Common use of Borrowed Clause in Contracts

Borrowed. Money to the extent secured by a Security Interest permitted by paragraphs (c) (d) (e) (f) and (l) of the definition of Permitted Security Interest, but only for so long as such Security Interest remains a Permitted Security Interest;

Appears in 2 contracts

Sources: Facilities Agreement (Texas Utilities Co /Tx/), Facilities Agreement (Tu Acquisitions PLC)