No Layering. The Company will not, and will not permit any Guarantor to, Incur or suffer to exist Indebtedness that is senior in right of payment to the Senior Subordinated Securities or such Guarantor's Subsidiary Guarantee, as the case may be, and subordinated in right of payment to any other Indebtedness of the Company or such Guarantor's Subsidiary Guarantee, as the case may be.
Appears in 2 contracts
Sources: Indenture (Cadmus Communications Corp/New), Indenture (Cadmus Communications Corp/New)