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

  • With respect to the Waiver and Improvement Agreement, the Subordinated Note, the Eligible Intercompany Investments and any documents relating to the enforcement of the foregoing, the Independent Directors shall only take into account the interests of the holders of the Partnership Interests.

  • 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.

  • Except with respect to the Subordinated Note, any Eligible Intercompany Investments or the Waiver and Improvement Agreement and any other documents relating to the enforcement of any of the foregoing, the Charter provides that the Independent Directors are required to take into account the interests of the holders of both Partnership Interests and the LLC Common Securities in assessing the benefit to the LLC of any proposed action requiring their consent.

  • 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.

  • 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.

  • Both trades involve personal services of the individual, but only the law firm has adopted the qualified plan.

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

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

  • Medpace South Africa (Pty) Limited Intercompany Investments 15 Medpace, Inc.


More Definitions of Intercompany Investments

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

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

  • 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 Parent or any of its Subsidiaries (other than the Bank or its Subsidiaries) from the Bank or its Subsidiaries.

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

  • 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.

  • 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 Payables means all account, note or loan payables and all advances (cash or otherwise) or any other Extensions of Credit that are payable by Parent or any of its Subsidiaries (other than the Bank or its Subsidiaries) to the Bank or its 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.

  • 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 Seller (other than trade receivables generated in the ordinary course of business of the Seller).