Examples of Intercompany Collateral in a sentence
Each Customer shall make appropriate entries on its books and records disclosing the security interests in the Intercompany Collateral.
A Subsidiary Borrower shall automatically be released from its obligations hereunder and the security interest in the Intercompany Collateral of such Subsidiary Borrower shall be automatically released in the event that all the capital stock of such Subsidiary Borrower shall be sold, transferred or otherwise disposed of to a person that is not the Company or an Affiliate of the Company in accordance with the terms of the Credit Agreement.
Each Foreign Subsidiary Payor has good and marketable title to all the Foreign Intercompany Collateral, free and clear of all Liens, other than Liens permitted hereunder.
The UCC financing statements delivered to IBM Credit pursuant to Section 4(A) shall disclose the assignment of the security interest in the Intercompany Collateral and indicate the name and address of IBM Credit as assignee.
Reference is hereby made to the Xxxxxxx Intercompany Collateral Documents for a description of the property and assets in which a security interest has been granted, the nature and extent of the security, the terms and conditions upon which the security interests were granted and the rights of the holder of this Note in respect thereof.
The Foreign Intercompany Security Agreements are effective to create in favor of Borrower or Additives, as the case may be, a legal, valid and enforceable First Priority Lien on the Foreign Intercompany Collateral.
The UCC financing statements delivered to IBM Credit pursuant to Section 4.3 shall disclose the assignment of the security interest in the Intercompany Collateral and indicate the name and address of IBM Credit as assignee.
The execution and delivery of the Foreign Intercompany Security Agreements will be effective to create in favor of Borrower or Additives, as the case may be, a legal, valid and enforceable First Priority Lien on each Foreign Subsidiary Payor's right, title and interest in and to the Foreign Intercompany Collateral.
Pursuant to the Foreign Intercompany Security Agreements, all right, title, and interest of each Foreign Subsidiary Payor in and to the Foreign Intercompany Collateral will be pledged to Borrower or Additives, as the case may be.
This Note, including all of the Payee's rights and remedies hereunder, and all of the collateral securing this Note pursuant to the Xxxxxxx Intercompany Collateral Documents, have been pledged and assigned by the Payee to the Administrative Agent, for the benefit of the Sunbeam Lenders, pursuant to the Sunbeam Pledge and Security Agreement.