Common use of Restriction on Secured Debt Clause in Contracts

Restriction on Secured Debt. The Company will not, nor will it permit any of its Subsidiaries to, incur, issue, assume or guarantee any Debt secured by a Lien on any of its or any Subsidiary’s Principal Property, or on any share of capital stock or Debt of any Subsidiary, unless the Company secures or causes such Subsidiary to secure the Notes equally and ratably with (or, at the Company’s option, prior to) such secured Debt, for so long as such secured Debt is so secured; provided, however, that the foregoing restrictions will not apply to Debt secured by the following:

Restriction on Secured Debt. The Neither the Company will not, nor will it permit any of its Subsidiaries to, Subsidiary shall incur, issue, assume or guarantee any Debt secured by a Lien on any Principal Property of its the Company or any Subsidiary’s Principal Property, Subsidiary or on any share shares of capital stock of or Debt of any Subsidiary, unless the Company secures or causes such Subsidiary to secure without effectively providing that the Notes shall be secured equally and ratably with (or, at the option of the Company’s option, prior to) such secured Debt, for so long as such secured Debt is so secured; provided, however, that the foregoing restrictions will this limitation shall not apply to Debt secured by the followingto: