Common use of Limitation on Layering Clause in Contracts

Limitation on Layering. The Company will not, and will not permit any of the Restricted Subsidiaries to, directly or indirectly, incur, contingently or otherwise, any Indebtedness that is both (i) subordinate in right of payment to any Indebtedness of the Company or any of the Guarantors, as the case may be, and (ii) pari passu in right of payment with the Notes or any of the Guarantees, as the case may be.