Intercompany Borrower definition

Intercompany Borrower means each Subsidiary of European Borrower that executes and delivers a French Intercompany Loan Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Intercompany Borrower means a borrower under an Intercompany Loan Agreement.

Intercompany Borrower means each borrower of any Intercompany Loan.

Examples of Intercompany Borrower in a sentence

• As of the Petition Date, the Intercompany Borrower, without defense, counterclaim, or offset of any kind, was indebted and liable to the Intercompany Lenders under the Intercompany Note in the aggregate principal amount of not less than $1,110,000,000.00, plus accrued and unpaid interest thereon as of the Petition Date (collectively, the “Intercompany Loan Obligations”).

• No payments made to or for the benefit of (or obligations incurred to or for the benefit of) the Intercompany Borrower by or on behalf of any of the Debtors under or in connection with the Intercompany Loan prior to the Petition Date are subject to avoidance, recharacterization, effect, counterclaim, defense, offset, subordination, other claim, cause of action, or other challenge of any kind or nature under the Bankruptcy Code, under applicable non-bankruptcy law, or otherwise.

More Definitions of Intercompany Borrower

Intercompany Borrower means, if and only if approved in writing by the Administrative Agent and Required Lenders and only to the extent so approved, any one or more of Holdings and, except for Coho Shell, one or more Restricted Subsidiaries of Holdings.

Intercompany Borrower means any Loan Party in its capacity as borrower under any Intercompany Loan Agreement.

Intercompany Borrower means each JD Entity that executes and delivers an Intercompany Note.

Intercompany Borrower as defined in Section 6.1(q).

Intercompany Borrower means Norsk Teekay AS being a company incorporated according to the laws of Norway with Enterprise No. 985 030 235.

Intercompany Borrower means BCP Crystal Acquisition GmbH & Co. KG, a limited partnership established under the laws of Germany and registered with the commercial register at the local court of Stuttgart under registration number HRA 13860.

Intercompany Borrower means each Other Foreign Subsidiary Borrower or Foreign Borrowing Base Subsidiary that executes and delivers an Intercompany Note in favor of an Intercompany Lender.