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Inter-Company Debt Sample Clauses

Inter-Company Debt. Oncor will not enter into any inter-company debt transactions with Affiliates of Parent following consummation of the Merger and Oncor will not lend money to or borrow money from Parent or its Affiliates.
Inter-Company Debt. Without implying any limitation on the joint and several nature of the Obligations, Bank agrees that, notwithstanding any other provision of this Agreement, the Persons included in the term “Borrower” may create reasonable inter-company indebtedness between or among the Persons included in the term “Borrower” with respect to the allocation of the benefits and proceeds of the Credit Extensions under this Agreement.
Inter-Company DebtThe parties agree that as soon as practicable after Completion, they will take such steps as necessary to procure that any Inter Company Debt owing to or by the Company is extinguished, including but not limited to those Inter Company Debts listed in schedule 12. Each party will on request provide to the other evidence of such extinguishment.
Inter-Company DebtThe Buyer acknowledges that prior to Completion, the Seller will procure that any Inter Company Debt owing to or by the Company is satisfied or otherwise extinguished, including but not limited to those Inter Company Debts listed in schedule 12. The Seller will provide evidence to the Buyer of any such satisfaction of debt on or prior to Completion.
Inter-Company Debt. (a) Save as permitted pursuant to the Subordination Agreement, the Company shall not (and shall procure that no other member of the Group shall) pay any amount of principal, interest or other amount pursuant to or relating to the Subordinated Intercompany Loan. (b) No member of the Group which is the creditor in respect of any Financial Indebtedness of any other member of the Group shall take any action to cause that Financial Indebtedness to become due or to be paid (i) where the relevant member of the Group does not have sufficient cash resources to meet such payment and to continue to carry on its business in the ordinary course, or (ii) in breach of the terms of the Priority Deed.
Inter-Company Debt. All indebtedness of any Affiliate of the Vendor to the Vendor;
Inter-Company Debt. No member of the Group which is the creditor in respect of any Financial Indebtedness of any other member of the Group may take any action to cause that Financial Indebtedness to become due or to be paid (i) in breach of the terms of the Priority Agreement or (ii) if not already prohibited by paragraph (i), unless the other member of the Group has sufficient readily available cash to pay the sum which is due or demanded or the amount due is capitalised.
Inter-Company Debt. Seller and the Members have caused all inter-company debt between ZoneCare USA of Delray LLC, Speedy Re-employment LLC and Seller existing to be paid prior to the date hereof.
Inter-Company Debt. 3.2.1 The Sellers shall procure that the Inter-Company Debt owed by any member of the ABB Group as at the Completion Date is, at the direction of the Acquired Company to whom the monies are owed, paid to the account of the member(s) of the ABB Group to which any Acquired Company owes any Inter-Company Debt in settlement (full or partial, as the case may be) of such Inter-Company Debt in accordance with Clause 7.4.1 and Part 1 of Schedule 4 (Completion Arrangements). 3.2.2 The Purchasers shall procure that the Inter-Company Debt owed by any Acquired Company as at the Completion Date as set out in the Inter-Company Debt Statement (less the amount, if any, of Inter-Company Debt owed to such Acquired Company that such Acquired Company has directed, as provided in Clause 3.2.1, be paid to any member of the ABB Group) is paid to the account notified by the US Seller to the Purchasers in accordance with Clause 7.2.1 on behalf of the relevant members of the ABB Group at Completion in accordance with Clause 7.4.2 and Part 2 of Schedule 4 (Completion Arrangements). The receipt of such monies shall be a complete discharge to the relevant Acquired Companies, and the US Seller shall indemnify each Acquired Company against any liability it may suffer, and all costs and expenses it may reasonably incur, as a result of any failure on the part of the US Seller to account to the relevant members of the ABB Group for the monies paid by the Acquired Companies in accordance with this Clause 3.2.2. 3.2.3 All payments or repayments in accordance with this Clause 3.2 shall be made in dollars. Inter-Company Debt that is expressed in a currency other than dollars shall, for the purposes of determining the amount of such Inter-Company Debt in dollars, be converted into dollars at: (a) the rate which appears on the Reuters Screen FXBLFIX01 at 11:00 a.m. (London time) on the Completion Date; (b) if no such rate is quoted on the Reuters Screen FXBLFIX01 at such time, the rate which appears on the Reuters Screen FXFIX at 11:00 a.m. (London time) on the Completion Date; or (c) if no such rate is quoted on the Reuters Screen FXFIX at such time, the mid-point closing rate quoted in the Financial Times for the Business Day immediately preceding the Completion Date.
Inter-Company Debt. Any inter-company debt between the Vendor and the Corporation shall have been capitalized prior to Closing.