Intercompany Indebtedness definition

Intercompany Indebtedness means Indebtedness of Company or any of their respective Subsidiaries which is owing to any member of such group.
Intercompany Indebtedness means Indebtedness owing by a Loan Party to another Loan Party.
Intercompany Indebtedness means Indebtedness to which the only parties are the Issuer, any of the Guarantors and any of their respective Subsidiaries (but only so long as such Indebtedness is held solely by any of the Issuer, any of the Guarantors and any of their respective Subsidiaries) that is subordinate in right of payment to the Securities.

Examples of Intercompany Indebtedness in a sentence

  • Each Borrower hereby subordinates all Intercompany Indebtedness that it may have from or against any other Borrower or other Loan Party, and any successor or assign of any other Borrower or other Loan Party, including, without limitation, any trustee, receiver or debtor-in-possession, howsoever arising, due or owing and whether heretofore, now or hereafter existing, to all of the Obligations of the other Borrower or the other Loan Parties owed to the Credit Parties.


More Definitions of Intercompany Indebtedness

Intercompany Indebtedness means any Indebtedness of a Credit Party (other than the Borrower) which (i) is owing to the Borrower or any other Credit Party and (ii) by its terms is specifically subordinated in right of payment to the prior payment of the obligations of the Credit Parties under this Credit Agreement and the other Credit Documents on terms and conditions reasonably satisfactory to the Required Lenders.
Intercompany Indebtedness means Indebtedness to which the only parties are the Issuer, the Corporation and any Subsidiary (but only so long as such Indebtedness is held solely by any of the Issuer, the Corporation and any Subsidiary) that is subordinate in right of payment to the Notes.
Intercompany Indebtedness means any Indebtedness owed by the Borrower or any Subsidiary to the Borrower or any Subsidiary.
Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.
Intercompany Indebtedness has the meaning assigned to such term in Section 10.9.
Intercompany Indebtedness has the meaning ascribed to in Section 12.5.
Intercompany Indebtedness shall have the meaning specified in Section 4.11.