Common use of Limitation on Layering Clause in Contracts

Limitation on Layering. The Company shall not incur any Indebtedness if such Indebtedness is subordinate or junior in ranking in any respect to any Senior Indebtedness unless such Indebtedness is Senior Subordinated Indebtedness or is contractually subordinated in right of payment to all Senior Subordinated Indebtedness (including the Securities).

Appears in 4 contracts

Samples: Indenture (Lin Television Corp), Indenture (WTNH Broadcasting Inc), Indenture (Lin Television Corp)

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Limitation on Layering. The Notwithstanding the provisions of ---------------------- Section 4.4, the Company shall not incur Incur any Indebtedness if such Indebtedness is subordinate or junior in ranking right of payment in any respect to any Senior Indebtedness unless such Indebtedness is Senior Subordinated Indebtedness or is contractually subordinated in right of payment to all Senior Subordinated Indebtedness (including the Securities)Indebtedness.

Appears in 3 contracts

Samples: Indenture (Cybernet Internet Services International Inc), Indenture (Cybernet Internet Services International Inc), Indenture (Cybernet Internet Services International Inc)

Limitation on Layering. The Company shall will not incur any Indebtedness if such Indebtedness is subordinate or junior in ranking in any respect to any Senior Indebtedness unless such Indebtedness is Senior Subordinated Indebtedness or is contractually subordinated in right of payment to all Senior Subordinated Indebtedness (including the SecuritiesNotes).

Appears in 2 contracts

Samples: Indenture (STC Broadcasting Inc), Indenture (Regal Cinemas Inc)

Limitation on Layering. The Company shall will not incur any Indebtedness if such Indebtedness is subordinate or junior in ranking in any respect to any Senior Indebtedness unless such Indebtedness is Senior Subordinated Indebtedness or is contractually subordinated in right of payment to all Senior Subordinated Indebtedness (including the SecuritiesDebentures).

Appears in 1 contract

Samples: Indenture (Regal Cinemas Inc)

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Limitation on Layering. The Company shall will not incur any Indebtedness if such Indebtedness is subordinate or junior in ranking in any respect to any Senior Indebtedness unless such Indebtedness is Senior Subordinated Indebtedness or is contractually subordinated in right of payment to all Senior Subordinated Indebtedness (including the Securities).

Appears in 1 contract

Samples: Indenture (Cooperative Computing Inc /De/)

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