Intercorporate Obligations Sample Clauses

Intercorporate Obligations. 7.8.1 Unless otherwise instructed by the Agent, if and for as long as a Default has occurred and is continuing, or would result from payment of Intercorporate Obligations by one Restricted Party to another, payment of Intercorporate Obligations shall be and is hereby postponed to the indefeasible payment in full in cash of the Obligations and the Other Secured Obligations and:
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Intercorporate Obligations. On or before the Closing Date and notwithstanding anything to the contrary provided herein:
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Intercorporate Obligations. 48 9.5 Access to Books and Records and Other Assets.....................48 9.6 Confidentiality..................................................49 9.7 Actions to Satisfy Closing Conditions............................49 9.8
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Intercorporate Obligations. Each Obligor or Subsidiary of the Borrower which is a creditor of another Obligor or Subsidiary of the Borrower has executed and delivered to the Agent a Postponement and Subordination Agreement (it being understood that provisions comparable to the terms of such Postponement and Subordination Agreement may be embedded in a Guarantee or a Security Document).
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Intercorporate Obligations. (e) unsecured Debt owed by the Borrower to IMG that is postponed and subordinated in favour of payment of the Obligations and Other Secured Obligations pursuant to either the guarantee by IMG required under Section 3.1(1) or another agreement on terms satisfactory to the Lenders;
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Related to Intercorporate Obligations

  • Corporate Obligation No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWO

  • Indenture and Notes Solely Corporate Obligations No recourse for the payment of the principal of or accrued and unpaid interest on any Note, nor for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture or in any supplemental indenture or in any Note, nor because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, employee, agent, Officer or director or Subsidiary, as such, past, present or future, of the Company or of any successor corporation, either directly or through the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Notes.

  • Client Obligations 3.1 The Client shall:

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