Common use of Limitations on Layering Indebtedness Clause in Contracts

Limitations on Layering Indebtedness. The Company and the Guarantors shall not, and neither the Company nor the Guarantors shall permit any of their respective Subsidiaries to, directly or indirectly, incur any Indebtedness that is contractually subordinate to any of the Company's other Indebtedness or the other Indebtedness of any Guarantor unless, by its terms, such Indebtedness is made at least as contractually subordinate to the Notes or the Guarantees, as applicable.

Limitations on Layering Indebtedness. The Company and the Guarantors shall not, and neither the Company nor the Guarantors shall not permit any of their respective Subsidiaries to, directly or indirectly, incur incur, or suffer to exist any Indebtedness (other than the Securities) that is contractually subordinate in right of payment to any of the Company's other Indebtedness or the other Indebtedness of any the Company or a Guarantor unless, by its terms, such Indebtedness is made at least as contractually subordinate to in right of payment to, or ranks PARI PASSU with, the Notes Securities or the Guarantees, as applicable.

Limitations on Layering Indebtedness. The Company and the Guarantors shall not, and neither the Company nor the Guarantors shall not permit any of their respective Subsidiaries to, directly or indirectly, incur incur, or suffer to exist any Indebtedness (other than the Securities) that is contractually subordinate in right of payment to any of the Company's other Indebtedness or the other Indebtedness of any the Company or a Guarantor unless, by its terms, such Indebtedness is made at least as contractually subordinate to in right of payment to, or ranks pari passu with, the Notes Securities or the Guarantees, as applicable.

Limitations on Layering Indebtedness. The Company and the Guarantors shall not, and neither the Company nor the Guarantors shall not permit any of their respective Subsidiaries the Guarantors to, directly or indirectly, incur any Indebtedness that is contractually subordinate subordinated to any Indebtedness of the Company's other Indebtedness Company or the other Indebtedness of any Guarantor unless, by its terms, such unless the Indebtedness being incurred is made at least as contractually subordinate subordinated to the Notes or at least to the Guarantees, same extent as applicableit is to such other Indebtedness.

Limitations on Layering Indebtedness. The Company and the Guarantors shall not, and neither the Company nor the Guarantors shall not permit any of their respective Subsidiaries to, directly or indirectly, incur incur, or suffer to exist any Indebtedness that is contractually subordinate in right of payment to any of the Company's other Indebtedness or the other Indebtedness of any the Company or a Guarantor unless, by its terms, such Indebtedness is made at least as contractually subordinate to in right of payment to, or ranks pari passu with, the Notes or the Guarantees, as applicable.

Limitations on Layering Indebtedness. The Company and the Guarantors shall not, and neither the Company nor the Guarantors shall permit any of their respective Subsidiaries to, directly or indirectly, incur incur, or suffer to exist any Indebtedness that is contractually subordinate in right of payment to any of the Company's other Indebtedness or the any other Indebtedness of any a Guarantor unless, by its terms, such Indebtedness is made at least as contractually subordinate to in right of payment to, or ranks pari passu with, the Notes or the Guarantees, as applicable.