Common use of Intercompany Notes Clause in Contracts

Intercompany Notes. The Company will cause each Subsidiary (other than Subsidiaries which conduct no business, have minimal assets and have no Indebtedness owing to the Company) or each other Affiliate to execute a promissory note in favor of the Company in an original principal amount equal to the actual amount from time to time outstanding of Indebtedness of such Subsidiary or other Affiliate to the Company (being the sum of the amounts specified pursuant to clause (i) of the next sentence), and dated September 29, 1999 in the case of the Subsidiaries in existence on such date, in the case of any other Subsidiary, the date such Person becomes a Subsidiary and in the case of any other Affiliate, the first date on which any such Indebtedness is incurred by such other Affiliate (collectively, the "Intercompany Notes"). The Company will maintain accounts in which it shall record (i) the amount of the proceeds of each Loan, and each other amount, from time to time advanced to such Subsidiary or such Affiliate; (ii) the interest rate applicable to such advance or payment; and (iii) each payment of principal or interest made by such Subsidiary or other Affiliate.

Intercompany Notes. The Company will cause each Subsidiary (other than Subsidiaries which conduct no business, have minimal assets and have no Indebtedness owing to the Company) or each other Affiliate to execute a promissory note in favor of the Company in an original principal amount equal to the actual amount from time to time outstanding of Indebtedness of such Subsidiary or other Affiliate to the Company (being the sum of the amounts specified pursuant to clause (i) of the next sentence), and dated September 29, 1999 the Execution Date in the case of the Subsidiaries in existence (other than Subsidiaries which conduct no business, have minimal assets and have no Indebtedness owing to the Company) on such date, in the case of any other Subsidiary, the date such Person becomes a Subsidiary and in the case of any other Affiliate, the first date on which any such Indebtedness is incurred by such other Affiliate (collectively, the "Intercompany Notes"). The Company will maintain accounts in which it shall record (i) the amount of the proceeds of each Loan, and each other amount, from time to time advanced to such Subsidiary or such Affiliate; (ii) the interest rate applicable to such advance or payment; and (iii) each payment of principal or interest made by such Subsidiary or other Affiliate.

Intercompany Notes. The Company will cause each Subsidiary (other than Subsidiaries which conduct no business, have minimal assets and have no Indebtedness owing to the Company) or each other Affiliate to execute a promissory note in favor of the Company in an original principal amount equal to the actual amount from time to time outstanding of Indebtedness of such Subsidiary or other Affiliate to the Company (being the sum of the amounts specified pursuant to clause (i) of the next sentence), and dated September 29, 1999 the Execution Date in the case of the Subsidiaries in existence (other than Subsidiaries which conduct no business, have minimal assets and have no Indebtedness owing to the Company) on such date, in the case of any other Subsidiary, the date such Person becomes a Subsidiary and in the case of any other Affiliate, the first date on which any such Indebtedness is incurred by such other Affiliate (collectively, the "Intercompany Notes"). The Company will maintain accounts in which it shall record (i) the amount of the proceeds of each Loan, and each other amount, from time to time advanced to such Subsidiary or such AffiliateAffiliate and the amount of each payment made by the Company to reimburse the Issuing Bank for any drawing made under any Letter of Credit on which such Subsidiary is an account party; (ii) the interest rate applicable to such advance or payment; and (iii) each payment of principal or interest made by such Subsidiary or other Affiliate.