Common use of Limitation on Senior Subordinated Debt Clause in Contracts

Limitation on Senior Subordinated Debt. The Company will not, directly or indirectly, become liable, contingently or otherwise, with respect to any Debt that is subordinated or junior in right of payment to any Senior Debt of the Company and senior in right of payment to the Notes.

Limitation on Senior Subordinated Debt. (a) The Company will notshall not incur, directly create, issue, assume, guarantee or indirectly, otherwise become liable, contingently or otherwise, with respect to liable for any Debt Indebtedness that is subordinated subordinate or junior in right of payment to any Senior Debt of the Company Indebtedness and senior in any respect in right of payment to the Notes.