Intra-Company Debt. Intra-Company Debt (excluding a de minimis amount thereof not to exceed $250,000) owed by the Borrowers or any Guarantor shall at all times be subordinated in right of payment to the payment in full of the Obligations in accordance with the terms of the Intra-Company Loan Subordination Agreement.
Intra-Company Debt. All indebtedness (other than travel and similar advances outstanding in the ordinary course of business) of the employees of Company to Company shall have been repaid in full.
Intra-Company Debt. All indebtedness of the Sellers and all other directors, officers, partners, managers and employees of either Company or the Partnership to the Company or the Partnership shall have been repaid in full and the Sellers shall have delivered to the Buyer a certificate, dated the Closing Date, to such effect.
Intra-Company Debt her than the Remaining Optic Debt, the Debt ,and the receivables and payables incurred in the ordinary course of business on an arms length basis, all debt obligations of the Related Party or any other entity that comprises the Business owed to the Seller or its Associates shall have been forgiven, capitalized or assigned to the Purchaser.
Intra-Company Debt. Intra-Company Debt, provided that, if the Borrower, the REIT, or a Guarantor Subsidiary is the obligor thereunder, the obligor thereof shall have subordinated the repayment of such Intra-Company Debt to the repayment of the Obligations pursuant to a subordination agreement in form and substance approved by the Requisite Lenders;
Intra-Company Debt. If at any time after the incurrence of any Intra-Company Debt, the Company, the REIT, or any Wholly-Owned Subsidiary is not the holder of such Intra-Company Debt; or if any modification or amendment with respect to the payment terms of any Intra-Company Debt is entered into without the prior written consent of the Requisite Lenders; or if, at any time after the Conversion Date, the holder of any Intra-Company Debt demands any payment whatsoever thereon; or
Intra-Company Debt. Subject to Section 7.08, Intra-Company Debt, provided that the obligor and obligee thereof have subordinated the repayment thereof to the repayment of the Obligations pursuant to a subordination agreement in form and substance approved by the Requisite Banks; and
Intra-Company Debt. Except as set forth in Schedule 3.28 hereto and except for travel advances and other advances and borrowings from the Company made in the ordinary course of business, there is no outstanding indebtedness owing to the Company or any of its Subsidiaries by any of the Indemnifying Shareholders or any of the directors, officers, wardens, assistant wardens or other facility administrators of the Company or any Subsidiary of the Company to the Company.
Intra-Company Debt. 19 5.10 Resignations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 5.11
Intra-Company Debt. Other than the Stockholder Loan, all indebtedness of Stockholder (including its directors, officers and employees) to the Company and all indebtedness of the Company (including its directors, officers and employees) to Stockholder, including any and all intercompany accounts receivable, shall be reconciled and repaid in full at the Closing. The Stockholder Loan shall have been assigned to Purchaser, as reduced by the amount necessary to pay in full the Capital Loan, as provided in Section 2.15.
