Examples of Downstream Loans in a sentence
Subject to Section 7.01(d), the obligations of the Borrower hereunder and under the Notes will rank not less than pari passu with all of the Borrower’s other Indebtedness and obligations, and the Borrower shall cause the obligations of IL under the Downstream Loans to rank not less than pari passu with all of IL’s other Indebtedness and obligations.
Downstream Loans Name of LenderLender’s TINIf there are any partners in the same affiliated group as the lender, attach a statement to each of the Schedules K-2 and K-3 to expand the columns in the table to include the information requested in the first two columns for each such partner.Upstream loans.
On the Closing Date, each of the Downstream Loans Claims, if any, validly exists and Seller is the owner of the Downstream Loans Claims, if any, and, except for the Financing Securities, the Downstream Loans Claims, if any, are free and clear of any pending transfer or third party rights.
Subject to the terms of the Intercreditor Agreement, the Issuer shall procure that any Downstream Loans are made subject to Transaction Security as soon as possible and in any event within five (5) Business Days from the granting of such Downstream Loan.
The Issuer shall not and shall procure that none of its Subsidiaries will, extend any loans in any form to any other party other than (i) loans existing on the First Issue Date (ii) Downstream Loans, and (iii) loans from a Group Company to another Group Company.