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 Debt. The 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 Debt. The 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. 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. 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. Any inter-company debt between the Vendor and the Corporation shall have been capitalized prior to Closing.
Inter-Company Debt. All indebtedness of NAGE or IT Cruise and any of their Associates or Affiliates to any of the Vendors or IT Cruise and/or all indebtedness of any of the Vendors or IT Cruise and their Associates or Affiliates to any of the Vendors, IT Cruise or NAGE as of the Effective Date; and
