Common use of Prohibition on Incurrence of Senior Subordinated Debt Clause in Contracts

Prohibition on Incurrence of Senior Subordinated Debt. The Issuers and the Guarantors shall not incur or suffer to exist Indebtedness that is senior in right of payment by its terms to the Securities or any Guarantee and subordinate in right of payment by its terms to any other Indebtedness of such Issuers or such Guarantor, as the case may be.

Prohibition on Incurrence of Senior Subordinated Debt. The Issuers and Neither the Guarantors shall not Issuer nor any Guarantor will, directly or indirectly, incur or suffer to exist any Indebtedness (including Acquired Indebtedness) that is senior in right of payment by its terms to the Securities Notes or any Guarantee its Guarantee, as the case may be, and expressly subordinate in right of payment by its terms to any other Indebtedness of such Issuers the Issuer or such Guarantor, as the case may be.

Prohibition on Incurrence of Senior Subordinated Debt. The Issuers Issuer and the Guarantors Guarantors, shall not incur or suffer to exist Indebtedness that is senior in right of payment by its terms to the Securities or any Guarantee and subordinate in right of payment by its terms to any other Indebtedness of such Issuers the Issuer or such Guarantor, as the case may be.