Inter-Company Loans. With the contribution of the Leases, the Issuer has acquired the right to hold and apply in accordance with the provisions of certain of the Leases, security deposits. The Issuer may from time to time, to the extent permitted by law, lend such security deposits and any amounts disbursed to the Issuer pursuant to Sections 3.04(b), 3.05(b) or 6.06 of the Indenture to the Transferor (each such advance, an "Inter-Company Loan"). Each Inter-Company Loan shall be on a demand basis, shall bear interest at an annual rate equal to the Prime Rate plus one percent, shall be in the form attached hereto as Exhibit B and shall otherwise be on such arm's-length terms and conditions as the Issuer and the Transferor may agree.
Inter-Company Loans. With the purchase of the Leases, the Company has acquired the right to hold and apply in accordance with the provisions of certain of the Leases, security deposits in the amounts [indicated on Schedule II of Exhibit A to this Agreement]. The Company may from time to time, to the extent permitted by law, lend such security deposits and any amounts disbursed to the Company pursuant to Sections 3.03(b) or 6.06 of the Indenture to the Seller (each such advance, an "Inter-Company Loan"). Each Inter-Company Loan shall be on a demand basis, shall bear interest at an annual rate equal to the Prime Rate plus one percent, shall be in the form attached hereto as Exhibit B and shall otherwise be on such arm's-length terms and conditions as the Company and the Seller may agree.
Inter-Company Loans. Following Completion GMN and the Investor will procure that the Company advances the inter company loans in the manner referred to in Schedule 5.
Inter-Company Loans. 2.27 The Client acknowledges and agrees that enrolment to the Sweeping service is a pre-requisite to availing the ICL service.
Inter-Company Loans. Each Obligor shall procure that any Financial Indebtedness incurred from any of their respective shareholders or any other company which is controlled (directly or indirectly) by the Corporate Guarantor is so incurred on terms that (i) neither Borrower may borrow or become liable for more than $500,000 and (ii) the same is fully subordinated to the Borrowers' obligations under the Finance Documents in form and substance acceptable to the Majority Lenders.
Inter-Company Loans. NovaStar Mortgage shall not loan or otherwise transfer any funds (a "Transfer") to any Person except to a subsidiary of NovaStar Financial and which such Transfer is in the ordinary course of business of NovaStar Mortgage.
Inter-Company Loans. In addition to the amounts payable by the Buyer to the Seller under this clause, the Buyer must make sufficient funds available to the Company to enable the Company to discharge the Inter-company Loans at Completion.
Inter-Company Loans. The Purchaser having received executed deeds of release, in a form satisfactory to the Purchaser, from each previous subsidiary of the Company and each Seller or any of the Sellers' Affiliates that has, as at the Closing, any amounts due or outstanding to such Subsidiary, Seller or Seller's Affiliate, releasing and forever discharging the Company from repaying all such amounts or loans owed or outstanding to such subsidiary, Seller or Sellers' Affiliates.
Inter-Company Loans. Certified copies of any inter-company loan documentation between or among any Holdco and any Obligor in relation to any inter-company loans made or to be made on or before the Completion Date.
Inter-Company Loans. 5.27.1 The Inter-Company Loans have been validly granted by the Seller to the Company; the terms and conditions of the respective loan agreements constitute valid and binding obligations of the parties thereto enforceable in accordance with their terms only subject to the laws of general application relating to bankruptcy, insolvency and the relief of debtors and to rules of law governing specific performance, injunctive relief or other equitable remedies.
