Intercompany Creditor definition

Intercompany Creditor means each ICA Group Company (which has not ceased to be an ICA Group Company in accordance with this Agreement) in its capacity as creditor in respect of Intercompany Debt.

Intercompany Creditor means PhyCor of Nashville, Inc., a Tennessee corporation and wholly owned Subsidiary of the Borrower.

Intercompany Creditor means any Obligor to whom any Intercompany Debt may from time to time be payable or owing (whether or not matured).

Examples of Intercompany Creditor in a sentence

• Permit the Intercompany Creditor to engage in any business or operations except the receipt and advancing of Intercompany Debt and the holding of Intercompany Debt or Securities of other Subsidiaries of the Borrower.

• No failure to exercise, nor any delay in exercising, on the part of any Secured Party, Subordinated Creditor or Intercompany Creditor any right or remedy under this Agreement shall operate as a waiver, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise or the exercise of any other right or remedy.

• At any time following an Event of Default, each Intercompany Creditor must, if requested by the Security Agent, release and discharge any Intercompany Debt specified by the Security Agent, by way of shareholders' contribution (Sw: aktieägartillskott), forgiveness of liabilities, or in any other way deemed appropriate by the Security Agent.

• Each Obligor and each Intercompany Creditor will within 5 Business Days of demand pay to each Senior Creditor or Hedging Bank the amount of all costs and expenses properly incurred by it in connection with the enforcement against that Obligor or Intercompany Creditor (as the case may be) of such person’s rights against it under this Agreement.

• For the avoidance of doubt, the obligations of each Intercompany Creditor under this Agreement are several.

• The undersigned (the “New Intercompany Creditor”) is executing this Supplement to become an Intercompany Creditor under the Subordination Agreement.

• No Intercompany Creditor is responsible for the obligations of any other Intercompany Creditor.

• To the extent not already paid under another Debt Document, the Issuer will, within three Business Days of demand, pay to each Secured Party the amount of all costs and expenses (including external legal fees) incurred by that Secured Party in connection with the enforcement or preservation of that Secured Party's rights against an ICA Group Company, Subordinated Creditor or Intercompany Creditor under this Agreement.

• If any of the ICA Group Companies receives or recovers any amount which, under the terms of the Documents, should have been paid to a Secured Party or an Intercompany Creditor, that ICA Group Company will promptly pay that amount to the Security Agent for application in accordance with Clause 13.1 (Order of Application).

• No Subordinated Creditor or Intercompany Creditor may object to any such matter by reason of any provision of any Subordinated Debt Document or Intercompany Document.

More Definitions of Intercompany Creditor

Intercompany Creditor means the Parent Guarantor and each of its Subsidiaries;

Intercompany Creditor has the meaning set forth in Section 6.14(b).

Intercompany Creditor means Quebecor World a Islandi ehf.

Intercompany Creditor means any affiliated companies, partnerships or other entity or Person related to any of the CCAA Entities that have asserted or may assert any Claim, including, without limitation, CMMI Canadian Mass Media Inc., Shapiro Capital Corp. and Daniel P. Shapiro, and any valid assignee thereof;

Intercompany Creditor has the meaning given to it in a Subordination Agreement.

Intercompany Creditor means an Obligated Party in its capacity of being owed sums by any other Obligated Party. Each Intercompany Creditor agrees that any and all liens (including any judgment liens), upon any Debtor's assets securing payment of any Subordinated Indebtedness shall be and remain inferior and subordinate to any and all liens upon any Debtor's assets securing payment of the Secured Obligations or any part thereof, regardless of whether such liens in favor of such Intercompany Creditor or Agent presently exist or are hereafter created or attached. Without the prior written consent of 201 the Banks, no Intercompany Creditor shall (i) file suit against any Debtor or exercise or enforce any other creditor's right it may have against any Debtor, or (ii) foreclose, repossess, sequester, or otherwise take steps or institute any action or proceedings (judicial or otherwise, including without limitation the commencement of, or joinder in, any liquidation, bankruptcy, rearrangement, debtor's relief or insolvency proceeding) to enforce any obligations of any Debtor to any Intercompany Creditor or any liens held by any Intercompany Creditor on assets of any Debtor. In the event of any receivership, bankruptcy, reorganization, rearrangement, debtor's relief, or other insolvency proceeding involving any Debtor as debtor, the Agent shall have the right to prove and vote any claim under the Subordinated Indebtedness and to receive directly from the receiver, trustee or other court custodian all dividends, distributions, and payments made in respect of the Subordinated Indebtedness until the Secured Obligations has been paid in full in cash. The Banks may apply any such dividends, distributions, and payments against the Secured Obligations in such order and manner as the Banks may determine in their sole discretion.