Common use of Restrictions on Debt Clause in Contracts

Restrictions on Debt. No Restricted Party shall create, incur, assume or permit the existence of any Debt, other than Permitted Debt; provided that prior to the CMMC Bond Repayment Date, CMMC Holdco shall not create, incur, assume or permit the existence of any Debt.

Appears in 4 contracts

Sources: Credit Agreement (Hudbay Minerals Inc.), Credit Agreement (Hudbay Minerals Inc.), Amending Agreement (Hudbay Minerals Inc.)