Limitation on Other Subordinated Indebtedness. The Company shall not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is expressly by its terms subordinate or junior in right of payment to any Senior Indebtedness and senior in any respect in right of payment to the Securities.
Limitation on Other Subordinated Indebtedness. Neither Publishing nor any Restricted Subsidiary Guarantor will Incur or permit to exist any Indebtedness (other than the Securities or a Guarantee thereof pursuant to this Indenture, as applicable) that is subordinate in right of payment to any Senior Indebtedness of Publishing (or such Guarantor) unless such Indebtedness is also pari passu with, or subordinate in right of payment to, the Securities or the Guarantee of such Guarantor, as the case may be. For purposes of this covenant, Indebtedness will be deemed to be pari passu with the Securities or such Guarantee if it is subordinate to Senior Indebtedness of Publishing or the relevant Guarantee pursuant to subordination provisions substantially similar to those described in Section 12.01.
Limitation on Other Subordinated Indebtedness. The Company will not Incur any Indebtedness that is both subordinate in right of payment to any Senior Indebtedness and senior in right of payment to the Notes, and no Guarantor will Incur any Indebtedness that is both subordinate in right of payment to any Guarantor Senior Indebtedness of such Guarantor and senior in right of payment to such Guarantor's Guarantee of the Notes.
Limitation on Other Subordinated Indebtedness. The Company shall not permit either Issuer to Incur any Indebtedness that is expressly subordinated in right of payment to any Senior Indebtedness of such Issuer, unless such Indebtedness so Incurred ranks pari passu in right of payment with, or is subordinated in right of payment to, such Issuer's Indebtedness with respect to the Notes. The Company shall not Incur any Indebtedness that is expressly subordinated in right of payment to any Senior Indebtedness of the Company, unless such Indebtedness so Incurred ranks pari passu in right of payment with the Company's Note Guarantee, or is subordinated in right of payment to the Company's Note Guarantee. The Company shall not permit any Subsidiary Guarantor to Incur any Indebtedness that is expressly subordinated in right of payment to any Senior Indebtedness of such Subsidiary Guarantor, unless such Indebtedness so Incurred ranks pari passu in right of payment with such Subsidiary Guarantor's Subsidiary Guarantee, or is subordinated in right of payment to such Subsidiary Guarantee. Unsecured Indebtedness shall not be deemed to be subordinate or junior to secured Indebtedness merely because it is unsecured, and Indebtedness that is not guaranteed by a particular Person shall not be deemed to be subordinate or junior to Indebtedness that is so guaranteed merely because it is not so guaranteed.
Limitation on Other Subordinated Indebtedness. The Company will not create, incur, assume, guarantee or in any other manner become liable with respect to any Indebtedness that is subordinate in right of payment to any Senior Indebtedness unless such Indebtedness is also pari passu with, or subordinate in right of payment to, the Bonds.
Limitation on Other 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 or Guarantees, as the case may be) that is both (i) expressly 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 or Guarantees, as the case may be. Unsecured Indebtedness is not deemed to be subordinate or junior to secured Indebtedness merely because it is unsecured and Indebtedness that is not guaranteed by a particular Person is not deemed to be subordinate or junior to Indebtedness that is so guaranteed merely because it is not so guaranteed. For purposes of this Section 4.07, Indebtedness is deemed to be senior in right of payment to the Notes if it is not explicitly subordinated in right of payment to Senior Indebtedness at least to the same extent as the Notes are subordinated to such Senior Indebtedness.
Limitation on Other Subordinated Indebtedness. Except for the Senior Subordinated Indebtedness, neither the Parent nor any of the Companies will incur or otherwise permit to exist, and the Companies will not permit any of their respective Restricted Subsidiaries to incur or otherwise permit to exist, any Indebtedness that is subordinate in right of payment to any of its senior Indebtedness unless such Indebtedness is also subordinate in right of payment to the Notes or its Subsidiary Guaranty, as the case may be, to at least the same extent as the Notes or such Subsidiary Guaranty are subordinate in right of payment to such senior Indebtedness of such Credit Party or such Restricted Subsidiary, as the case may be, as set forth in the applicable Intercreditor Agreement.
Limitation on Other Subordinated Indebtedness. Subject to Section 4.8, the Association shall not incur or suffer or permit to exist any Indebtedness that is by its terms subordinated in right of payment to Senior Indebtedness and senior in right of payment to the Notes, as provided in Section 2.4(a).
Limitation on Other Subordinated Indebtedness. Subject to Section 6.10, the Bank shall not incur or suffer or permit to exist any Indebtedness that is by its terms subordinated in right of payment to Senior Indebtedness and senior in right of payment to the Debentures.
Limitation on Other Subordinated Indebtedness. Neither the Company nor any Restricted Subsidiary shall incur, create, assume, guarantee or in any other manner become directly or indirectly liable with respect to or responsible for, or permit to remain outstanding, any Indebtedness, other than the Exchange Debentures, that is subordinate or junior in right of payment to any Senior Subordinated Indebtedness unless such Indebtedness is also pari passu with, or subordinate in right of payment to, the Exchange Debentures pursuant to subordination provisions substantially similar to those contained in this Exchange Indenture.
