Existing Intercompany Indebtedness definition

Existing Intercompany Indebtedness means Indebtedness owed by the Issuer or any of its Subsidiaries to the Issuer or any other Subsidiary of the Issuer (for purposes of this definition, the "CREDITOR") on the Issue Date, in each case until such amounts are repaid, provided that (1) in the event a particular Subsidiary of the Issuer is the creditor in respect of Indebtedness of the Issuer and all its Subsidiaries that in the aggregate exceeds L20 million (or the Sterling Equivalent), such creditor Subsidiary is a party to the Security Trust and Intercreditor Deed and (2) such Indebtedness is unsecured. For purposes of this definition, any Subsidiary of the Issuer that owns or holds any shares of Preferred Stock or Disqualified Stock issued by the Issuer or any of its other Subsidiaries shall constitute the creditor with respect to such Preferred Stock or Disqualified Stock.
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Existing Intercompany Indebtedness means Intercompany Indebtedness that was outstanding as of September 30, 2009.
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Existing Intercompany Indebtedness means the TMS Intercompany Indebtedness, the Trico Cayman Intercompany Indebtedness and the Trico Supply Intercompany Indebtedness.
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Examples of Existing Intercompany Indebtedness in a sentence

  • As of June 30, 1997, there was $198,300,000 of the Existing Intercompany Indebtedness (including accrued and unpaid interest as of such date).

  • During the period from June 30, 1997, to and including the Effective Date, the Existing Intercompany Indebtedness has increased and decreased only as a result of borrowings, repayments and accrual of interest, in each case in the ordinary course of business and in accordance with past practice.

  • The proceeds of the Term Loans, together with a portion of the net proceeds of the Senior Subordinated Notes, will be used solely to (a) repay in full the principal amount of, and all accrued interest with respect to, the Existing Intercompany Indebtedness and (b) pay a portion of the Transaction Costs.

  • Provision in Case of Consolidation, Merger or Sale of Assets...............................................67 Section 1410.

  • Existing Intercompany Indebtedness....................................

  • On the Effective Date all Debt, except for the Mortgage Loan, Condo Loan, Capitalized Leases, Existing Intercompany Indebtedness, and PBM Pharmacies Loan, is subordinate in all aspects to all of the Obligations.

  • Existing Intercompany Indebtedness.................................

  • Promptly upon the issuance thereof, use the net proceeds of any Convertible Notes issued after the Effective Date to pay the Existing Intercompany Indebtedness.

  • The proceeds of the Original Term Loans, together with a portion of the net proceeds of the Senior Subordinated Notes, will be used solely to (a) repay in full the principal amount of, and all accrued interest with respect to, the Existing Intercompany Indebtedness and (b) pay a portion of the Original Transaction Costs.


More Definitions of Existing Intercompany Indebtedness

Existing Intercompany Indebtedness means all Indebtedness owed by the Borrower and its Subsidiaries to Huntsman and its subsidiaries (other than the Borrower and its Subsidiaries), together with accrued interest thereon.
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Existing Intercompany Indebtedness means, collectively, the Existing CRH GAA Indebtedness, the Existing GAA Indebtedness and the Existing [REDACTED] Indebtedness; provided that notwithstanding anything in any agreement for any Existing Intercompany Indebtedness, in no event shall CRH Delaware assign any of its rights, title or interest under any Existing Intercompany Indebtedness to any Person other than to the Administrative Agent for the benefit of the Secured Parties. 51167637.4
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Existing Intercompany Indebtedness means indebtedness of the Borrower owed to SLIC or Dixie, in an amount (determined in accordance with GAAP) not greater than $4,661,000.00 after application of the proceeds on the Effective Date pursuant to Section 2.07(c).
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Existing Intercompany Indebtedness has the meaning set forth in Section 8.6(b).
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Existing Intercompany Indebtedness shall have the meaning provided in Section 6.24.
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Related to Existing Intercompany Indebtedness

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Company Indebtedness means all Indebtedness of the Acquired Company and the Acquired Subsidiaries, including (with respect to calculations at or as of the Closing Date) the amount of any prepayment penalty or premium for redemption or repayment thereof on the Closing Date, all calculated in accordance with the Accounting Principles.

  • Acquisition Indebtedness means any Indebtedness of the Company or any Subsidiary that has been incurred for the purpose of financing, in whole or in part, an Acquisition and any related transactions (including for the purpose of refinancing or replacing all or a portion of any related bridge facilities or any pre-existing Indebtedness of the Persons or assets to be acquired); provided that either (a) the release of the proceeds thereof to the Company and the Subsidiaries is contingent upon the substantially simultaneous consummation of such Acquisition (and, if the definitive agreement for such Acquisition is terminated prior to the consummation of such Acquisition, or if such Acquisition is otherwise not consummated by the date specified in the definitive documentation evidencing, governing the rights of the holders of or otherwise relating to such Indebtedness, then, in each case, such proceeds are, and pursuant to the terms of such definitive documentation are required to be, promptly applied to satisfy and discharge all obligations of the Company and the Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or a similar provision) if such Acquisition is not consummated by the date specified in the definitive documentation evidencing, governing the rights of the holders of or otherwise relating to such Indebtedness (and, if the definitive agreement for such Acquisition is terminated prior to the consummation of such Acquisition or such Acquisition is otherwise not consummated by the date so specified, such Indebtedness is, and pursuant to such “special mandatory redemption” (or similar) provision is required to be, redeemed or otherwise satisfied and discharged within 90 days of such termination or such specified date, as the case may be).

  • Permitted Subsidiary Indebtedness means any of the following:

  • Subordinated Intercompany Debt shall have the meaning assigned to such term in Section 6.01(e).

  • Intercompany Debt has the meaning specified in Section 7.02.

  • Existing Indebtedness means Indebtedness of the Company and its Subsidiaries (other than Indebtedness under the Credit Agreement) in existence on the date of this Indenture, until such amounts are repaid.

  • Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.

  • Permitted Acquisition Indebtedness means Indebtedness (including Disqualified Stock) of the Company or any of the Restricted Subsidiaries to the extent such Indebtedness was Indebtedness:

  • Permitted Existing Indebtedness means the Indebtedness of the Borrower and its Subsidiaries identified as such on Schedule 1.1.1 to this Agreement.

  • Permitted Intercompany Investments means Investments made by (a) a Loan Party to or in another Loan Party, (b) a Subsidiary that is not a Loan Party to or in another Subsidiary that is not a Loan Party and (c) a Subsidiary that is not a Loan Party to or in a Loan Party, so long as, in the case of a loan or advance made pursuant to this clause (c), the parties thereto are party to the Intercompany Subordination Agreement.

  • Indebtedness means, with respect to any Person, without duplication:

  • Intercompany Loan shall have the meaning provided in Section 8.05(g).

  • Permitted Secured Indebtedness any Secured Indebtedness that:

  • Subordinate Indebtedness means all present and future indebtedness, obligations, and liabilities of Borrower to Subordinate Lender under or in connection with the Subordinate Loan or the Subordinate Loan Documents.

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • Acquisition Debt means any Indebtedness incurred by the Borrower or any of its Subsidiaries for the purpose of financing, in whole or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of the Borrower, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds of such Indebtedness to the Borrower and/or its Subsidiaries is contingent upon the consummation of such Material Acquisition and, pending such release, such proceeds are held in escrow (and, if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all obligations of the Borrower and/or its Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness to be redeemed or prepaid if such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within 90 days of such termination or such specified date, as the case may be).

  • Existing Indebtedness Agreements shall have the meaning provided in Section 5.05.

  • Existing Debt means Debt of each Loan Party and its Subsidiaries outstanding immediately before giving effect to the consummation of the Transaction.

  • Closing Date Indebtedness means the aggregate amount of Indebtedness of the Company as of immediately prior to the Closing.

  • Intercompany Note means a promissory note substantially in the form of Exhibit I.

  • Excluded Indebtedness means all Indebtedness not incurred in violation of Section 6.01.

  • Subordinated Intercompany Note means the Intercompany Subordinated Note, dated as of the Agreement Date, by and among Holdings, the Borrower and each Restricted Subsidiary of Holdings from time to time party thereto.

  • Permitted Subordinated Indebtedness means Indebtedness incurred after the Closing Date by the Borrower or the Subsidiaries that is (i) subordinated to the Obligations and all other Indebtedness owing from the Borrower or the Subsidiaries to the Lender pursuant to a written subordination agreement satisfactory to the Lender in its sole discretion and (ii) in an amount and on terms approved by the Lender in its sole discretion.

  • Receivables Facility Attributed Indebtedness means the amount of obligations outstanding under a receivables purchase facility on any date of determination that would be characterized as principal if such facility were structured as a secured lending transaction rather than as a purchase.