Common use of SPE Clause in Contracts

SPE. “incur” (and derivatives thereof) means to, directly or indirectly, create, incur, assume, issue, guarantee, extend the maturity of, or otherwise become liable with respect to any Indebtedness; provided, however, that neither the accrual of interest (whether such interest is payable in cash or kind) nor the accretion of original issue discount shall be considered an incurrence of Indebtedness.