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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2
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.
Sample 1Sample 2

Examples of Intercompany Demand Note in a sentence

  • Participation in the securities lending program ceased during the year ended June 30, 2020, and as such, did not have any outstanding loans as of June 30, 2020 or March 31, 2021.

  • 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.

  • Petitioner states that the Intercompany Demand Note is in substantially the same form as the notes utilized for financing arrangements previously approved by the Board.5 Upon receipt of the requisite regulatory approvals pursuant to N.J.S.A. 48:3-7 and any other laws or regulations deemed applicable, Petitioner requests approval from the Board to act as guarantor of the Senior Notes, and for its equity and other assets to be pledged in support of the Senior Notes.

  • Intercompany Demand Note, used in exchange for the proceeds of the Senior Notes, to remain unpaid for more than 12 months from the date of issuance.

  • Petitioners also request authority from the Board, to the extent required, for the issuance of the Intercompany Demand Note to Financing pursuant to N.J.S.A. 48:3-9.

  • Petitioners state that the Intercompany Demand Note is payable on demand, and since it is neither indebtedness “payable later than 12 months after the date of the original instrument,” nor expressly payable within 12 months, the applicability of N.J.S.A. 48:3-9 is unclear.

  • Since there are now multiple sources of original proceeds used by Financing to fund the loan to Level 3 LLC, specifically the Senior Notes and the new Term Loan, the Intercompany Demand Note now references those multiple sources of original proceeds.

  • Take any action to enforce payment under the Intercompany Demand Note or enforce its security interest under the Intercompany Demand Loan Documents without the prior written consent of the Agent and the Required Lenders.

  • 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.

  • A sxxxxxxre and incumbency certificate of the officers of Kaiser Bellwood executing the Subsidiary Xxxxxxty Supplement, the Subsidiary Pledge Supplement, the Subsidiary Security Supplement and the New Intercompany Demand Note.


More Definitions of Intercompany Demand Note

Intercompany Demand Note means one or more negotiable demand ------------------------ promissory notes made by BL to the order of MFC evidencing loans by MFC to BL, substantially in the form of Exhibit L to the Original Agreement.
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 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 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 a demand note in substantially the form attached as Exhibit E hereto.
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

Related to Intercompany Demand Note

  • Intercompany Advance Agreement The Intercompany Advance Agreement, dated as of September 11, 2009, between Ally Bank and Ally Auto, as amended, supplemented or modified from time to time.

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

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

  • Noteholders’ Regular Principal Distributable Amount With respect to the Notes, for any Distribution Date, the lesser of:

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

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

  • 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

  • Noteholders’ Distributable Amount means, with respect to any Distribution Date, the sum of the Noteholders’ Principal Distributable Amount and the Noteholders’ Interest Distributable Amount.

  • Noteholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Noteholders' Percentage of the Principal Distributable Amount.

  • 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.

  • Certificate Principal Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Principal Distributable Amount for each Payment Date and any outstanding Certificate Principal Carryover Shortfall as of the close of the immediately preceding Payment Date; provided, however, that the Certificate Principal Distributable Amount shall not exceed the Certificate Balance. In addition, on the Payment Date as of which all of the Receivables are to be purchased pursuant to Section 8.01, the principal required to be deposited into the Certificate Distribution Account will include the amount necessary to reduce the Certificate Balance to zero.

  • 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.

  • Certificate Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Interest Distributable Amount and the Certificate Principal Distributable Amount for such Payment Date.

  • 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.

  • Note Distributable Amount means, with respect to any Payment Date, the sum of the Note Interest Distributable Amount and the Note Principal Distributable Amount for such Payment Date.

  • 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.

  • Class A Noteholders’ Interest Distributable Amount means, with respect to any Payment Date, the sum of the Class A Noteholders’ Monthly Interest Distributable Amount for such Payment Date and the Class A Noteholders’ Interest Carryover Shortfall for such Payment Date.