Permitted Litigation Indebtedness

Permitted Litigation Indebtedness. Means Indebtedness which is solely collateralized by and solely recourse to the Existing Commercial Tort Claim and which is substantially on the terms set forth in that certain term sheet which was dated June 27, 2023 by the Borrower and dated July 10, 2023 by the proposed lender, a copy of which has been provided to the Secured Party prior to the date hereof.