Common use of Instruments Evidencing Intercompany Indebtedness Clause in Contracts

Instruments Evidencing Intercompany Indebtedness. Each Company shall cause each instrument which now or hereafter evidences all or a portion of the Intercompany Indebtedness to be conspicuously marked as follows: "This instrument is subject to the terms of an Intercompany Subordination Agreement dated as of ___________ __, 2001 in favor of NATIONAL CITY BANK, as Administrative Agent for the Banks referred to therein, which Intercompany Subordination Agreement is incorporated herein by reference. Notwithstanding any contrary statement contained in the within instrument, no payment on account of the principal thereof or interest thereon shall become due or payable except in accordance with the express terms of said Intercompany Subordination Agreement." Each Company will further mark xxx books of account in such a manner as shall be effective to give proper notice to the effect of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

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Instruments Evidencing Intercompany Indebtedness. Each Company shall cause each instrument which now or hereafter evidences all or a portion of the Intercompany Indebtedness to be conspicuously marked as followsEACH COMPANY SHALL CAUSE EACH INSTRUMENT WHICH NOW OR HEREAFTER EVIDENCES ALL OR A PORTION OF THE INTERCOMPANY INDEBTEDNESS TO BE CONSPICUOUSLY MARKED AS FOLLOWS: "This instrument is subject to the terms of an that certain Intercompany Subordination Agreement dated as of ___________ __November 16, 2001 2012 in favor of NATIONAL CITY BANKPNC Bank, National Association, as Administrative Agent administrative agent for the Banks Lenders referred to therein, which Intercompany Subordination Agreement is incorporated herein by reference. Notwithstanding any contrary statement contained in the within instrument, no payment on account of the principal thereof or interest thereon shall become due or payable except in accordance with the express terms of said the Intercompany Subordination Agreement." Each Company will further mark xxx books of account xxxx its internal records in such a manner as shall be effective to give proper notice to the effect of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Ii-Vi Inc)

Instruments Evidencing Intercompany Indebtedness. Each Company shall cause each instrument which now or hereafter evidences all or a portion of the Intercompany Indebtedness to be conspicuously marked as follows: "This instrument is subject to the terms of an that certain Intercompany Subordination Agreement dated as of ___________ __May 2, 2001 2011, in favor of PNC BANK, NATIONAL CITY BANKASSOCIATION, as Administrative Agent for the Banks Lenders referred to therein, which Intercompany Subordination Agreement is incorporated herein by reference. Notwithstanding any contrary statement contained in the within instrument, no payment on account of the principal thereof or interest thereon shall become due or payable except in accordance with the express terms of said the Intercompany Subordination Agreement." Each Company will further mark xxx books of account xxxx its internal records in such a manner as shall be effective to give proper notice to the effect of this Agreement.

Appears in 1 contract

Samples: Revolving Credit Facility (Foster L B Co)

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Instruments Evidencing Intercompany Indebtedness. Each Company shall cause each instrument which now or hereafter evidences all or a portion of the Intercompany Indebtedness to be conspicuously marked as follows: "This instrument is subject to the terms of an Intercompany Subordination Agreement dated as of ___________ __November 30, 2001 2018 in favor of PNC BANK, NATIONAL CITY BANKASSOCIATION, as Administrative Agent for the Banks Lenders referred to therein, which Intercompany Subordination Agreement is incorporated herein by reference. Notwithstanding any contrary statement contained in the within instrument, no payment on account of the principal thereof or interest thereon shall become due or payable except in accordance with the express terms of said Intercompany Subordination Agreement." Each Company will further mark xxx xxxx its books of account in such a manner as shall be effective to give proper notice to of the effect of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Gp Strategies Corp)

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