No other Borrowed Money. it will not, and will procure that no member of the Group will, incur or permit to exist on its behalf any obligations in respect of Borrowed Money (excluding any guarantees, indemnities or other forms of assurance against financial loss in respect of Borrowed Money, which are referred to in clause 11.1(d) below) to any person except: (ii) the Loan Notes; (iii) Borrowed Money owed by any member of the Group to another member of the Group; (iv) Borrowed Money incurred under the hedge transactions entered into pursuant to clause 10.2(f) and/or clause (n) of Schedule 3, Part A;
Appears in 2 contracts
Samples: Facilities Agreement (Texas Utilities Co /Tx/), Facilities Agreement (Tu Acquisitions PLC)