Intercompany Demand Note definition

Intercompany Demand Note means a negotiable demand promissory note made by HIL to the order of Borrower evidencing loans by Borrower to HIL, substantially in the form of Exhibit H.
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Intercompany Demand Note one or more negotiable demand promissory notes made by a Foreign Subsidiary to the order of Parent, or a Domestic Subsidiary of Parent evidencing loans by the Parent or such Domestic Subsidiary to such Foreign Subsidiary, substantially in the form of Exhibit K.
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Intercompany Demand Note means one or more intercompany demand notes, a first amended and restated intercompany demand note, a second consolidated amended and restated intercompany demand note and a third consolidated amended and restated intercompany demand note, each in substantially the form of Exhibit X-0, Xxxxxxx X-0 and Exhibit H-3 hereto, respectively, and duly completed, executed and delivered by each of the Subsidiaries of the Company (other than the Excluded Subsidiaries), as the same may be amended, modified, supplemented, restated or replaced from time to time in conformity with the terms of this Agreement and in effect from time to time.
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Examples of Intercompany Demand Note in a sentence

  • ARTRA GROUP INCORPORATED By: ___________________ Title: ___________________ ACKNOWLEDGMENT The Payee hereby waives all rights of set-off, defalcation or similar rights it may otherwise have against the Payor or any amounts at any time owing by the Payee to the Payor as a result of amounts owing by the Payor to the Payee under this Intercompany Demand Note.

  • All payments of principal and interest on this Second Consolidated Amended and Restated Intercompany Demand Note shall be payable in lawful currency of the United States of America, in immediately available funds.

  • The Trustor shall pay all of the Obligations when due and without offset or counterclaim, and shall observe and comply in all respects with all of the terms, provisions, conditions, covenants and agreements to be observed and performed by it under this Deed of Trust, the Subsidiary Guaranty, the Intercompany Acquisition Note and the Intercompany Demand Note.

  • Master Intercompany Demand Note, to be dated the date of this Agreement, by and among the Loan Parties party thereto.

  • In addition to and not in limitation of the foregoing and the provisions of the Credit Agreement, the undersigned further agrees, subject only to any limitation imposed by applicable law, to pay all expenses, including reasonable attorneys' fees and legal expenses, incurred by the holder of this Second 2 3 Consolidated Amended and Restated Intercompany Demand Note in endeavoring to collect any amounts payable hereunder which are not paid when due, whether by acceleration or otherwise.

  • Form of Second Amended and Restated Borrowers Security Agreement Exhibit I....Form of Second Amended and Restated Subsidiary Guaranty and Security Agreement Exhibit J....Form of Amended and Restated Intercompany Demand Note Exhibit K-1..Form of Amended and Restated Subordination Agreement - Obligors Exhibit K-2..Form of Amended and Restated Subordination Agreement ....

  • This Intercompany Demand Note and all of the rights of the Payee hereunder have been pledged to General Electric Capital Corporation, as Agent ("Agent"), as additional Collateral securing the Obligations pursuant to the terms of that certain Stock Pledge Agreement dates as of December 17, 1993 (as amended, restated, supplemented or otherwise modified from time to time) among the Payee and Agent.

  • Each Subsidiary of the Company (other than the Excluded Subsidiaries) has duly executed and delivered to the (i) Company an Intercompany Demand Note and, if required pursuant to Section 6.11, an Intercompany Acquisition Note and (ii) Administrative Agent, (A) a counterpart signature page to the Subsidiary Guaranty and (B) a Subsidiary Pledge Agreement if any such Subsidiary owns any stock.

  • The Credit Parties executed (a) a Master Intercompany Demand Note dated as of December 19, 2012 (as amended, restated, replaced, supplemented, or otherwise modified from time to time, the “Intercompany Note”), and (b) an Endorsement concerning the Intercompany Note (as amended, restated, supplemented, or otherwise modified from time to time, the “Endorsement”).

  • Each of the Sub- sidiaries (other than the Excluded Subsidiaries) shall have duly executed and delivered to the Company the Intercompany Demand Note to which it is a party, and the Company shall have delivered each such Intercompany Demand Note, duly endorsed in blank, to the Agent pursuant to the terms of the Company Pledge Agreement.


More Definitions of Intercompany Demand Note

Intercompany Demand Note means one or more negotiable demand ------------------------ promissory notes made by BL to the order of the Borrower evidencing loans by the Borrower to BL, substantially in the form of Exhibit L.
Sample 1
Intercompany Demand Note means that certain Master Intercompany Demand Note, dated as of even date herewith, among the Guarantor, the Borrower and its foreign Subsidiaries and Administrative Agent. “Interest Expense” means for any period the consolidated interest expense of Borrower and its Subsidiaries for such period (including all imputed interest on Capital Leases).
Sample 1
Intercompany Demand Note means that certain Master Intercompany Demand Note, dated as of even date herewith, among the Guarantor, the Borrower and its foreign Subsidiaries and Administrative Agent.
Sample 1
Intercompany Demand Note means the intercompany demand note and the second consolidated amended and restated intercompany demand note, each in substantially the form of Exhibit H-1 and Exhibit H-2 hereto, respectively, and duly completed, executed and delivered by each of the Subsidiaries (other than the Excluded Subsidiaries), respectively, as the same may be amended, modified, supplemented, restated or replaced and in effect from time to time.
Sample 1
Intercompany Demand Note means an intercompany demand revolving note, in form and substance reasonably satisfactory to Agent, in each case, endorsed, pledged, and delivered by the Person in whose favor such promissory note was written to the Agent, on behalf of the Secured Lenders, as each such promissory note may be amended, endorsed, or otherwise modified from time to time in accordance with the provisions hereof, and also means any other promissory note accepted from time to time in substitution therefor or renewal thereof, in accordance with the provisions hereof.
Sample 1
Intercompany Demand Note means a demand note in substantially the form attached as Exhibit E hereto.
Sample 1

Related to Intercompany Demand Note

  • Intercompany Debt has the meaning specified in Section 7.02.

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

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

  • Intercompany Indebtedness means Indebtedness of Company or any of their respective Subsidiaries which is owing to any member of such group.

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

  • Intercompany Note any promissory note evidencing loans made by any Grantor to Holdings or any of its Subsidiaries.

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Repayment Agreement means an agreement

  • 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.

  • Global Intercompany Note means the global intercompany note substantially in the form of Exhibit F pursuant to which intercompany obligations and advances owed by any Loan Party are subordinated to the Obligations.

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

  • Noteholders’ Principal Distributable Amount means, with respect to any Distribution Date, (other than the Final Scheduled Distribution Date for any Class of Notes), the sum of the Principal Distributable Amount for such Distribution Date and the Noteholders’ Principal Carryover Amount, if any, as of the close of business on the preceding Distribution Date. The Noteholders’ Principal Distributable Amount on the Final Scheduled Distribution Date for any Class of Notes will equal the sum of (i) the Principal Distributable Amount for such Distribution Date, (ii) the Noteholders’ Principal Carryover Amount as of such Distribution Date, and (iii) the excess of the outstanding principal amount of such Class of Notes, if any, over the amounts described in clauses (i) and (ii).

  • Aggregate Noteholders’ Principal Distributable Amount With respect to any Distribution Date, the sum of (i) the Noteholders’ Regular Principal Distributable Amount as of such Distribution Date and (ii) the Aggregate Noteholders’ Priority Principal Distributable Amount as of such Distribution Date.

  • Aggregate Noteholders’ Priority Principal Distributable Amount With respect to any Distribution Date, the sum of (i) the First Priority Principal Distributable Amount, (ii) the Second Priority Principal Distributable Amount, (iii) the Third Priority Principal Distributable Amount and (iv) the Fourth Priority Principal Distributable Amount, each as of such Distribution Date. Aggregate Principal Balance of Non-Subvented Receivables: As of any date, the present value as of such date of all scheduled monthly payments on all of the Non-Subvented Receivables (other than Liquidating Receivables) held by the Issuing Entity on such date which have not been applied on or prior to such date (determined after taking into account any Warranty Payments and Administrative Purchase Payments in respect of such Receivables), with each Receivable being discounted from the last day of the calendar month in which payments are to become due to such date at the greater of the Discount Rate and the Annual Percentage Rate.

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

  • Prepayment Consideration shall have the meaning set forth in Section 2.3.1.

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party, (b) a Subsidiary of a Borrower that is not a Loan Party to another Subsidiary of a Borrower that is not a Loan Party and (c) a Subsidiary of a Borrower that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

  • Aggregate Noteholders’ Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the Aggregate Class A Interest Distributable Amount as of such Distribution Date, (ii) the Aggregate Class B Interest Distributable Amount as of such Distribution Date, (iii) the Aggregate Class C Interest Distributable Amount as of such Distribution Date and (iv) the Aggregate Class D Interest Distributable Amount as of such Distribution Date.