Examples of Intercompany Funding in a sentence
For purposes of the calculation of the Distributions to be made to LBHI from a Subsidiary Debtor, including with respect to setoff of a Subsidiary Debtor’s Allowed Claim against LBHI, only 80% of the Intercompany Funding Balance due to LBHI from a Subsidiary Debtor shall be included in such calculation, as reflected of the Debtors’ Claims Schedule, and LBHI shall participate in Distributions against a Subsidiary Debtor in the amounts and to the extent set forth on page 4 of the Debtors’ Claims Schedule.
So long as no Default has occurred and is continuing, Borrower may also make intercompany periodic cash management transfers to and from Affiliates if such transfers are properly accounted for in determining distributions and Net Intercompany Funding for the purposes of Section 10.6 above.
Direct advances and other investments by any Loan Party in one Borrower Group to any Loan Party in another Borrower Group are not permitted (with an exception for the Specified Intercompany Funding Transaction).
The Specified Intercompany Funding Transaction is not subject to the "true-up" requirement.
LBHI’s receivables from certain Debtors have not been adjusted for Intercompany Funding Balance Adjustments and other Plan-related adjustments as described in Section X.B. and Exhibit 8B of the Disclosure Statement.
The Trim Acquisition Agreement, the Intercompany Funding Agreements, the Trim Seller Notes and all other agreements and documents relating to the Trim Acquisition.
For purposes of the calculation of the Distributions to be made to LBHI from a Subsidiary Debtor, including with respect to setoff of a Subsidiary Debtor’s Allowed Claim against LBHI, only 80% of the Intercompany Funding Balance due to LBHI from a Subsidiary Debtor shall be included in such calculation.
The Grantor agrees to take any and all action as may be necessary to maintain such designation and appointment of such agent in full force and effect until the final Maturity Date (or earlier, if the Subordinated Note Proceeds Intercompany Funding Loan is prepaid in full).
The Issuer will not permit FIMAF to, and FIMAF will not, incur, directly or indirectly, any Indebtedness that is subordinated in right of payment to any FIMAF Senior Debt unless such Indebtedness is either pari passu with, or subordinated in right of payment to, the Subordinated Intercompany Funding Loan.
Pursuant to the Assignment Agreement, all Obligations of the Issuer outstanding under the Indenture and the Notes will be secured by an assignment and charge to the Trustee to hold on trust, and as agent for, the Holders of all rights and benefits of the Issuer under (i) the Subordinated Intercompany Funding Loan and (ii) subject to and upon receipt of any required consent under the Existing Intercreditor Agreement, any Permitted Subordinated Funding Loan (collectively the "Security Assets").