Common use of Limitations on Layering Debt Clause in Contracts

Limitations on Layering Debt. The Company will not, and will not permit any Subsidiary Guarantor to, incur any Indebtedness that is subordinate or junior in right of payment to any Senior Indebtedness of the Company or such Subsidiary Guarantor unless such Indebtedness by its terms is pari passu with, or subordinated to, the Notes or the Note Guarantee of such Subsidiary Guarantor, as the case may be.

Limitations on Layering Debt. The Neither the Company nor any Guarantor will not, and will not permit any Subsidiary Guarantor to, incur any Indebtedness that is subordinate or junior in right of payment to any Senior Indebtedness of the Company or such Subsidiary Guarantor Guarantor, as the case may be, unless such Indebtedness by its terms is pari passu with, or subordinated to, the Notes or the Note Guarantee of such Subsidiary Guarantor, as the case may be.. 50

Limitations on Layering Debt. The Neither the Company nor any Guarantor will not, and will not permit any Subsidiary Guarantor to, incur any Indebtedness that is subordinate or junior in right of payment to any Senior Indebtedness of the Company or such Subsidiary Guarantor Guarantor, as the case may be, unless such Indebtedness by its terms is pari passu with, or subordinated to, the Notes or the Note Guarantee of such Subsidiary Guarantor, as the case may be.

Limitations on Layering Debt. The Neither the Company nor any Guarantor will not, and will not permit any Subsidiary Guarantor to, incur any Indebtedness that is subordinate or junior in right of payment to any Senior Indebtedness of the Company or such Subsidiary Guarantor Guarantor, as the case may be, unless such Indebtedness by its terms is pari passu with, or subordinated to, the Term Loans and Term Notes or the Note Guarantee of such Subsidiary Guarantor, as the case may be.