Subsidiary Loans. With respect to any Future Project for which an Acquisition Notice is delivered to Atlantic in accordance with Section 2.3 above, Homestead shall have the right to determine, in its sole and absolute discretion, that a Subsidiary acquire the subject Project, in which event, the subject Subsidiary shall, at such time as it acquires the subject Future Project, execute and deliver to Atlantic Subsidiary Security Documents in connection therewith together with an agreement in form and substance satisfactory to Atlantic pursuant to which such Subsidiary agrees to be bound by the terms of this Agreement as to such Project. In addition, at the election of Homestead, the subject Subsidiary shall execute a Subsidiary Note in the amount of the Loan determined by Homestead to be allocable to such Project and the Maximum Corporate Loan Amount and/or the Maximum Partnership Loan Amount (as Homestead may elect) shall be decreased by the amount of any such Subsidiary Note. Alternatively, Homestead may elect to have funds advanced with respect to such Project under the Corporate Loan or Partnership Loan and either loan or contribute, or cause the Partnership Borrower to loan or contribute, the funds so advanced to the subject Subsidiary. In the event any Subsidiary executes a Subsidiary Note and/or any Subsidiary Security Documents as contemplated under this Section 2.4, the parties shall, contemporaneously therewith, execute, deliver, and, if appropriate, record, such amendments to the Loan Documents as may reasonably be necessary or appropriate to properly document any resulting changes in the Maximum Corporate Loan Amount and/or the Maximum Partnership Loan Amount.
Subsidiary Loans. Agent shall have received, with respect to all loans outstanding as of the Closing Date made by any Loan Party either to any other Loan Party or to other Foreign Subsidiary (i) solely in the case of a loan by a Loan Party to a Foreign Subsidiary, a promissory note in favor of such the applicable Loan Party which shall be pledged, endorsed and delivered to Agent as additional Collateral, (ii) solely in the case of a loan to a Loan Party by a Foreign Subsidiary other than Stream BV, an assignment of security to Agent (as additional Collateral for the Foreign Obligations) of a second (only to the Lenders) priority lien in the assets of such Foreign Subsidiary, (iii) solely in the case of unsecured loans from the Foreign Subsidiaries to US Borrowers, a subordination agreement (or a copy of the note or other agreement containing subordination language) in favor of Agent for the benefit of the Lenders, in each case on terms and conditions satisfactory to Agent and Term B Agent and (iv) in the case of any and all other unsecured loans made by any Person to any other Loan Party (and not subject to clauses (a) through (f) of Section 7.5), a subordination agreement (or a copy of the note or other agreement containing subordination language) in favor of Agent for the benefit of the Lenders, in each case on terms and conditions satisfactory to Agent and Term B Agent; provided, however, that to the extent such documentation has not been provided to Agent on or prior to the Closing Date Loan Parties shall provide such documentation to Agent within thirty (30) days thereafter;
Subsidiary Loans. The Borrowers, Tweeter Trust, THEG, TOC and Video Scene shall have entered into certain Subsidiary Subordination Agreements.
Subsidiary Loans. Parent agrees to cooperate with and assist ------------ ---------------- Subsidiary in removing any Subsidiary Shareholder personal guarantee(s) of presently-existing Subsidiary loans, including but not limited to by providing Parent guarantees of any such Subsidiary loans and/or using good faith efforts, subject to available funds of Parent, to either replace any such Subsidiary loans with loans from third parties and/or Parent without such Subsidiary Shareholder personal guarantees or to contribute sufficient equity capital to satisfy such Subsidiary loans. In addition, Parent agrees to cooperate with and assist Subsidiary in replacing any presently-existing Subsidiary Shareholder loans to Subsidiary with either third-party or Parent financing (subject to available funds of Parent), including but not limited to by providing Parent guarantees of any such replacement loans and/or using good faith efforts, subject to available funds of Parent, to either replace any such Subsidiary Shareholder loans with loans from Parent or to contribute sufficient equity capital to satisfy such Subsidiary Shareholder loans. Subsidiary shall fully indemnify the Subsidiary Shareholders from any losses or expenses incurred by them as a result of their guarantees of any Subsidiary loans.
Subsidiary Loans. The obligation of the Parent to make Subsidiary Loans is subject to the conditions precedent that: (a) no Subsidiary Default, or Unmatured Subsidiary Default, has occurred and is continuing or will result from the making of such Subsidiary Loan, (b) the warranties of the Subsidiary contained in Section 6 are true and correct as of the date of such requested Subsidiary Loan, with the same effect as though made on the date of such Subsidiary Loan and (c) the Subsidiary continues to be a direct or indirect subsidiary of the Parent.
Subsidiary Loans. Buyer shall have received evidence reasonably satisfactory to Buyer, in its sole discretion, that, at least one day prior to the Closing Date, each of the Subsidiary loans listed on Exhibit D was contributed to its respective Company and each of the loans listed on Exhibit E was or is to be refinanced (contemporaneously with the Closing) by the Subsidiaries through the issuance of new notes to the SRL Master.
Subsidiary Loans. (a) The terms of the New Subsidiary Loans are hereby amended such that:
Subsidiary Loans. Promptly following the execution of this Agreement, and in any event prior to Closing, the Company shall, in consultation with Parent and Parent’s tax advisors, formulate a plan to minimize any potential adverse tax impact associated with the intercompany loans held by Star Guide Limited in the manner and with the intended effect set forth on Section 7.19 of the Company Disclosure Letter.
Subsidiary Loans. If an advance of the Loan is to be utilized by or for the benefit of a direct or indirect subsidiary of the Debtor, the Lender may, in its discretion, make a loan directly to such subsidiary on as secured basis satisfactory to the Lender. The Debtor hereby guarantees the repayment of any such subsidiary loan on the same terms as the Loan hereunder and such subsidiary and the Debtor shall deliver such documents to the Lender and take such actions in connection therewith as shall be requested by the Lender. The Debtor hereby subordinates for all purposes any other loans of the Lender to its direct or indirect subsidiaries to any such direct loans made by the Lender to a subsidiary of the Debtor.
Subsidiary Loans
