Common use of Intercompany Loans Clause in Contracts

Intercompany Loans. Loans and advances made to the Rig Owners by members of the Group on the conditions that the Loans are subordinated and unsecured in form and substance satisfactory to the Agent;

Intercompany Loans. Loans and advances made to the Rig Owners Owner by members of the Group on the conditions that the Loans are subordinated and unsecured in form and substance satisfactory to the Agent;

Intercompany Loans. Loans and advances made to the Rig Owners by members of the Group on the conditions that the Loans are subordinated pursuant to the Subordination Undertaking and unsecured in form and substance satisfactory to the Agent;