Intercompany Promissory Note definition

Intercompany Promissory Note means the Master Intercompany Subordinated Note, dated the Closing Date, made by each Credit Party, as obligors, to each other Credit Party, as payees, as the same may be amended, restated or otherwise modified from time to time.
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Intercompany Promissory Note is defined in Section 1.6.10.
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Intercompany Promissory Note means an unsecured note in form and substance satisfactory to the Administrative Agents, made by the Borrower or any Subsidiary Guarantor in favor of the Borrower or any Subsidiary Guarantor, as the case may be, the obligations under which have been subordinated to the payment in full of the Obligations on terms and conditions satisfactory to the Requisite Lenders.
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Examples of Intercompany Promissory Note in a sentence

  • The Board, upon Majority Consent, may require the Members to make a Capital Contribution to the Company or loan funds (pursuant to the terms of the Intercompany Promissory Note) to the Company on a pro rata basis in accordance with the Percentage Interest of each Member or, as applicable, on some other basis as determined by the Board by Majority Consent.

  • At the request of the Administrative Agent, the Loan Parties shall use commercially reasonable efforts to provide the Administrative Agent with originals of replacement notes in respect of each of the Intercompany Promissory Notes along with executed allonges for each such Intercompany Promissory Note, each in form and substance acceptable to the Administrative Agent.

  • BCI is a party to an Intercompany Promissory Note dated as of June 26, 2001 (the “Note”), payable to the Company and evidencing funds provided by the Company to BCI for its operating, investing and financing needs.

  • At the Closing (as hereinafter defined), BC shall repay in full to BLT all principal and interest on that certain Intercompany Promissory Note, dated as of April 1, 2006, issued by BC to BLT in the aggregate original principal amount of $276,133,741.90 (as amended and as the principal and interest thereon has been and may be adjusted from time to time, the “Intercompany Note”) and BLT shall return the Intercompany Note to BC marked as cancelled.

  • Intercompany Promissory Note, dated as of September 11, 2002, made by Louisiana-Pacific Canada Pulp Co. payable to Louisiana-Pacific Corporation in the initial principal amount of $156,887.13.

  • Immediately upon the making of the initial Loans, Company shall apply approximately $96,000,000 of the proceeds of the initial Loans to fund the Acquisition Financing Requirements, contributing to UK Bidco, (1) approximately $48,000,000 (or its foreign currency equivalent) as common equity and (2) approximately $48,000,000 as an intercompany loan evidenced by the Intercompany Promissory Note.

  • The Intercompany Promissory Note, dated as of November 29, 2010, amongst Atlantic Broadband Finance, LLC, a Delaware limited liability company, Atlantic Broadband Holdings I, LLC, a Delaware limited liability company, Atlantic Broadband Management, LLC, Atlantic Broadband (Miami), LLC, Atlantic Broadband (Xxxxxx), LLC, Atlantic Broadband (Penn), LLC, Atlantic Broadband Finance, Inc., Atlantic Broadband (Miami II), LLC, and Atlantic Broadband (SC), LLC.

  • By: /s/King Owyang ------------------------- Name: King Owyang Title: President & CEO By: /s/David Achterkirchen ------------------------- Name: David Achterkirchen Title: Secretary Allonge for Revolving Intercompany Promissory Note Issued by Siliconix Incorporated to Vishay Intertechnology, Inc.

  • WHEREAS, pursuant to the terms of the Term Loan Contract, Assignor must transfer Assignee the Intercompany Promissory Notes and the Intercompany Receivables in order to meet the loan conditions; NOW, THEREFORE, Assignor hereby assigns and transfers to Assignee all the rights, ownership and interest of any kind, nature and description of Assignor over the Intercompany Promissory Note and the Intercompany Receivables.

  • Upon the Lender’s request at any time after an Event of Default has occurred and is continuing, the Borrower shall demand payment in full of the Master Intercompany Promissory Note under Section 1(c) of the Master Intercompany Promissory Note.


More Definitions of Intercompany Promissory Note

Intercompany Promissory Note means the debt instrument dated July 31, 2006 between Company and UK Bidco evidencing the $48,000,000 intercompany loan from Company to UK Bidco.
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Intercompany Promissory Note means a demand note, substantially in the form of Exhibit J hereto and in any event in form and substance satisfactory to the Agent, executed by a Loan Party, in its capacity as an intercompany borrower, in favor of any Borrower, in its capacity as an intercompany lender, and collaterally assigned to the Agent.
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Intercompany Promissory Note has the meaning assigned to such term in Section 6.33. “Interest Account” means that certain account ending in 5356 at Compass Bank that is in the name of the Borrower and subject to a control agreement in form and substance acceptable to the Super Priority Agent (providing for immediate control over such account). “Interest Payment Date” means the first Business Day of each calendar month and the Maturity Date. “Investment” has the meaning set forth in Section 1.1 of the Existing Credit Agreement. “IRS” means the United States Internal Revenue Service. “Laws” has the meaning set forth in Section 1.1 of the Existing Credit Agreement. “Legal Retainer Account” means that certain account ending in 6213 at Compass Bank that is in the name of the Borrower and subject to a control agreement in form and substance acceptable to the Super Priority Agent (providing for immediate control over such account). “Lending Office” has the meaning set forth in Section 1.1 of the Existing Credit Agreement; provided that any reference to “Administrative Agent” therein shall be to be a reference to “Super Priority Agent” and any reference to “Lender” therein shall be deemed to be a reference to “Super Priority Lender”. “Lien” has the meaning set forth in Section 1.1 of the Existing Credit Agreement. “Loan” has the meaning assigned to such term in Section 2.1. 10 502181848 v5 1205867.00001
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Intercompany Promissory Note means promissory note in form reasonably satisfactory to the Administrative Agent executed by a Subsidiary in favor of the Borrower.
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Related to Intercompany Promissory Note

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

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

  • Promissory Notes Security", "Record", "Security Account", "Software", and "Supporting Obligations".

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • 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 Loan shall have the meaning provided in Section 8.05(g).

  • 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.

  • Intercompany Subordination Agreement means an intercompany subordination agreement, dated as of even date with this Agreement, executed and delivered by each Loan Party and each of its Subsidiaries, and Agent, the form and substance of which is reasonably satisfactory to Agent.

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

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

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

  • 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.

  • 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.

  • Intercompany Obligations as defined in the Guarantee and Collateral 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 Interest means an Interest in a Debtor held by another Debtor.

  • 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 License Agreement means any cost sharing agreement, commission or royalty agreement, license or sublicense agreement, distribution agreement, services agreement, intellectual property rights transfer agreement, any related agreements or similar agreements, in each case where all parties to such agreement are one or more of the Company or a Restricted Subsidiary.

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

  • Secured Promissory Note is defined in Section 2.4.

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • 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 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.

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

  • Seller Note means the promissory note evidencing Xxxxxxxx’s repayment obligations in respect of the Seller Loan.