Common use of Permitted Secured Debt Clause in Contracts

Permitted Secured Debt. It refers to the indebtedness incurred for financing or credit operations, issuance of transferable securities or debt instruments and/or loans granted by any Permitted Creditor under any modality, the funds which are intended to comply with the Contract objective. The Permitted Secured Debt includes any renewal, rescheduling or refinancing of such debt, as set out in Clause 9.

Permitted Secured Debt. It refers to the indebtedness incurred for financing or credit operations, issuance of transferable securities or debt instruments and/or loans granted by any Permitted Creditor under any modality, the funds of which are intended to comply with the Contract objectivepurpose of the Contract. The Permitted Secured Debt includes any renewal, rescheduling or refinancing of such debt, as set out in Clause 9.