Common use of Limitation on Senior Subordinated Indebtedness Clause in Contracts

Limitation on Senior Subordinated Indebtedness. (a) The Issuers shall not, directly or indirectly, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities and expressly rank subordinate in right of payment to any Senior Indebtedness. (b) The Company shall not permit any Subsidiary Guarantor to and no Subsidiary Guarantor will, directly or indirectly, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Subsidiary Guarantee of such Subsidiary Guarantor and expressly rank subordinate in right of payment to any Guarantor Senior Indebtedness of such Subsidiary Guarantor.

Limitation on Senior Subordinated Indebtedness. (a) The Issuers ---------------------------------------------- Borrower shall not, directly or indirectly, Incur incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities Loans and expressly rank subordinate in right of payment to any Senior Indebtedness. (b) other Indebtedness of the Borrower. The Company Borrower shall not permit any Subsidiary Guarantor to to, and no Subsidiary Guarantor willshall, directly or indirectly, Incur incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Subsidiary Guarantee of such Subsidiary Guarantor and expressly rank subordinate in right of payment to any Guarantor Senior Indebtedness of such Subsidiary Guarantor.

Limitation on Senior Subordinated Indebtedness. (a) The Issuers Company shall not, directly or indirectly, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities and expressly rank subordinate in right of payment to any Senior Indebtedness. (b) The Company shall not permit any Subsidiary Guarantor to to, and no Subsidiary Guarantor willshall, directly or indirectly, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Subsidiary Guarantee Guaranty of such Subsidiary Guarantor and expressly rank subordinate in right of payment to any Guarantor Senior Indebtedness of such Subsidiary Guarantor.

Limitation on Senior Subordinated Indebtedness. (a) The Issuers Issuer shall not, directly or indirectly, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Securities and expressly rank subordinate in right of payment to any Senior Indebtedness. (b) The Company Issuer shall not permit any Subsidiary Guarantor to and no Subsidiary Guarantor will, directly or indirectly, Incur any Indebtedness that by its terms would expressly rank senior in right of payment to the Subsidiary Guarantee of such Subsidiary Guarantor and expressly rank subordinate in right of payment to any Senior Guarantor Senior Indebtedness of such Subsidiary Guarantor.