medium · Debt Capital Markets primary-issuance-syndication

If a company buys a machine on January 1, by what date must it typically incur the debt and the lien to qualify for this exception in most indentures?

1. The debt and lien must be incurred on the very same day as the purchase.
2. Within a set window, such as 180 days, before or after the acquisition of the asset.
3. The lien must be created and perfected at least thirty days prior to closing the purchase.
4. There is effectively no deadline, as long as the acquired asset is eventually pledged as collateral.

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