Limitation on Layering. The Company shall not incur any Indebtedness if such Indebtedness is subordinate or junior in ranking in any respect to any Senior Indebtedness unless such Indebtedness is Senior Subordinated Indebtedness or is contractually subordinated in right of payment to all Senior Subordinated Indebtedness (including the Securities).
Appears in 4 contracts
Sources: Indenture (Lin Television Corp), Indenture (Lin Television Corp), Indenture (Homco Puerto Rico Inc)
Limitation on Layering. The Notwithstanding the provisions of ---------------------- Section 4.4, the Company shall not incur Incur any Indebtedness if such Indebtedness is subordinate or junior in ranking right of payment in any respect to any Senior Indebtedness unless such Indebtedness is Senior Subordinated Indebtedness or is contractually subordinated in right of payment to all Senior Subordinated Indebtedness (including the Securities)Indebtedness.
Appears in 3 contracts
Sources: Indenture (Cybernet Internet Services International Inc), Indenture (Cybernet Internet Services International Inc), Indenture (Cybernet Internet Services International Inc)
Limitation on Layering. The Company shall will not incur any Indebtedness if such Indebtedness is subordinate or junior in ranking in any respect to any Senior Indebtedness Debt unless such Indebtedness is Senior Subordinated Indebtedness Pari Passu Debt or is contractually subordinated in right of payment to all Senior Subordinated Pari Passu Debt; provided, however, that no Indebtedness (including of the Securities)Company shall be deemed to be subordinated or junior in ranking in right of payment to any other Indebtedness of the Company solely by virtue of being unsecured.
Appears in 2 contracts
Sources: Euro Indenture (JSG Acquisitions I), Dollar Indenture (JSG Acquisitions I)
Limitation on Layering. The Company shall will not incur any Indebtedness if such Indebtedness is subordinate or junior in ranking in any respect to any Senior Indebtedness unless such Indebtedness is Senior Subordinated Indebtedness or is contractually subordinated in right of payment to all Senior Subordinated Indebtedness (including the SecuritiesNotes).
Appears in 2 contracts
Sources: Indenture (STC Broadcasting Inc), Indenture (Regal Cinemas Inc)
Limitation on Layering. The Company shall will not incur any Indebtedness if such Indebtedness is subordinate or junior in ranking in any respect to any Senior Indebtedness unless such Indebtedness is Senior Subordinated Indebtedness or is contractually subordinated in right of payment to all Senior Subordinated Indebtedness (including the Securities).
Appears in 1 contract
Limitation on Layering. The Company shall will not incur any Indebtedness if such Indebtedness is subordinate or junior in ranking in any respect to any Senior Indebtedness unless such Indebtedness is Senior Subordinated Indebtedness or is contractually subordinated in right of payment to all Senior Subordinated Indebtedness (including the SecuritiesDebentures).
Appears in 1 contract
Sources: Indenture (Regal Cinemas Inc)