Examples of Intercompany Creditor in a sentence
No Intercompany Creditor is responsible for the obligations of any other Intercompany Creditor.
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.
For the avoidance of doubt, the obligations of each Intercompany Creditor under this Agreement are several.
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).