Examples of Intercompany Lenders in a sentence
The subordination provisions set forth herein are intended solely for the purpose of defining the relative rights of the Borrower, the other Intercompany Lenders and the other Intercompany Debtors, on the one hand, and the Administrative Agent and the other Secured Parties, on the other hand, and no other Person shall have any right, benefit or other interest under these subordination provisions.
Each of the Intercompany Lenders and each of the Junior Secured Parties agrees that this Agreement shall be enforceable against it and the other Intercompany Lenders and the other Junior Secured Parties, respectively, under all circumstances, including in any proceeding relating to an Insolvency Event.
The Intercompany Lenders hereby irrevocably waive any defense based on the adequacy of a remedy at law that might be asserted as a bar to such remedy of specific performance.
The subordination provisions set forth herein are intended solely for the purpose of defining the relative rights of Parent, the Borrower, the other Intercompany Lenders and the other Intercompany Debtors, on the one hand, and the Collateral Agent and the other Secured Parties, on the other, and no other Person shall have any right, benefit or other interest under these subordination provisions.
The subordination provisions set forth herein are intended solely for the purpose of defining the relative rights of the Intercompany Lenders and the Intercompany Debtors, on the one hand, and the Administrative Agent and the other Secured Parties, on the other, and no other Person shall have any right, benefit or other interest under these subordination provisions.
Upon the exercise of such option, the Company, Parent or such Subsidiary Guarantor, as the case may be, will use their best efforts to cause the applicable Intercompany Lenders to demand prepayment of the Intercompany Loans from the applicable Loan Recipients.
INTERCOMPANY SUBORDINATION AGREEMENT dated as of August 17, 2012 (this “Agreement”), among NAVISTAR, INC., a Delaware corporation (the “Borrower”), NAVISTAR INTERNATIONAL CORPORATION, a Delaware corporation (“Parent”), the other Intercompany Lenders and Intercompany Debtors (each as defined below) from time to time party hereto and JPMorgan Chase Bank, N.A. (“JPMCB”), as Collateral Agent.
However, the Intercreditor Agreement will contain a deemed consent provision in relation to the Intercompany Lenders.
Creditors The Bank Finance Parties, the New Secured Noteholders and the Intercompany Lenders.
Intra Group Debt Liabilities of the relevant Obligors under intercompany loans made by Intercompany Lenders to RigCo or other Obligors where such loans are required by the terms of the relevant Secured Facilities Agreement and the Intercreditor Agreement to be subordinated.