Permitted Secured Debt means, as of any particular time, any of the following:
Permitted Secured Debt means that Indebtedness which is the subject ---------------------- of a Lien and described as "Permitted Secured Debt" on Exhibit H set forth in --------- the Addendum.
Permitted Secured Debt means indebtedness of the Corporation and its Subsidiaries in an aggregate principal amount not to exceed the amount of indebtedness permitted to be secured by the terms the Revolving Credit Agreement and designated as “Permitted Secured Debt” by the Corporation to the Holders (it being understood that indebtedness incurred under the Revolving Credit Agreement shall be deemed to be “Permitted Secured Debt”).
Examples of Permitted Secured Debt in a sentence
Enter into any Hedging Agreement, except to hedge risks arising under the Loan Documents, the Permitted Secured Debt Documents, the Secured Incremental Equivalent Debt Documents or in the ordinary course of business and, in any case, not for speculative purposes.
Agent shall have received a certificate of a Responsible Officer of Loan Party Agent certifying copies of the material Permitted Secured Debt Documents to be executed on the Third Restatement Date attached thereto to be true, correct and complete copies thereof.
The execution of the Permitted Secured Debt contracts, without including the provisions indicated in Clause 9.6, or, having included them, the violation thereof.
The Permitted Secured Debt includes any renewal, rescheduling or refinancing of such debt, as set out in Clause 9.
The concept of Permitted Creditors is only applicable for the cases of Permitted Secured Debt.
More Definitions of Permitted Secured Debt
Permitted Secured Debt has the meaning specified in Section 707.
Permitted Secured Debt means, as of any particular time, any of the following:
(A) Class A Bonds and Securities issued prior to the Release Date;
(B) Secured Debt which matures less than one year from the date of the issuance or incurrence thereof and is not extendible at the option of the issuer; and any refundings, refinancings and/or replacements of any such Secured Debt by or with similar Secured Debt which matures less than one year from the date of such refunding, refinancing and/or replacement and is not extendible at the option of the issuer;
(C) Secured Debt secured by Purchase Money Liens or any other Liens existing or placed upon property at the time of, or within one hundred eighty (180) days after, the acquisition thereof by the Company, and any refundings, refinancings and/or replacements of any such Secured Debt; provided, however, that no such Purchase Money Lien or other Lien shall extend to or cover any property of the Company other than (i) the property so acquired and improvements, extensions and additions to such property and renewals, replacements and substitutions of or for such property or any part or parts thereof and (ii) with respect to Purchase Money Liens, other property subsequently acquired by the Company;
(D) Secured Debt relating to governmental obligations the interest on which is not included in gross income for purpose of federal income taxation pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (or any successor provision of law), for the purpose of financing or refinancing, in whole or in part, costs of acquisition or construction of property to be used by the Company, to the extent that the Lien which secures such Secured Debt is required either by applicable law or by the issuer of such governmental obligations or is otherwise necessary in order to establish or maintain such exclusion from gross income; and any refundings, refinancings and/or replacements of any such Secured Debt by or with similar Secured Debt;
(E) Secured Debt (i) which is related to the construction or acquisition of property not previously owned by the Company or (ii) which is related to the financing of a project involving the development or expansion of property of the Company and (iii) in either case, the obligee in respect of which has no recourse to the Company or any property of the Company other than the property constructed or acquired with the proceeds of such transaction or the project financed with the proceeds of such transaction (or t...
Permitted Secured Debt has the meaning set forth in Section 6.01(r).
Permitted Secured Debt means, with respect to the Borrower or the Subsidiaries, any Secured Debt of the Borrower or the Subsidiaries that:
Permitted Secured Debt the Indebtedness and other obligations under any Fixed Asset Facility.
Permitted Secured Debt means Indebtedness (including Permitted Refinancing Indebtedness) of the Company, Xxxxx-Xxxxxxxx or one or more of the Subsidiary Guarantors having the following characteristics: (v) no collateral (other than all or any portion of the Collateral granted pursuant to the Domestic Collateral Documents) shall secure such Indebtedness and the Liens on the Collateral, if any, shall rank subordinate to or pari passu with the Liens securing the Obligations, (w) such Indebtedness shall not have any scheduled payment of principal, mandatory prepayment, mandatory redemption or sinking fund payment in excess of 1% of the outstanding principal amount per year prior to April 22, 2021, except for provisions requiring any permitted obligor referred to above to repurchase all or a portion of Permitted Secured Debt from the holders thereof upon the occurrence of a “change of control” or following an “asset sale” (such terms to be defined in documentation governing such Permitted Secured Debt), (y) the Net Proceeds of such Indebtedness shall be applied as required by Section 4.4(e) and (z) such Indebtedness is at then-prevailing market terms and conditions, in each case, determined by the Company in good faith.
Permitted Secured Debt has the meaning set forth in Section 4(b)(x)(B) of this Guaranty.