Permitted Secured Debt definition

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.

• 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.

• Section 1.1 of the Credit Agreement is hereby amended by adding the words “or under a Permitted Secured Debt Document” after the words “Loan Document” in clauses (b) and (c) of the definition of “Change in Control”.

• NOTE: It is stated that compliance of all the applicable provisions of the Companies Act 2013, is the responsibility of the management our examination of test check basis was limited to the procedures followed by the company for ensuring the compliance with the provision.

More Definitions of Permitted Secured Debt

Permitted Secured Debt has the meaning specified in Section 707.

Permitted Secured Debt means Indebtedness (including Permitted Refinancing Indebtedness) of 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 in accordance with the term of the Intercreditor Agreement, (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 the date that is 91 days after the fifth anniversary of the Closing Date, 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 Company in good faith.

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 has the meaning set forth in Section 6.01(r).

Permitted Secured Debt the Indebtedness and other obligations under any Fixed Asset Facility.

Permitted Secured Debt has the meaning assigned to such term in the Indenture (as in effect on the date hereof); provided, that, for purposes of this Agreement, each reference in such defined term (or in any definitions used in such defined term) to the “Company” shall mean and be a reference to the Borrower or any of its Significant Subsidiaries (including, without limitation, San Xxxxxx).

Permitted Secured Debt at any time, means and includes any Permitted ---------------------- Debt Refinancing and any Additional Secured Debt then outstanding.