Intercompany Investments definition

Intercompany Investments means (i) unsecured Indebtedness of any Subsidiary owed to Borrower, unsecured guarantee obligations of Borrower with respect to leases or commercial contacts of any other Borrower or any Subsidiary entered into in the ordinary course of business, and Investments by Borrower in any Subsidiary, in an aggregate amount for this clause (i) not to exceed Eight Million Dollars ($8,000,000) for any trailing three-month period, for reasonable operating expenses and capital expenditures of Borrower or Subsidiaries incurred in the ordinary course of business, in amounts and in a manner consistent with past practices, (ii) Indebtedness of any Borrower owing to any other Borrower, (iii) Investments by any Borrower in any other Borrower, (iv) Indebtedness of any Subsidiary (which is not a Borrower) to any other Subsidiary (which is not a Borrower), and (v) Investments by any Subsidiary in any Borrower. For purposes of clarification, the cap specified for clause (i) above is the maximum permitted amount of new Intercompany Investments described in clause (i) that are made, incurred or assumed during the applicable three-month period and does not apply to or limit any Indebtedness or Investments made, incurred or assumed during any prior periods.
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Intercompany Investments is defined in SECTION 8.18(B).
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Intercompany Investments shall have the meaning ascribed to such term in Section 5.04(a) of this Agreement.
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Examples of Intercompany Investments in a sentence

  • Intercompany Investments: The Borrowers expect to be permitted to have outstanding investments (including debt and equity investments and letters of credit and guarantees) in non-Borrower subsidiaries in an amount outstanding at any time to be agreed upon.

  • No Borrower shall assign or otherwise transfer any Collateral or any proceeds of the Loans to any Excluded Subsidiary except that a Borrower may transfer proceeds of Collateral to an Excluded Subsidiary in connection with Permitted Intercompany Investments.

  • Become liable upon the obligations or liabilities of any Person by assumption, endorsement or guaranty thereof or otherwise (other than in respect of the Obligations) except (a) as disclosed on Schedule 7.3, (b) guarantees of Indebtedness permitted under clause (e) of the definition of “Permitted Indebtedness”, (c) Permitted Intercompany Investments and (d) the endorsement of checks in the Ordinary Course of Business.

  • Notwithstanding the foregoing, Borrower shall not be restricted from making any payments in connection with Intercompany Investments.

  • Issue or sell or enter into any agreement or arrangement for the issuance and sale of any Stock except in connection with Permitted Intercompany Investments or intercompany investments permitted under Section 6.11(a) or clause (s) of the definition of Permitted Investments.

  • Except (i) as specified in Schedule 6.1(ff) as of the Closing Date, (ii) in connection with Permitted Intercompany Investments or (iii) as permitted by Section 8.23, Borrower is not a party to or bound by any agreement or arrangement (whether oral or written) to which any Affiliate of Borrower is a party.

  • Intercompany Investments as set forth on Schedule 7.25, Capitalization, incorporated herein by reference.

  • We also need to have permanent relationships with families who hurt children.

  • Intercompany Investments: The Borrowers shall be permitted to have outstanding investments (including debt and equity investments and letters of credit and guarantees) in non-Borrower subsidiaries in an amount outstanding at any time equal to the sum of (a) the amount of such investments outstanding on the closing date plus (b) [$50,000,000].

  • Clause (c) of the definition of "Permitted Intercompany Investments" is amended by deleting the word "Loans" and replacing it with "loans".


More Definitions of Intercompany Investments

Intercompany Investments means Investments by Borrower or any of its Subsidiaries in a Subsidiary of Borrower.
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Intercompany Investments means Investments by Loan Parties in non-Loan Parties made pursuant to clause (a) of the definition of Permitted Investments and required to be subject to the Non-Guarantor Sublimit.
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Intercompany Investments is defined in SECTION 8.18(B). ------------------------ ---------------
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Related to Intercompany Investments

  • 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 and (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 made pursuant to this clause (c), the parties thereto are party to the Intercompany Subordination Agreement.

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

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

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

  • 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.

  • 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.

  • 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.

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

  • 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.

  • Equity Investments shall have the meaning provided in the preamble to this Agreement.

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

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

  • Permitted Intercompany Activities means any transactions between or among the Borrower and its Restricted Subsidiaries that are entered into in the ordinary course of business of the Borrower and its Restricted Subsidiaries and, in the good faith judgment of the Borrower are necessary or advisable in connection with the ownership or operation of the business of the Borrower and its Restricted Subsidiaries, including, but not limited to, (i) payroll, cash management, purchasing, insurance and hedging arrangements and (ii) management, technology and licensing arrangements.

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

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

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

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

  • 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 Account means any receivable, payable or loan between any member of the Ensign Group, on the one hand, and any member of the Pennant Group, on the other hand, that exists prior to the Effective Time and is reflected in the records of the relevant members of the Ensign Group and the Pennant Group, except for any such receivable, payable or loan that arises pursuant to this Agreement or any Ancillary Agreement.

  • 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.

  • Investments as defined in Section 7.8.

  • Intercompany Agreement means the agreement regarding the treatment of certain existing intercompany balances entered into on June 11, 2020 by and among ODBINV S.A. - Em Recuperação Judicial, Odebrecht S.A. - Em Recuperação Judicial and Odebrecht Engenharia e Construção S.A., as generally described and summarized in “The Restructuring – Treatment of Intercompany Claims” of the Consent Solicitation Statement.

  • 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.

  • 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.

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company.