Common use of Limitation on Liens Securing Indebtedness Clause in Contracts

Limitation on Liens Securing Indebtedness. The Issuers and the Guarantors, if any, will not, and will not permit any of their Subsidiaries to, individually or collectively, 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 the Indenture or upon any income or profits therefrom securing any Indebtedness of the Issuers, the Guarantors, if any, or any of their Subsidiaries other than Senior Debt, unless the Issuers and Guarantors, if any, each provide, and cause their Subsidiaries to provide, concurrently therewith, that the Securities 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 Securities with the same relative priority as such Subordinated Indebtedness shall have with respect to the Securities.

Limitation on Liens Securing Indebtedness. The Issuers Company and the Guarantors, if any, will Guarantors shall not, and will not neither the Company nor the Guarantors shall permit any of their respective Subsidiaries to, individually or collectively, 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 the this Indenture or upon any income or profits therefrom securing any Indebtedness of the Issuers, the Guarantors, if any, or any of their Subsidiaries other than Senior Debttherefrom, unless the Issuers and Guarantors, if any, each provideCompany provides, and cause their causes its Subsidiaries to provide, concurrently therewith, that the Securities Notes and the applicable Guarantees are equally and ratably so secured; provided, provided that, that if such Indebtedness is Subordinated Indebtedness, the Lien securing such Subordinated Indebtedness shall be contractually subordinate and junior to the Lien securing the Securities Notes (and any related applicable Guarantees) with the same relative priority as such Subordinated Indebtedness shall have with respect to the SecuritiesNotes (and any related applicable Guarantees).

Limitation on Liens Securing Indebtedness. The Issuers Company and the Guarantors, if any, will Guarantors shall not, and will shall not permit any of their Subsidiaries to, individually or collectively, 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 the this Indenture or upon any income or profits therefrom securing any Indebtedness of the Issuers, the Guarantors, if any, Company or any of their Subsidiaries Subsidiary other than Senior Debt, unless the Issuers Company and Guarantors, if any, each provideof the Guarantors provides, and cause causes their Subsidiaries to provide, concurrently therewith, that the Securities 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 Securities with the same relative priority as such Subordinated Indebtedness shall have with respect to the Securities.

Limitation on Liens Securing Indebtedness. The Issuers and the Guarantors, if any, Guarantors will not, and will not permit any of their Subsidiaries to, individually or collectively, 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 the Indenture or upon any income or profits therefrom securing any Indebtedness of the Issuers, the Guarantors, if any, Guarantors or any of their Subsidiaries other than Senior Debt, unless the Issuers and Guarantors, if any, Guarantors each provide, and cause their Subsidiaries to provide, concurrently therewith, that the Securities Notes 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 Securities Notes with the same relative priority as such Subordinated Indebtedness shall have with respect to the SecuritiesNotes.

Limitation on Liens Securing Indebtedness. The Issuers and the Guarantors, if any, Company will not, and will not permit any of their Restricted Subsidiaries to, individually or collectively, create, incur, assume or suffer to exist any Lien of any kind, Liens (other than Permitted Liens, ) upon any of their respective assets now owned or acquired on or after the date of the Indenture or upon any income or profits therefrom properties securing (i) any Indebtedness of the Issuers, the Guarantors, if any, or any of their Subsidiaries Company (other than Senior DebtIndebtedness of the Company), unless the Issuers and Guarantors, if any, each provide, and cause their Subsidiaries to provide, concurrently therewith, that the Securities Notes are equally and ratably so secured or (ii) any Indebtedness of any Subsidiary Guarantor (other than Senior Indebtedness of such Subsidiary Guarantor), unless the Guarantees of such Subsidiary Guarantors are equally and ratably secured; provided, provided thathowever, that if such Indebtedness is Subordinated Indebtednessexpressly subordinated to the Notes or the Guarantees, the Lien securing such Subordinated Indebtedness shall will be subordinate subordinated and junior to the Lien securing the Securities Notes or the Guarantees, with the same relative priority as such Subordinated subordinated Indebtedness shall of the Company or a Subsidiary Guarantor will have with respect to the SecuritiesNotes or the Guarantees, as the case may be.

Limitation on Liens Securing Indebtedness. The Issuers and the Guarantors, if any, will not, and will not permit any of their Subsidiaries to, individually or collectively, 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 the Indenture or upon any income or profits therefrom securing any Indebtedness of the Issuers, the Guarantors, if any, or any of their Subsidiaries other than Senior Debt, unless the Issuers and Guarantors, if any, each provide, and cause their Subsidiaries to provide, concurrently therewith, that the Securities are equally and ratably so secured, provided PROVIDED that, if such Indebtedness is Subordinated Indebtedness, the Lien securing such Subordinated Indebtedness shall be subordinate and junior to the Lien securing the Securities with the same relative priority as such Subordinated Indebtedness shall have with respect to the Securities.

Limitation on Liens Securing Indebtedness. The Issuers Issuer and the Guarantors, if any, Guarantors will not, and will not permit any of their Subsidiaries to, individually or collectively, 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 the this Indenture or upon any income or profits therefrom securing any Indebtedness of the IssuersIssuer, the Guarantors, if any, Guarantors or any of their Subsidiaries other than Senior Debt, unless the Issuers Issuer and Guarantors, if any, Guarantors each provide, and cause their Subsidiaries to provide, concurrently therewith, that the Securities 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 Securities with the same relative priority as such Subordinated Indebtedness shall have with respect to the Securities.

Limitation on Liens Securing Indebtedness. The Issuers and the Guarantors, if any, will not, and will not permit any of their Subsidiaries to, individually or collectively, 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 the this Indenture or upon any income or profits therefrom securing any Indebtedness of the Issuers, the Guarantors, if any, or any of their Subsidiaries other than Senior Debt, unless the Issuers and Guarantors, if any, each provide, and cause their Subsidiaries to provide, concurrently therewith, that the Securities 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 Securities with the same relative priority as such Subordinated Indebtedness shall have with respect to the Securities.