Common use of RESTRICTIONS UPON LIENS UPON PROPERTY OF THE COMPANY AND RESTRICTED SUBSIDIARIES Clause in Contracts

RESTRICTIONS UPON LIENS UPON PROPERTY OF THE COMPANY AND RESTRICTED SUBSIDIARIES. The Company will not at any time directly or indirectly, and will not permit any Restricted Subsidiary to, create, assume, incur or suffer to be created, assumed or incurred or to exist any Lien upon any of the properties of any character of the Company or any Restricted Subsidiary without making effective provision whereby the Securities then outstanding shall be secured equally and ratably with (or prior to) any other obligation or indebtedness so secured, so long as such other obligation or indebtedness remains secured; EXCEPT, HOWEVER, that, notwithstanding the foregoing, the Company or any Restricted Subsidiary, without so securing the Securities, may

RESTRICTIONS UPON LIENS UPON PROPERTY OF THE COMPANY AND RESTRICTED SUBSIDIARIES. The Company will not at any time directly or indirectly, and will not permit any Restricted Subsidiary to, create, assume, incur or suffer to be created, assumed or incurred or to exist any Lien upon any of the properties of any character of the Company or any Restricted Subsidiary without making effective provision whereby the Securities then outstanding shall be secured equally and ratably with (or prior to) any other obligation or indebtedness so secured, so long as such other obligation or indebtedness remains secured; EXCEPTexcept, HOWEVERhowever, that, notwithstanding the foregoing, the Company or any Restricted Subsidiary, without so securing the Securities, may