Intercompany Claims. The Depositor will not enter into any guarantees made by its stockholder with respect to obligations of the Depositor and the Depositor will make no guarantees with respect to obligations of its stockholder. There will be no intercompany debt or claims between the Depositor and its stockholder other than (i) the obligation of the Depositor to pay to its stockholder the Deferred Payment under the Purchase Agreement, (ii) the demand note of its stockholder contributed to the Depositor as part of the Depositor's capitalization, (iii) such intercompany claims as may arise in connection with the management services contract referred to above, including a cash management system for its stockholder and its consolidated subsidiaries as described above, and (iv) such amounts as may temporarily be carried in intercompany accounts relating to expenses incurred by its stockholder or its affiliates, to the extent the Depositor is properly obligated to reimburse its stockholder or any such affiliate for amounts allocable to the Depositor. The demand note referred to above will be properly documented on the books and records of the Depositor.
Intercompany Claims. Upon consummation of the Plan and the closing hereunder, the TSN Debtors shall have no liabilities or obligations to any non-TSN Debtor Affiliate.
Intercompany Claims. The Parties agree that:
Intercompany Claims. The Seller has not guaranteed any obligations of any LOL Company. The Seller will not guaranty or assume any obligations of any LOL Company. There is no intercompany debt between the Seller and any LOL Company other than the SPV Purchaser Notes and debts incurred in connection with their respective obligations to each other under the Purchase Agreement. The Seller will not lend funds or extend credit to any LOL Company other than pursuant to the Purchase Agreement in connection with the purchase of Receivables thereunder.
Intercompany Claims. 3.3.1 On the Effective Date, in the sole discretion of the Reorganized Debtor, all Intercompany Claims shall either be (i) Reinstated, in whole or in part, (ii) deemed satisfied, or (iii) discharged and extinguished, in full or in part, and shall be eliminated as of the Effective Date, in whole or in part, in which case the Holders thereof shall not be entitled to and shall not receive or retain any property or interest on account of such discharged and extinguished portion under this Plan; provided, however, that prior to such discharge and extinguishment such Intercompany Claims may be contributed to capital, transferred, setoff or subject to any other arrangement in the sole discretion of the Reorganized Debtor; provided further, that any Intercompany Claim held by an obligor under the Credit Facility shall not be discharged or extinguished without the express written consent of the Credit Facility Agent.
Intercompany Claims. All Intercompany Claims will be adjusted, reinstated, or discharged in the Company’s discretion, subject to the reasonable consent of the Initial Supporting Noteholders. Unimpaired —
Intercompany Claims. Each Allowed Intercompany Claim against the Debtors shall, at the sole discretion of the applicable Debtor, receive the following treatment: (i) be unimpaired under the Plan and, pursuant to section 1124 of the Bankruptcy Code, all legal, equitable and contractual rights as to an Allowed Intercompany Claim shall be fully Reinstated and retained, (ii) be paid in accordance with the terms under which such Allowed Intercompany Claim arose, (iii) receive such other treatment as may be agreed upon in writing by the holder of such Claim; provided that such agreed upon treatment may not provide the holder of such Claim with a return having a present value as of the Effective Date that is greater than the amount of such Allowed Intercompany Claim, or (iv) be canceled and be of no further force or effect.
Intercompany Claims. On the Plan Effective Date, each Intercompany Claim shall be either Reinstated or cancelled and released without any distribution. Impaired; deemed to reject or Unimpaired; deemed to accept.
Intercompany Claims. On or as soon as practicable after the Effective Date, and after consultation with and approval by each of the Consenting Noteholders, with such approval not to be unreasonably withheld, all Intercompany Claims will either be reinstated to the extent determined to be appropriate by the Debtors or adjusted, continued, or capitalized, either directly or indirectly, in whole or in part. Any such transaction may be effected on or subsequent to the Effective Date without any further action by the stockholders of the reorganized Debtors.
Intercompany Claims. No distribution shall be made on account of Intercompany Claims, and the holders of Intercompany Claims shall not receive or retain an account of such Claims any property or interest in property on account of such Claims. At the election of Newco, any Intercompany Claims shall be treated as contributions to the capital of the obligor on such Intercompany Claims.
