Common use of Limitation on Liens Securing Indebtedness Clause in Contracts

Limitation on Liens Securing Indebtedness. The Company and the Guarantors shall not, and shall not permit any of the Company's Subsidiaries to, create, incur, assume or suffer to exist any Lien of any kind, other than Permitted Liens, upon any of their respective assets now owned or acquired on or after the date of this Indenture or upon any income or profits therefrom securing any Indebtedness of the Company or any Guarantor, unless the applicable Guarantor and the Company provide, and cause their Subsidiaries (that are Subsidiaries of the Company) to provide, concurrently therewith, that the Notes and the applicable Guarantees are equally and ratably so secured; provided that if such Indebtedness is Subordinated Indebtedness, the Lien securing such Subordinated Indebtedness shall be subordinate and junior to the Lien securing the Notes with the same relative priority as such Subordinated Indebtedness shall have with respect to the Notes.

Limitation on Liens Securing Indebtedness. The Company and the Guarantors shall not, and neither the Company nor the Guarantors shall not permit any of the Company's their respective Subsidiaries to, create, incur, assume or suffer to exist any Lien of any kind, other than Permitted Liens, upon any of their respective assets now owned or acquired on or after the date of this Indenture or upon any income or profits therefrom securing any Indebtedness of the Company or any Indebtedness of any Guarantor, unless the applicable Guarantor and the Company provideprovides, and cause their causes its Subsidiaries (that are Subsidiaries of the Company) to provide, concurrently therewith, that the Notes and the applicable Guarantees are equally and ratably so secured; provided provided, that if such Indebtedness is Subordinated Indebtedness, the Lien securing such Subordinated Indebtedness shall be contractually subordinate and junior to the Lien securing the Notes (and any related applicable Guarantees) with the same relative priority as such Subordinated Indebtedness shall have with respect to the NotesNotes (and any related applicable Guarantees).

Limitation on Liens Securing Indebtedness. The Company and the Guarantors shall not, and neither the Company nor the Guarantors shall not permit any of the Company's their respective Subsidiaries to, create, incur, assume or suffer to exist any Lien of any kind, other than Permitted Liens, upon any of their respective assets now owned or acquired on or after the date of this Indenture or upon any income or profits therefrom securing any Indebtedness of the Company Company, or any Indebtedness of any Guarantor, unless the applicable Guarantor and the Company provideprovides, and cause their causes its Subsidiaries (that are Subsidiaries of the Company) to provide, concurrently therewith, that the Notes and the applicable Guarantees are equally and ratably so secured; , provided that if such Indebtedness is Subordinated Indebtedness, the Lien securing such Subordinated Indebtedness shall be contractually subordinate and junior to the Lien securing the Notes (and any related applicable Guarantees) with the same relative priority as such Subordinated Indebtedness shall have with respect to the NotesNotes (and any related applicable Guarantees).

Limitation on Liens Securing Indebtedness. The Company and the Subsidiary Guarantors shall not, will not and shall will not permit any of the Company's their Subsidiaries to, create, incur, assume or suffer to exist exist, to secure any Indebtedness, any Lien of any kind, other than Permitted Liens, upon any of their respective assets now owned or acquired on or after the date of this Indenture or upon any income or profits therefrom securing any Indebtedness of unless the Company or any Guarantor, unless the applicable Guarantor and the Company provideprovides, and cause their causes its Subsidiaries (that are Subsidiaries of the Company) to provide, concurrently therewiththerewith or immediately thereafter, that the Notes and the applicable Guarantees Subsidiary Guarantees, as applicable, are equally and ratably so securedsecured for so long as such Indebtedness so secured remains outstanding; provided that that, if such Indebtedness is Subordinated Indebtedness, the Lien securing such Subordinated Indebtedness shall be subordinate and junior to the Lien securing the Notes with the same relative priority as such Subordinated Indebtedness shall have with respect to the Notes.; provided, further, that in the case of