Limitation on Other Senior Subordinated Indebtedness. The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, incur, contingently or otherwise, any Indebtedness that is both (i) subordinate in right of payment to any Senior Indebtedness of the Company or its Restricted Subsidiaries, as the case may be, and (ii) senior in right of payment to the Notes and the Guarantees, as the case may be. For purposes of this covenant, Indebtedness is deemed to be senior in right of payment to the Notes and the Guarantees, as the case may be, if it is not explicitly subordinate in right of payment to Senior Indebtedness at least to the same extent as the Notes and the Guarantees, as the case may be, are subordinate to Senior Indebtedness.
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Limitation on Other Senior Subordinated Indebtedness. The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, incur, contingently or otherwise, any Indebtedness (other than the Notes and the Guarantees, as the case may be) that is both (i) subordinate subordinated in right of payment to any Senior Indebtedness of the Company or any of its Restricted Subsidiaries, as the case may be, and (ii) senior in right of payment to the Notes and the Guarantees, as the case may be. For purposes of this covenantSection 4.12, Indebtedness is deemed to be senior in right of payment to the Notes and or the Guarantees, as the case may be, if it is not explicitly subordinate subordinated in right of payment to Senior Indebtedness at least to the same extent as the Notes and the Guarantees, as the case may be, are subordinate subordinated to such Senior Indebtedness.
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Samples: Indenture (Buslease Inc /New/)
Limitation on Other Senior Subordinated Indebtedness. The Company will shall not, and will shall not permit any of its Restricted Subsidiaries to, directly or indirectly, incur, contingently or otherwise, any Indebtedness that is both (i) subordinate in right of payment to any Senior Indebtedness of the Company or any of its Restricted Subsidiaries, as the case may be, and (ii) senior in right of payment to the Notes and the Guarantees, as the case may be. For purposes of this covenantSection 4.21, Indebtedness is deemed to be senior in right of payment to the Notes and or the Guarantees, as the case may be, if it is not explicitly subordinate in right of payment to Senior Indebtedness at least to the same extent as the Notes and the Guarantees, as the case may be, are subordinate subordinated to Senior Indebtedness.
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Samples: Indenture (Sandhills Inc)
Limitation on Other Senior Subordinated Indebtedness. The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, incur, contingently or otherwise, any Indebtedness (other than the Notes and the Guarantees, as the case may be) that is both (i) subordinate subordinated in right of payment to any Senior Indebtedness Debt of the Company or any of its Restricted Subsidiaries, as the case may be, and (ii) senior in right of payment to the Notes and the Guarantees, as the case may be. For purposes of this covenantSection 4.12, Indebtedness is deemed to be senior in right of payment to the Notes and or the Guarantees, as the case may be, if it is not explicitly subordinate subordinated in right of payment to Senior Indebtedness Debt at least to the same extent as the Notes and the Guarantees, as the case may be, are subordinate subordinated to such Senior IndebtednessDebt.
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Samples: Indenture (Ifco Systems Nv)
Limitation on Other Senior Subordinated Indebtedness. The Company will shall not, and will shall not cause or permit any of its Restricted Subsidiaries Subsidiary to, directly or indirectly, incur, contingently or otherwise, any Indebtedness (other than the Notes and the Guarantees, as the case may be) that is both (i) subordinate subordinated in right of payment to any Senior Indebtedness of the Company or any of its Restricted Subsidiaries, as the case may be, and (ii) senior in right of payment to the Notes and the Guarantees, as the case may be. For purposes of this covenantSection 4.07, Indebtedness is deemed to be senior in right of payment to the Notes and or the Guarantees, as the case may be, if it is not explicitly subordinate subordinated in right of payment to Senior Indebtedness at least to the same extent as the Notes and the Guarantees, as the case may be, are subordinate subordinated to such Senior Indebtedness.
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Samples: Indenture (Oglebay Norton Co /New/)