Common use of Intercompany Notes Clause in Contracts

Intercompany Notes. Any portion of any Advance under the Facility which is loaned by Company to any Subsidiary of Company shall be evidenced by Intercompany Notes in form and substance acceptable to Administrative Agent, and there shall be no prohibition on the ability of the Company to pledge to Administrative Agent each such Intercompany Note. Company shall cause all Intercompany Notes to be subject to a Subordination Agreement.

Intercompany Notes. Any portion of any Advance under the Facility which is loaned by Company to any Subsidiary of Company shall be evidenced by Intercompany Notes in form and substance acceptable to Administrative Agent, and there shall be no prohibition on the ability of the Company to pledge to Administrative Agent each such Intercompany Note. Company shall cause all Intercompany Notes to be subject to a Subordination Agreement.

Intercompany Notes. Any portion of any Advance under the Facility which is loaned by Company to any Subsidiary of Company Company, shall be evidenced by Intercompany Notes in form and substance acceptable to Administrative AgentLender, and there shall be no prohibition on the ability of the Company to pledge to Administrative Agent each such Intercompany Note. Company shall cause all Intercompany Notes to be subject to a Subordination Agreement.