Subordination of Certain Intercompany Indebtedness. Each Guarantor hereby agrees that any Indebtedness owed by it to another Loan Party shall be subordinated to the Obligations of such Guarantor and that any Indebtedness owed to it by another Loan Party shall be subordinated to the Obligations of such other Loan Party, it being understood that such Guarantor or such other Loan Party, as the case may be, may make payments on such intercompany Indebtedness unless an Event of Default has occurred and is continuing.
Appears in 9 contracts
Samples: Amendment No. 1 (Black Knight, Inc.), Credit and Guaranty Agreement (Latham Group, Inc.), Credit and Guaranty Agreement (Latham Group, Inc.)
Subordination of Certain Intercompany Indebtedness. Each Guarantor Party hereby agrees that any Indebtedness owed by it to another Loan Party shall be subordinated to the Obligations of such Guarantor Party and that any Indebtedness owed to it by another Loan Party shall be subordinated to the Obligations of such other Loan Party, it being understood that such Guarantor Party or such other Loan Party, as the case may be, may make payments on such intercompany Indebtedness unless an Event of Default has occurred and is continuing.
Appears in 5 contracts
Samples: Credit Agreement (Fidelity National Information Services, Inc.), Credit Agreement (Fidelity National Information Services, Inc.), Amendment and Restatement Agreement (Fidelity National Information Services, Inc.)
Subordination of Certain Intercompany Indebtedness. Each Guarantor Party hereby agrees that any Indebtedness obligations owed to it by it to another Loan Borrower Party shall be subordinated to the Obligations of such Guarantor Party and that any Indebtedness indebtedness owed to it by another Loan Borrower Party shall be subordinated to the Obligations of such other Loan Borrower Party, it being understood that such Guarantor Party or such other Loan Borrower Party, as the case may be, may make payments on such intercompany Indebtedness indebtedness unless an Event of Default has occurred and is continuing.
Appears in 3 contracts
Samples: Term Loan Credit Agreement (Fly Leasing LTD), Term Loan Credit Agreement (Fly Leasing LTD), Term Loan Credit Agreement (Fly Leasing LTD)
Subordination of Certain Intercompany Indebtedness. Each Guarantor Party hereby agrees that any Indebtedness obligations owed to it by it to another Loan Transaction Party shall be subordinated to the Obligations of such Guarantor Party and that any Indebtedness indebtedness owed to it by another Loan Transaction Party shall be subordinated to the Obligations of such other Loan PartyObligor, it being understood that such Guarantor Party or such other Loan Transaction Party, as the case may be, may make payments on such intercompany Indebtedness indebtedness unless an Event of Default has occurred and is continuing.
Appears in 1 contract
Samples: Term Loan Credit Agreement (International Lease Finance Corp)
Subordination of Certain Intercompany Indebtedness. Each Guarantor Party hereby agrees that any Indebtedness obligations owed by it to another Loan Borrower Party shall be subordinated to the Obligations of such Guarantor Party and that any Indebtedness indebtedness owed to it by another Loan Borrower Party shall be subordinated to the Obligations of such other Loan Borrower Party, it being understood that such Guarantor Party or such other Loan Borrower Party, as the case may be, may make payments on such intercompany Indebtedness indebtedness unless an Event of Default has occurred and is continuing.
Appears in 1 contract
Samples: Term Loan Credit Agreement (International Lease Finance Corp)
Subordination of Certain Intercompany Indebtedness. Each Guarantor Party hereby agrees that any Indebtedness obligations owed by it to another Loan Party Grantor shall be subordinated to the Guaranteed Obligations of such Guarantor Party and that any Indebtedness indebtedness owed to it by another Loan Party Grantor shall be subordinated to the Guaranteed Obligations of such other Loan PartyGrantor, it being understood that such Guarantor Party or such other Loan PartyGrantor, as the case may be, may make payments on such intercompany Indebtedness indebtedness and dividends unless an Event of Default has occurred and is continuing.
Appears in 1 contract
Samples: Aircraft Mortgage and Security Agreement (International Lease Finance Corp)
