Common use of Indebtedness of the U Clause in Contracts

Indebtedness of the U. S. Borrower to any Subsidiary and of any Subsidiary to the U.S. Borrower or any other Subsidiary; provided that (i) Indebtedness of any Subsidiary that is not a Subsidiary Loan Party to the Loan Parties shall be subject to Section 6.04(b) and (ii) Indebtedness of any Borrower to any Subsidiary and Indebtedness of any other Loan Party to any Subsidiary that is not a Subsidiary Loan Party shall be subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent;

Appears in 3 contracts

Samples: Credit Agreement (Hexion Specialty Chemicals, Inc.), Foreign Guarantee Agreement (Hexion Specialty Chemicals, Inc.), Credit Agreement (Hexion Specialty Chemicals, Inc.)

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Indebtedness of the U. S. Borrower to any Subsidiary and of any Subsidiary to the U.S. Borrower or any other Subsidiary; provided that (i) Indebtedness of any Subsidiary that is not a Subsidiary Loan Party owing to the Loan Parties shall be subject to Section 6.04(b) and (ii) Indebtedness of any Borrower to any Subsidiary and Indebtedness of any other Loan Party owing to any Subsidiary that is not a Subsidiary Loan Party shall be subordinated to the Loan Document Obligations and the Guarantees of Loan Document Obligations on terms reasonably satisfactory to the Administrative Agent;

Appears in 1 contract

Samples: Asset Based Revolving Credit Agreement (Hexion Inc.)

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Indebtedness of the U. S. Borrower to Holdings or any Subsidiary and of any Subsidiary to Holdings, the U.S. Borrower or any other Subsidiary; provided provided, that (i) the Indebtedness of any Subsidiary that is not a Subsidiary Loan Party to the Loan Parties shall be subject to Section 6.04(b7.04(b) and (ii) Indebtedness of any the U.S. Borrower to Holdings or any Subsidiary and Indebtedness of any other Loan Party to Holdings or any Subsidiary that is not a Subsidiary Loan Party shall be subordinated to the DIP Term Credit Obligations on terms reasonably satisfactory to the Administrative AgentAgent and the Required Lenders;

Appears in 1 contract

Samples: Loan Credit Agreement (Noranda Aluminum Holding CORP)

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