Common use of Restriction on Creation of Secured Debt Clause in Contracts

Restriction on Creation of Secured Debt. The Company will not at any time create, assume or guarantee any Secured Debt and will not permit any Subsidiary at any time to create, assume or guarantee any Secured Debt without, in any such case, making, or causing such Subsidiary to make, effective provision (and the Company covenants that in such case it will make or cause to be made effective provision) whereby the Securities of any series then Outstanding and, if the Company shall so determine, any other indebtedness of or guaranteed by the Company or such relevant Subsidiary, subject to applicable priorities of payment, shall be secured by such mortgage, pledge, lien, security interest or encumbrance equally and ratably with any and all other obligations and indebtedness thereby secured, so long as any such other obligations and indebtedness shall be so secured; provided, however, that the foregoing covenants shall not be applicable to the following:

Restriction on Creation of Secured Debt. The So long as any of the Notes are outstanding, the Company will shall not at any time create, incur, assume or guarantee guarantee, and shall not cause, suffer or permit a Restricted Subsidiary to create, incur, assume or guarantee, any Secured Debt and will not permit any Subsidiary at any time to create, assume or guarantee any Secured Debt without, in any such case, making, or causing such Subsidiary to make, without making effective provision (and the Company covenants that in such case it will make or cause to be made such effective provision) whereby the Securities of any series Notes then Outstanding and, if the Company shall so determine, outstanding and any other indebtedness of or guaranteed by the Company or such relevant SubsidiaryRestricted Subsidiary then entitled thereto, subject to applicable priorities of payment, shall be secured by such mortgage, security interest, pledge, lien, security interest lien or encumbrance equally and ratably with any and all other obligations and indebtedness thereby secured, so long as any such other obligations and indebtedness shall be so secured; provided, however, that the foregoing covenants shall not be applicable to the following:

Restriction on Creation of Secured Debt. The So long as any of the Securities are outstanding, the Company will shall not at any time create, assume incur or guarantee assume, and shall not cause, suffer or permit a Restricted Subsidiary to create, incur or assume, any Secured Debt and will not permit any Subsidiary at any time to create, assume or guarantee any Secured Debt without, in any such case, making, or causing such Subsidiary to make, without making effective provision (and the Company covenants that in such case it will make or cause to be made such effective provision) whereby the Securities of any series then Outstanding and, if the Company shall so determine, outstanding and any other indebtedness of or guaranteed by the Company or such relevant SubsidiaryRestricted Subsidiary then entitled thereto, subject to applicable priorities of payment, shall be secured by such mortgage, security interest, pledge, lien, security interest lien or encumbrance equally and ratably with any and all other obligations and indebtedness thereby secured, so long as any such other obligations and indebtedness shall be so secured; provided, however, that the foregoing covenants shall not be applicable to the following: