Intercompany Debt Subordination Agreement definition

Intercompany Debt Subordination Agreement means an Intercompany Debt Subordination Agreement substantially in the form of Exhibit B pursuant to which intercompany obligations and advances owed by any Loan Party to a Person that is not a Loan Party are required to be subordinated to the Secured Obligations pursuant to Section 6.01(h).

Intercompany Debt Subordination Agreement an agreement substantially in the form of Exhibit I.

Intercompany Debt Subordination Agreement means a subordination agreement by and among the Loan Parties, their direct or indirect Subsidiaries and Lender in form and substance satisfactory to Administrative Agent.

Examples of Intercompany Debt Subordination Agreement in a sentence

• By executing and delivering this Assumption Agreement, the Additional [Creditor/Debtor], hereby becomes a party to the Intercompany Debt Subordination Agreement as a [Creditor/Debtor] thereunder with the same force and effect as if originally named therein as a [Creditor/Debtor] and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a [Creditor/Debtor] thereunder.

• All capitalized terms not defined herein shall have the meaning ascribed to them in the Intercompany Debt Subordination Agreement, dated as of _____________________, 201_ (the “Intercompany Debt Subordination Agreement”), by and between the Creditors, the Debtors and the Agent.

• The Additional [Creditor/Debtor] hereby represents and warrants that each of the representations and warranties contained in the Intercompany Debt Subordination Agreement with respect to Additional [Creditor/Debtor] is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date.

• The information set forth in Annex C-1 hereto is hereby added to the information set forth in Annex [A/B] to the Intercompany Debt Subordination Agreement and such Annex shall be deemed so amended.

• Each Lender hereby appoints Scotiabank as its Administrative Agent under and for purposes of this Agreement, the Notes, the Intercompany Debt Subordination Agreement and each other Loan Document.

• The Borrower will not consent to any amendment, supplement or other modification of any of the terms or provisions contained in, or applicable to, the Intercompany Debt Subordination Agreement or any document or instrument evidencing or applicable to any Subordinated Intercompany Debt, other than any amendment, supplement or other modification which extends the date or reduces the amount of any required repayment or redemption.

• Any indebtedness of any Borrower subordinated to Bank on terms satisfactory to Bank in its sole discretion, including the Subordinated Intercompany Debt in accordance with the terms of the Intercompany Debt Subordination Agreement.

• The Administrative Agent shall not be required to take any action hereunder, under the Notes or under any other Loan Document, or to prosecute or defend any suit in respect of this Agreement, the Notes, the Intercompany Debt Subordination Agreement or any other Loan Document, unless it is indemnified hereunder to its satisfaction.

• The Company shall cause (a) all Intercompany Debt, (b) all Debt owed by the Company or any Subsidiary to the Parent Shareholders, the Shareholders, or HoldCo, or any of their respective Affiliates (other than Debt owed under the Qualcomm/Ericsson Note Purchase Agreement), and (c) all payment obligations under Affiliate Agreements to be subordinated to the Pari Passu Obligations pursuant to the terms of the Intercompany Debt Subordination Agreement or the Shareholder Pledge Agreement, as the case may be.

• The initial undersigned shall be the Group Members (as defined in the Promissory Note) party to the Intercompany Debt Subordination Agreement on the date of the Promissory Note.

More Definitions of Intercompany Debt Subordination Agreement

Intercompany Debt Subordination Agreement means that certain Intercompany Debt Subordination Agreement, dated as of the date hereof, among the Borrower, each Loan Party that is party thereto from time to time and the Administrative Agent.

Intercompany Debt Subordination Agreement means an agreement in the form of Exhibit B hereto in favor of the Administrative Agent and the Lenders duly executed by each Affiliated Debtholder of Intercompany Debt and duly acknowledged by the Borrower and each of its Restricted Subsidiaries which is the issuer of Intercompany Debt.

Intercompany Debt Subordination Agreement shall have the meaning provided in Section 3.1(a)(xiii).

Intercompany Debt Subordination Agreement that certain Intercompany Debt Subordination Agreement, dated as of the date hereof, among the Loan Parties, the Intrawest Group Members party thereto that are not Loan Parties and the Administrative Agent. 25

Intercompany Debt Subordination Agreement means the Intercompany Debt Subordination Agreement, to be dated the Closing Date, among the Company, the Subsidiary Guarantors and the Collateral Agent, in substantially the form of Exhibit E hereto (or, if there is no such Exhibit on the date hereof, acceptable in form and substance to the Initial Purchasers or, after the Initial Purchaser Release Date with respect to all Vendor Parties, the Collateral Agent), as amended from time to time.

Intercompany Debt Subordination Agreement means that certain Intercompany Debt Subordination Agreement dated March 22, 1996 between Borrower, the Partnership and Lender as the same may have been or may be amended, restated, modified, increased or supplemented.