Examples of Intercompany Leases in a sentence
Each of the Companies acknowledges and agrees that its rights and benefits under the Intercompany Leases are junior, inferior and subordinate to the Lien of the Administrative Agent on any property subject to the Intercompany Leases.
This Note is issued pursuant to the terms, provisions and conditions of an agreement captioned "Term Loan Agreement" dated as of even date between Borrower and Lender and evidences the Loan and Loan Advances made pursuant thereto.
All Intercompany Leases must be in the form of Exhibit B attached hereto.
New Borrower or an existing Borrower, as applicable, shall have delivered copies of all leases encumbering, or otherwise affecting or encumbering the Additional Property (including without limitation any Intercompany Leases) in form and substance acceptable to Agent.
All Intercompany Leases relating to any Additional Property must, at a minimum, contain provisions allowing Agent to terminate any such Intercompany Lease during the continuation of an Event of Default..