Intercompany Receivables. 10.1 If a member of the Group grants security over its intercompany receivables it shall be free to deal with those receivables in the ordinary course of its business until a Declared Default has occurred.
10.2 If required by local law to perfect the security or to exclude the possibility that the debtor pays to the relevant member of the Group with discharging effect, notice of the security will be served on the relevant lender within 10 Business Days of the security being granted.
10.3 If required under local law security over intercompany receivables will be registered subject to the general principles set out in these Agreed Security Principles.
Intercompany Receivables. 9.1 If a Guarantor Company grants security over its intercompany receivables it shall be free to deal with those receivables in the ordinary course of its business or otherwise as permitted under the Secured Documents until an Enforcement Event.
9.2 If required by local law to perfect the security, notice of the security will be served on the relevant lender and/or the borrower within 30 Business Days of the security being granted and the Guarantor Company shall use its reasonable endeavours to obtain an acknowledgement of that notice with 30 Business Days of service. If the Guarantor Company has used its reasonable endeavours but has not been able to obtain acknowledgement its obligation to obtain acknowledgement shall cease on the expiry of that 30 Business Day period.
9.3 Irrespective of whether notice of the security is required for perfection, if the service of notice would prevent the Guarantor Company from dealing with an intercompany receivable in the course of its business, no notice of security shall be served until the occurrence of an Enforcement Event.
9.4 If required under local law and consistent with local standard market practice, security over intercompany receivables will be registered subject to the general principles set out in these Agreed Security Principles.
9.5 No lists of intercompany receivables shall be required to be provided or updated.
Intercompany Receivables. (a) If a Grantor grants Liens over its intercompany receivables from time to time it shall be free to deal with those receivables in the course of its business (subject to the Debt Documents) until an Event of Default has occurred and is continuing.
(b) Notice of the Liens will be served on the intercompany debtor after a Notes Relevant Acceleration Event, if so requested by the Security Agent.
Intercompany Receivables. No security will be granted over intercompany receivables.
Intercompany Receivables. Intercompany Receivables" has the meaning set forth in Section 3.2.
Intercompany Receivables. The Company shall have been paid all amounts owed to it pursuant to Intercompany Receivables.
Intercompany Receivables. Conseco shall (and shall cause its Affiliates to) pay interest on any amount owed by Conseco or any of its Affiliates to the Company or any subsidiary thereof as of May 11, 2000 a rate per annum equal to 150 basis points in excess of the London interbank offered rate for a three-month period, as published in The Wall Street Journal. Such interest shall be paid monthly.
Intercompany Receivables. If a Grantor grants a security interest over its intercompany receivables, it shall be free to deal with those receivables in the course of its business until an Event of Default has occurred and is continuing. Until an Event of Default has occurred and is continuing, a Grantor shall be free to grant any waiver and/or accept any amendment with respect to the agreements creating the pledged receivables, provided such waiver or amendment does not materially and adversely affect the perfection, validity or enforceability of the security interests of the Secured Parties. If required by local law for perfection, notice of the security interest will be served on the relevant lender and/or debtor within five Business Days of the security interest being granted and the Grantor shall obtain an acknowledgement of that notice within 20 Business Days of service. If required under local law, security interest over intercompany receivables will be registered subject to the general principles set out in these Guarantee and Security Principles. Where local law requires supplemental pledges or additional Security Documents to be delivered in respect of future intercompany receivables in order for effective security interest to be created, the relevant Grantor shall provide such supplemental pledges or Security Documents promptly, but in any event at intervals no more frequent than three months (unless required more frequently under local law), or, in the case of any supplemental list of assets only (as opposed to a supplemental agreement), no more frequently than semi-annually. Notwithstanding the foregoing, French law pledge agreements over intra-group receivables shall be notified to new pledged debtors within 20 Business Days of the day such entities become members of the group and, the relevant Grantor shall obtain an acknowledgement of that notice within 10 business Days of service. Under German law assignments of receivables, notices in respect to intra-group receivables arising after the date of the relevant assignment agreement shall be delivered to the relevant debtors within five (5) Business Days after entry into the underlying agreement in respect of the intra-group receivables or knowledge of the existence of the intra-group receivables.
Intercompany Receivables. Subject to these Security Principles, a Guarantor shall grant security over its material intercompany receivables but it shall be free to deal with those receivables in the course of its business until a Declared Default. If required by local law to perfect the security, notice of the security will be served on the relevant lender within 5 Business Days of the security being granted and the Guarantor shall use its reasonable endeavours to obtain an acknowledgement of that notice within 20 Business Days of service. Irrespective of whether notice of the security is required for perfection if the service of notice would prevent the Guarantor from dealing with an intercompany receivable in the ordinary course of its business no notice of security shall be served until the occurrence of a Declared Default. If required under local law security over intercompany receivables will be registered subject to the general principles set out in these Security Principles.
Intercompany Receivables. (a) Except as otherwise provided in the Debt Documents, if an Obligor grants security over its intercompany receivables it shall, prior to the occurrence of an Acceleration Event, be free to deal with those receivables in the course of its business.
(b) If required by local law to perfect the security, notice of the security will be served on the relevant lender within 5 Business Days of the security being granted and the Obligor shall obtain an acknowledgement of that notice within 30 Business Days of service. Irrespective of whether notice of the security is required for perfection if the service of notice would prevent the Obligor from dealing with an intercompany receivable in the course of its business no notice of security shall be served until an Acceleration Event occurs and is continuing. This provision does not apply to intercompany receivables charged under the Existing Debenture in respect of which notice will be provided in accordance with the provisions of the Existing Debenture.
