Common use of Inter-Company Loans Clause in Contracts

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.

Appears in 4 contracts

Samples: Assignment and Servicing Agreement (Copelco Capital Funding LLC 2000-A), Assignment and Servicing Agreement (Copelco Capital Funding LLC 99-B), Assignment and Servicing Agreement (Copelco Capital Receivables LLC)

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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 6.06] of the Indenture to the Transferor Originator (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 Originator may agree.]

Appears in 1 contract

Samples: Assignment and Servicing Agreement (Ikon Receivables LLC)

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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(b3.03(b), 3.05(b3.04(c) 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 A hereto and shall otherwise be on such arm's-length terms and conditions as the Issuer and the Transferor may agree.

Appears in 1 contract

Samples: Contribution and Sale Agreement (Charter Equipment Lease 1998-1 LLC)

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