Common use of Liens securing Indebtedness Clause in Contracts

Liens securing Indebtedness. Incurred to finance the construction, purchase or lease of, or repairs, improvements or additions to, property, plant or equipment of such Person; provided, however, that the Lien may not extend to any other property owned by such Person or any of its Restricted Subsidiaries at the time the Lien is Incurred (other than assets and property affixed or appurtenant thereto), and the Indebtedness (other than any interest thereon) secured by the Lien may not be Incurred more than 180 days after the later of the acquisition, completion of construction, repair, improvement, addition or commencement of full operation of the property subject to the Lien;

Appears in 2 contracts

Sources: Indenture (United States Steel Corp), Indenture (Usx Corp)

Liens securing Indebtedness. Incurred to finance the construction, purchase or lease of, or repairs, improvements or additions to, property, plant or equipment property of such PersonPerson (including Indebtedness Incurred under Section 6.01(b)(6)); provided, however, that the Lien may not extend to any other property (other than property related to the property being financed) owned by such Person or any of its Restricted Subsidiaries at the time the Lien is Incurred (other than assets and property affixed or appurtenant thereto)Incurred, and the Indebtedness (other than any interest thereon) secured by the Lien may not be Incurred more than 180 days after the later of the acquisition, completion of construction, repair, improvement, addition or commencement of full operation of the property subject to the Lien;

Appears in 1 contract

Sources: Second Lien Credit Agreement (Goodyear Tire & Rubber Co /Oh/)