Certain Debt. (a) Reference is made to the Loan Agreement and to that certain Depository Agreement, of even date herewith, between CEDCO and First Trust National Association (the "Depository Agreement.") CEDCO hereby agrees with GELLC that during the term of this Lease it shall not incur nor permit the incurrence of any Debt except: (i) such Debt as is evidenced by the Bullet Note or the Monthly Installment Note; (ii) such additional Debt as is permitted under Section 6.36 (ii) (A), (B) or (C) of the Loan Agreement and Article V (f) or (g) of the Depository Agreement; (iii) such additional Debt as is permitted under Section 6.36 (ii) (D) of the Loan Agreement, provided that (I) such additional Debt ranks subordinate to all Rental Payments due under the Participating Lease, of even date herewith, between the parties, (II) such Debt would pass the test set forth in Article V (g) II (A) or (B) of the Depository Agreement if such test were a condition to the incurrence of such Debt; and (III) CEDCO executes and delivers such documents as may be necessary or appropriate to evidence the priority of the Rental Payments to such Debt and to certify that such Debt is permitted hereunder; and (iv) such additional Debt as GELLC may otherwise consent to in writing. (b) All terms used in this Section 48 but not otherwise defined in this Lease shall have the respective meanings set forth in the Loan Agreement. (c) All references to the Loan Agreement or the Depository Agreement in this Section 48 shall be to such agreements as in effect on the date thereof.
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Certain Debt. (a) Reference is made to the Loan Agreement and to that certain Depository Agreement, of even date herewith, between CEDCO and First Trust National Association (the "Depository Agreement.") CEDCO hereby agrees with GELLC that during the term of this the Lease it shall not incur nor permit the incurrence of any Debt except:
(i) such Debt as is evidenced by the Bullet Note or the Monthly Installment Note;
(ii) such additional Debt as is permitted under Section 6.36 (ii) (A), (B) or (C) of the Loan Agreement and Article V (fV(f) or (g) of the Depository Agreement;
(iii) such additional Debt as is permitted under Section 6.36 (ii) (D) of the Loan Agreement, provided that (I) such additional Debt ranks subordinate to all Rental Payments due under the Participating Lease, of even date herewith, between the partieshereunder, (II) such Debt would pass the test set forth in Article V (g) II (A) or (B) of the Depository Agreement if such test were a condition to the incurrence of such Debt; and (III) CEDCO executes and delivers such documents as may be necessary or appropriate to evidence the priority of the Rental Payments to such Debt and to certify that such Debt is permitted hereunder; and
(iv) such additional Debt as GELLC may otherwise consent to in writing.
(b) All terms used in this Section 48 50 but not otherwise defined in this Lease shall have the respective meanings set forth in the Loan Agreement.
(c) All references to the Loan Agreement or the Depository Agreement in this Section 48 50 shall be to such agreements as in effect on the date thereofhereof.
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