Intercompany Debts definition

Intercompany Debts means any credit facility(-ies), other financing arrangement(s) or other similar transaction(s) having the commercial effect of a borrowing, entered into from time to time between EPS, EPS Participations, BRC or any other Holder, on the one hand, and any of their direct shareholders or Affiliates, on the other hand, as well as any security, hedging, forward sale or purchase agreement, derivative or other ancillary agreement entered into within the scope or as part of or otherwise in connection with, and/or designated as a finance document (or similar) pursuant to such credit facility(-ies), financing arrangement(s) or other similar transaction(s) having the commercial effect of a borrowing.
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Intercompany Debts means any credit facility(-ies), other financing arrangement(s) or other similar transaction(s) having the commercial effect of a borrowing, entered into from time to time between EPS, EPS Participations, BRC or any other Holder, on the one hand, and any of their Affiliates, on the other hand, as well as any security, hedging, forward sale or purchase agreement, derivative or other ancillary agreement entered into within the scope or as part of or otherwise in connection with, and/or designated as a finance document (or similar) pursuant to such credit facility(-ies), financing arrangement(s) or other similar transaction(s) having the commercial effect of a borrowing.
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Intercompany Debts means the book debts, accounts and other amounts receivable, claims, demands, moneys and choses in action which now are due or owing by the Company to or owned, by the Intercompany Creditors and all claims of whatsoever nature or kind which the Intercompany Creditors have or may have against the Company;
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Examples of Intercompany Debts in a sentence

  • Tranche A shall be applied by the Borrower for the exclusive purpose of refinancing the Existing Intercompany Debts.

  • However, no such adjustment shall be made beyond fifteen (15) months after the date PHP was notified of such clerical error.

  • Importantly, however, the Releases do not release (a) the Ocyan Group from (i) their obligations to implement and consummate the EJ Plan or (ii) any claims other than claims (including the Tranche 2 Notes and the Intercompany Debts) that are compromised under the EJ Plan or (b) the Released Parties from any claims arising out of fraud, willful misconduct, or other actions in violation of Brazilian Bankruptcy Law.

  • Notwithstanding the foregoing, the Purchaser may assign this Agreement and all of its rights and obligations hereunder to any directly or indirectly wholly-owned subsidiary of the Purchaser; provided that, in connection with any such assignment, the Purchaser shall execute an guarantee and suretyship agreement, in form and substance reasonably satisfactory to the Seller, pursuant to which the Purchaser shall guarantee and stand surety for all of the obligations of its assignee hereunder.

  • Step 2: Contribution of Intercompany Debts owing by Jack Frost Ice Service, Inc., Glacier Ice Company, Inc., Mountain Water Ice Company, Diamond Newport Corporation and Arctic Glacier Vernon Inc.

Related to Intercompany Debts

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

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

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

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

  • 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.

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

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

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

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

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

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

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

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

  • Parent Liabilities shall have the meaning set forth in Section 2.3(b).

  • Subordinated Liabilities means liabilities subordinated to the Borrower’s obligations to the Bank in a manner acceptable to the Bank in its sole discretion.

  • Company Debt shall have the meaning set forth in Section 6.13.

  • Payables Liabilities of a party arising from the borrowing of money or the incurring of obligations for services, merchandise or goods purchased.

  • 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.

  • Current Liabilities are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.

  • Accounts Receivable Subsidiary means one Unrestricted Subsidiary of the Company specifically designated as an Accounts Receivable Subsidiary for the purpose of financing the Company’s accounts receivable and provided that any such designation shall not be deemed to prohibit the Company from financing accounts receivable through any other entity, including, without limitation, any other Unrestricted Subsidiary.

  • Company Indebtedness means the Indebtedness of the Company.

  • Deferred Intercompany Transaction has the meaning set forth in Treas. Reg. Section 1.1502-13.

  • 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, (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, the parties thereto are party to the Intercompany Subordination Agreement, and (d) a Loan Party to or in a Subsidiary that is not a Loan Party so long as (i) the aggregate amount of all such Investments made by the Loan Parties to or in Subsidiaries that are not Loan Parties does not exceed $1,000,000 at any time outstanding, (ii) no Default or Event of Default has occurred and is continuing either before or after giving effect to such Investment, and (iii) the Borrowers have Excess Availability plus Qualified Cash of not less than $10,000,000 after giving effect to such Investment.

  • Consolidated Scheduled Funded Debt Payments means, as of any date for the applicable period ending on such date with respect to the Borrower Parties on a consolidated basis, the sum of all scheduled payments of principal on Consolidated Funded Indebtedness made during such period (including the implied principal component of payments made on Capitalized Leases during such period) as determined in accordance with GAAP.

  • Accounts Receivable means in respect of any Person, (a) all trade accounts and notes receivable and other rights to payment from customers and all security for such accounts or rights to payment, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products sold or otherwise disposed of or services rendered to customers, (b) all other accounts and notes receivable and all security for such accounts or notes, and (c) any claim, remedy or other right relating to any of the foregoing.

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