Intercompany borrowings. The Borrower will only borrow from other members of the Group on a subordinated and unsecured basis.
Intercompany borrowings. Subject to the requirements of applicable Law in the United Kingdom, Seller will cause (i) all amounts reflected on the books of the Company and the Subsidiaries as payable to, or receivable from Seller and its Affiliates (other than the Company and the Subsidiaries), including all intercompany loans and accounts payable and receivable, to be written off and eliminated by a direct charge or credit to the shareholders equity account, in a manner consistent with the manner in which the Current Balance Sheet has been prepared and (ii) all the comparable amounts reflected on the books of Seller and its Affiliates (other than the Company and the Subsidiaries) to be written off and eliminated in a like manner and the parties agree that as of the Effective Date no such amounts shall be due and owing or outstanding.
Intercompany borrowings. The Borrower shall procure that the Collateral Owners will only borrow from other members of the Group on a subordinated and unsecured basis, provided that the Collateral Owners may only repay such subordinated unsecured loans as long as no Event of Default has occurred and is continuing.
Intercompany borrowings. With the exception of the Hummingbird Facility (but only until the Drawdown Date), the Borrower may only borrow:
(a) from members of the Teekay Group or TOO Group on a subordinated and unsecured basis; and
(b) from other parties in the ordinary course of its business and in an aggregate amount of no more than ten million Dollars (US$10,000,000), provided always that no Event of Default has occurred and is continuing unremedied and unwaived.
Intercompany borrowings. Each of the Borrowers may only borrow:
(a) from members of the Teekay Group or TOO Group on a subordinated and unsecured basis; and
(b) from other parties in the ordinary course of its business and in an aggregate amount of no more than ten million Dollars (US$10,000,000), provided always (i) that no Event of Default has occurred and is continuing or would occur as a consequence thereof and (ii) in the case of (a) above, that the Borrowers may only repay such borrowings whilst no Event of Default has occurred and is continuing.
Intercompany borrowings. The Borrowers will only borrow from other members of the Guarantor Group on a subordinated and unsecured basis.
Intercompany borrowings. 29 SECTION 9.2
Intercompany borrowings. From and after the effective ----------------------- date of the Warehouse Credit Facility, no member of the PLMI Affiliated Group shall be obligated to make advances to AFG or any Subsidiary of AFG pursuant to, or to permit AFG or any Subsidiary of AFG to otherwise participate in, the Old Warehouse Credit Facility. To the extent that any member of the PLMI Affiliated Group makes any such advances or otherwise allows such use of the Old Warehouse Credit Facility by AFG or any Subsidiary of AFG, AFG agrees that (i) AFG shall pay any and all costs, fees and expenses (including an appropriate charge for interest) associated with or incurred under the Old Warehouse Credit Facility on a basis that is consistent with the past cost allocation practices of the members of the PLMI Affiliated Group, (ii) AFG shall, and shall cause each of its Subsidiaries to, comply with all of the terms and conditions of the Old Warehouse Credit Facility and (iii) the continued use of the Old Warehouse Credit Facility by AFG or any Subsidiary of AFG shall be subject to the continuing consent of PLMI, which may be revoked by PLMI at any time, in whole or in part, in the sole and absolute discretion of PLMI.
Intercompany borrowings. The Borrowers will only borrow from other members of the Guarantor Group or the Teekay Group on a subordinated and unsecured basis, provided that the Borrowers may repay such subordinated unsecured loans as long as no Event of Default has occurred or is continuing.
Intercompany borrowings. The Borrower may only borrow:
(a) from members of the Teekay Group or TOO Group on a subordinated and unsecured basis; and
(b) from other parties in the ordinary course of its business and in an aggregate amount of no more than ten million Dollars (US$10,000,000), provided always that no Event of Default has occurred and is continuing.
