidiary Guarantee, respectively.