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 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.

Intercompany Investments is defined in SECTION 8.18(B).

Examples of Intercompany Investments in a sentence

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.
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.
Notwithstanding the foregoing, Borrower shall not be restricted from making any payments in connection with 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.
Provision/Basket/Ratio 2023 Credit Agreement 2025 Indentures Agreed Terms2 Intercompany Investments • Uncapped for investments in the Company and the Guarantors.
Intercompany Investments as set forth on Schedule 7.25, Capitalization, incorporated herein by reference.
Clause (c) of the definition of "Permitted Intercompany Investments" is amended by deleting the word "Loans" and replacing it with "loans".
Additionally, any Investment in any Person permitted to be made under Sections 7.5(c), (d), or (e) may be made by making Permitted Intercompany Investments in the parent companies of such Person so long as one hundred percent (100%) of the cash proceeds of such Permitted Intercompany Investments are used immediately by such parent companies to make the Investments permitted under Sections 7.5(c), (d), or (e).
Notwithstanding any of the foregoing, other than Permitted Intercompany Investments, no Loan Party shall enter into any transaction with any Specified Loan Party.
Make any loans or other advances of money to any Person, except the following, but in each case, only as permitted under the Term Loan Documents (a) advances to an officer or employee for salary, business-related expenses, commissions and similar items in the Ordinary Course of Business; (b) prepaid expenses and extensions of trade credit made in the Ordinary Course of Business; (c) deposits with financial institutions permitted hereunder; and (d) Permitted Intercompany Investments.

More Definitions of Intercompany Investments

Intercompany Investments means Investments by Borrower or any of its Subsidiaries in a Subsidiary of Borrower.

Intercompany Investments shall have the meaning ascribed to such term in Section 5.04(a) of this Agreement.

Intercompany Investments is defined in SECTION 8.18(B). ------------------------ ---------------

Intercompany Investments any Investment among the Initial Borrower and/or any Restricted Subsidiaries.