Intercompany Creditors definition

Intercompany Creditors means those Euro Pledgors or their subsidiaries that are creditors in relation to any Intercompany Debt.
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Intercompany Creditors means each Obligor in its capacity as a creditor in relation to any Intercompany Debt;
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Intercompany Creditors means any member of the Group which has an intercompany claim against any Designated Account Owner. Coupon/Interest RateThe Company shall not pay any interest on the Offshore Indebtedness during the Standstill Period.During the Standstill Period, coupon and interest will continue to accrue on the principal amounts of the Offshore Indebtedness (including Offshore Indebtedness which has been accelerated or has matured) at the existing contractual interest rates in accordance with the Offshore Debt Documents. Consent FeesEarly-Bird Consent FeeThe Company shall pay each Consenting Creditor, who signs/accedes to the Standstill Agreements on or before the Early-Bird Consent Fee Deadline (“Early Bird Consenting Creditors”), 0.25% of the principal amount of the Offshore Indebtedness due to such creditor as at the Early- Bird Consent Fee Deadline (“Individual Creditor Exposure”).General Consent FeeThe Company shall pay each Consenting Creditor, who signs/accedes to the Standstill Agreement on or before the General Consent Fee Deadline, 0.5% of the Individual Creditor Exposure as at the date of such execution/accession by the relevant Consenting Creditor, provided that the relevant Standstill Agreements have not been terminated in accordance with their terms at the date of such execution/accession (the “General Consent Fee”). The relevant Consent Fees shall be paid to the Consenting Creditors in the following manner:• on the First Consent Fees Payment Date, the Company shall pay the (i) Early-Bird Consent Fee and (ii) General Consent Fee to the Initial Consenting Creditors;• on the Second Consent Fees Payment Date, the Company shall pay the (i) Early-Bird Consent Fee and (ii) General Consent Fee to the Early Bird Consenting Creditors (other than the Initial Consenting Creditors); and• on the Final Consent Fees Payment Date, the Company shall pay the General Consent Fee to the eligible Consenting Creditors who have acceded to the Standstill Agreement, to the extent such fees were not paid on the earlier payment dates.
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Examples of Intercompany Creditors in a sentence

  • Intercompany Creditors will not be entitled to any distributions made pursuant to Section 4.2 of the Plan.

  • For greater certainty, Intercompany Creditors shall not be entitled to vote at the Creditors’ Meeting.

  • Notwithstanding the foregoing, Intercompany Creditors will be entitled to receive distributions from the proceeds of a Transaction as provided for in Section 6.4 of the Plan and any subsequent distributions pursuant to Section 6.8 of the Plan, which distributions, in each case, shall be applied to reduce their Intercompany Claims.

  • Consequently, the Connected and Intercompany Creditors are impaired by the Proposals.

  • Notwithstanding any term of this Agreement postponing, subordinating or preventing the payment of all or any part of the Subordinated Debt and Intercompany Debt, the relevant Subordinated Debt or Intercompany Debt shall, as between the Subordinated Creditors and Intercompany Creditors, be deemed to remain owing or due and payable (and interest, default interest or indemnity payments shall continue to accrue) in accordance with the relevant Debt Documents.

  • Thereafter the claims of the Collateral Agent and the claims of the Intercompany Creditors shall rank pari passu in all respects and there shall be no other deferral or subordination of the claims of the Intercompany Creditors.

  • Unless and save to the extent otherwise agreed by the Senior Agent, the Intercompany Creditors (other than the Issuer) will not under any circumstances be subrogated to any of the rights of the Senior Creditors or any security arising under the Senior Finance Documents.

  • It shall be a condition to the effectiveness of this Agreement that each of the Initial Signatory Noteholders, each Bank Lender, the Company, the Note Guarantors, the Intercompany Creditors and the Individual Signatories shall have entered into this Agreement.

  • Each Representative, the Hedge Counterparties, the Shareholder Creditors and the Intercompany Creditors will on written request by any of the others or the Security Agent from time to time notify the others and the Security Agent in writing of details of the amount of its outstanding Debt.

  • The Intercompany Creditors may not exercise any rights of subrogation to the rights of the Lenders or any guarantees arising under the Facility Agreement prior to the Discharge Date pertaining to the Intercompany Debt.


More Definitions of Intercompany Creditors

Intercompany Creditors means each member of the Group in its capacity as a creditor in relation to any Intercompany Debt.
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Related to Intercompany Creditors

  • Intercompany Claims means, collectively, any Claim held by a Debtor against another Debtor.

  • Intercompany Obligations as defined in the Guarantee and Collateral Agreement.

  • Intercompany Claim means any Claim held by a Debtor against another Debtor.

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).

  • Intercompany Loan shall have the meaning provided in Section 8.05(g).

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • Intercompany Interests means an Interest in a Debtor held by another Debtor and, for the avoidance of doubt, excludes the Existing Equity Interests.

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • Subordinated Intercompany Debt shall have the meaning assigned to such term in Section 6.01(e).

  • Debtors has the meaning set forth in the Recitals.

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Intercompany Interest means an Interest in a Debtor held by another Debtor.

  • Subordinated Intercompany Note means the Intercompany Subordinated Note, dated as of the Agreement Date, by and among Holdings, the Borrower and each Restricted Subsidiary of Holdings from time to time party thereto.

  • Intercompany Accounts has the meaning set forth in Section 2.03(a).

  • Lender Creditors shall have the meaning provided in the recitals of this Agreement.

  • Intercompany Account means any receivable, payable or loan between any member of the Ensign Group, on the one hand, and any member of the Pennant Group, on the other hand, that exists prior to the Effective Time and is reflected in the records of the relevant members of the Ensign Group and the Pennant Group, except for any such receivable, payable or loan that arises pursuant to this Agreement or any Ancillary Agreement.

  • Subordinated Claims means the aggregate amount of all claims admitted in the winding up or dissolution of the Issuer which rank, or are expressed to rank, junior to claims in respect of the Senior Non-Preferred Notes or other Senior Non-Preferred Claims, including (without limitation) claims of creditors in respect of the Subordinated Notes, and the obligations of the Issuer which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 2 Capital, Additional Tier 1 Capital (including, without limitation, the Issuer’s permanent interest bearing shares (if any)) or CET1 Capital (including the Issuer’s core capital deferred shares (if any)); and

  • Intercompany Receivables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are receivable by Seller or any of its Affiliates (other than the Company or its Subsidiaries) from the Bank, the Company or its other Subsidiaries.

  • Subsidiary Debtors means, collectively, Congoleum Sales, Inc. and Congoleum Fiscal, Inc.

  • Intercompany Note means a promissory note substantially in the form of Exhibit I.

  • Intercompany Debt has the meaning specified in Section 7.02(d).

  • Intercompany Notes means, with respect to each Pledgor, all intercompany notes described in Schedule 11 to the Perfection Certificate and intercompany notes hereafter acquired by such Pledgor and all certificates, instruments or agreements evidencing such intercompany notes, and all assignments, amendments, restatements, supplements, extensions, renewals, replacements or modifications thereof to the extent permitted pursuant to the terms hereof.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Permitted Intercompany Investments means Investments made by (a) a Loan Party to or in another Loan Party, (b) a Subsidiary that is not a Loan Party to or in another Subsidiary that is not a Loan Party and (c) a Subsidiary that is not a Loan Party to or in a Loan Party, so long as, in the case of a loan or advance made pursuant to this clause (c), the parties thereto are party to the Intercompany Subordination Agreement.

  • Intercompany Subordination Agreement means an intercompany subordination agreement, dated as of even date with this Agreement, executed and delivered by each Loan Party and each of its Subsidiaries, and Agent, the form and substance of which is reasonably satisfactory to Agent.