Intercompany Advance definition

Intercompany Advance means a loan or advance heretofore or hereafter made by an Intercompany Note Holder to the Borrower, a Domestic Subsidiary or Direct Foreign Subsidiary of the Borrower, which is evidenced by an Intercompany Note in which the Agent has a valid, duly perfected, first priority Lien under the Intercompany Note Pledge Agreement, and the repayment of which is subordinated to the rights of the Agent and the Lenders under the Loan Documents in accordance to the provisions set forth in the Intercompany Notes or in the Subordination Agreement.

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Intercompany Advance means loans, advances or transfers of cash or Inventory in the ordinary course of business from Parent to one of its Subsidiaries or from one of Parent's Subsidiaries to Parent or another Subsidiary of Parent.

Intercompany Advance means loans made in the ordinary course of business from the Lessee to one of the Lessee's Subsidiaries or from one of the Lessee's Subsidiaries to the Lessee or another of the Lessee's Subsidiaries.

Examples of Intercompany Advance in a sentence

The amount advanced under the Intercompany Advance Agreement and the amount of the deemed capital contribution shall be duly recorded by the Seller and ▇▇▇▇.
A portion of the Initial Aggregate Receivables Principal Balance shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through one or both of (a) an increase in the amount owing from ▇▇▇▇ to Seller under the Intercompany Advance Agreement (as a result of an advance made thereunder from Seller to ▇▇▇▇) and (b) an increase in Seller’s capital account in ▇▇▇▇ (as a result of a deemed capital contribution from the Seller to ▇▇▇▇).
A portion of the Aggregate Additional Receivables Principal Balance shall be paid to the Seller in immediately available funds and the balance of such purchase shall be paid through one or both of (a) an increase in the amount owing from ▇▇▇▇ to Seller under the Intercompany Advance Agreement (as a result of an advance made thereunder from Seller to ▇▇▇▇) and (b) an increase in Seller’s capital account in ▇▇▇▇ (as a result of a deemed capital contribution from Seller to ▇▇▇▇).
The amount advanced under the Intercompany Advance Agreement shall be duly recorded by the Seller and Ally Auto.
Such amount shall be recorded as an advance under the Intercompany Advance Agreement and shall bear interest and be payable as provided therein.

More Definitions of Intercompany Advance

Intercompany Advance means any amount borrowed by the Trust from the UTI Beneficiary pursuant to the Intercompany Advance Agreement.

Intercompany Advance means the amount of $162,671.50 that was paid by the Corporation to vendors of TS Calgary solely for purposes of leasehold improvements to the “Tokyo Smoke” branded retail shop operated by TS Calgary as a part of the Business and certain initial operational costs of TS Calgary incurred in the ordinary course of the Business.

Intercompany Advance means loans, advances or transfers of cash in the ordinary course of business from Parent to one of its Subsidiaries or from one of Parent's Subsidiaries to Parent or another Subsidiary of Parent so long as the Parent or the Subsidiary, as applicable, that is acting as the lender has executed the Intercompany Subordination Agreement.

Intercompany Advance means loans made in the ordinary course of business from (i) any Borrower to its Subsidiaries, (ii) any Borrower to a Subsidiary of another Borrower, (iii) any Borrower's Subsidiary to any Borrower, (iv) any Borrower's Subsidiary to the Subsidiary of another Borrower, and (v) any Borrower to any Borrower.

Intercompany Advance means the intercompany advances made from time to time by TNFI to TNF Canada where the resulting Indebtedness of TNF Canada has been pledged by TNFI to the Collateral Agent, all on terms and conditions satisfactory to the Administrative Agent.

Intercompany Advance means loans made in the ordinary course of business from the Borrower to any Subsidiary of the Borrower or from any Subsidiary of the Borrower to the Borrower.

Intercompany Advance means any amount borrowed by the Trust from GECCI pursuant to the Intercompany Advance Agreement.