Common use of Limitation on Senior Subordinated Debt Clause in Contracts

Limitation on Senior Subordinated Debt. The Company will not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Senior Debt of the Company and senior in any respect in right of payment to the Notes. No Guarantor will incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to the Senior Debt of such Guarantor and senior in any respect in right of payment to such Guarantor's Subsidiary Guarantee.

Limitation on Senior Subordinated Debt. The Company will shall not incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Senior Debt of the Company and senior in any respect in right of payment to the Notes. No Guarantor will shall incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to the Senior Debt of such Guarantor and senior in any respect in right of payment to such Guarantor's Subsidiary Note Guarantee.

Limitation on Senior Subordinated Debt. The Company will not incur, create, issue, assume, guarantee or otherwise become liable for incur any Indebtedness that is subordinate or junior in right of payment to any Senior Debt of the Company and senior in any respect unless it is pari passu or subordinate in right of payment to the Notes. No Subsidiary Guarantor will incur, create, issue, assume, guarantee or otherwise become liable for incur any Indebtedness that is subordinate or junior in right of payment to the Senior Debt of such Subsidiary Guarantor and senior in any respect unless it is pari passu or subordinate in right of payment to such Subsidiary Guarantor's ’s Subsidiary Guarantee.

Limitation on Senior Subordinated Debt. The Company will shall not incur, create, issue, assume, guarantee or otherwise become liable for incur any Indebtedness that is subordinate or junior in right of payment to any Senior Debt of the Company and senior in any respect unless it is pari passu or subordinate in right of payment to the NotesNotes to the same extent. No Guarantor will incur, create, issue, assume, guarantee or otherwise become liable for shall incur any Indebtedness that is subordinate or junior in right of payment to the Senior Debt of such Guarantor and senior in any respect unless it is pari passu or subordinate in right of payment to such Guarantor's Subsidiary Guarantee’s Note Guarantee to the same extent.

Limitation on Senior Subordinated Debt. The Company will not not, directly or indirectly, incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Senior Debt of the Company and senior in any respect in right of payment to the Notes. No Guarantor will incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to the Senior Debt of such Guarantor and senior in any respect in right of payment to such Guarantor's Subsidiary Note Guarantee.