Intercompany Securities definition

Intercompany Securities means all Securities issued by any Loan Party to another Loan Party or any Subsidiary of a Loan Party to a Loan Party.
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Intercompany Securities means the Initial Intercompany Security and, upon maturity or redemption thereof, any successor intercompany securities that will constitute the assets of the Company.
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Intercompany Securities means the Initial Intercompany Securities and the Successor Intercompany Securities.
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Examples of Intercompany Securities in a sentence

  • A Regulatory Event is when the Bank is notified by the Dutch Central Bank that the Bank’s capital adequacy ratio would, after payment of the interest payment on the Initial Intercompany Securities, be less than the minimum capital adequacy requirements.

  • A Regulatory Event is when the Bank is notified by the Dutch Central Bank that the Bank’s capital adequacy ratio would, after payment the interest payment on the Initial Intercompany Securities, be less than the minimum capital adequacy requirements.

  • The Trust Preferred Securities, the LLC Preferred Securities, the Perpetual Non-Cumulative Capital Securities, as defined below, and the related Guarantees, are referred to herein as the "Offered Securities." The LLC will use the proceeds from the sale of the LLC Preferred Securities to acquire, among other things, fixed income securities issued by the Bank (the "Initial Intercompany Securities").

  • The Initial Intercompany Securities have been duly authorized by the Bank, and when validly executed and delivered to and paid for by the LLC, will constitute valid and binding obligations of the Bank, enforceable in accordance with their terms, except to the extent that enforcement thereof may be limited by the Bankruptcy Exceptions.

  • At the Closing Time, the Initial Intercompany Securities will have been duly authorized by the Bank, and when validly executed and delivered to and paid for by the LLC, will constitute valid and binding obligations of the Bank, enforceable in accordance with their terms, except to the extent that enforcement thereof may be limited by the Bankruptcy Exceptions.

  • Such entitlement shall arise following the liquidation distribution of Intercompany Securities to the Common Securityholders.

  • The Companies have: the corporate power and corporate capacity to execute the Documents to which they are expressed to be a party, (in respect of Bank) to create and issue the Intercompany Securities and to undertake and perform the obligations expressed to be assumed by the Companies therein; and taken all internal corporate action required by the Articles of Association and by Dutch corporate law to approve and to authorise the same.

  • The sole assets of the LLC will be the Intercompany Securities to be issued by the ABN AMRO Bank N.V. (the "Bank").

  • The amortized cost and fair value of the Trust Securities as of June 30, 2015 and December 31, 2014 are as follows: Trust SecuritiesCarryingValue Fair ValueJune 30, 2015 In the event the Bank is notified by the Dutch Central Bank that the Bank's capital adequacy ratio would, after payment of the interest payment on the Initial Intercompany Securities, be less than the minimum capital adequacy requirements, a "Regulatory Event" would occur.

  • Class A Preferred Securityholders shall be entitled to receive when, as and if declared by the Board of Directors out of assets of the Company legally available therefor, dividends in cash or in assets of the Company, including in the form of Intercompany Securities.


More Definitions of Intercompany Securities

Intercompany Securities means the Initial Intercompany Security and, upon maturity or redemption thereof, any successor intercompany securities that will constitute the assets of the Company. "Majority in liquidation amount of the Company Preferred Securities" means, except as provided by the Trust Indenture Act, a vote by Holder(s) of Company Preferred Securities, voting separately as a class, of more than 50% of the liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Dividends to the date upon which the voting percentages are determined) of all Company Preferred Securities.
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Intercompany Securities any capital stock of any Material Subsidiary (without giving effect to the exclusion of any Subsidiary from the definition of "Material Subsidiary" pursuant to the first proviso to such definition) or Indebtedness of any Material Subsidiary (without giving effect to the exclusion of any Subsidiary from the definition of "Material Subsidiary" pursuant to the first proviso to such definition) owed to the Corporation or another Subsidiary.
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Intercompany Securities means any capital stock of any significant subsidiary or indebtedness of any significant subsidiary owed to ResCap or another subsidiary.
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Intercompany Securities means any capital stock of any Significant Subsidiary or Indebtedness of any Significant Subsidiary owed to the Company or another Subsidiary. INTEREST PAYMENT DATE:
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Related to Intercompany Securities

  • Company Securities has the meaning set forth in Section 3.02(b)(ii).

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

  • Deferred Intercompany Transaction has the meaning set forth in Treas. Reg. Section 1.1502-13.

  • 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 Interest means an Interest in a Debtor held by another Debtor.

  • Company Subsidiary Securities has the meaning set forth in Section 3.02(d).

  • 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.

  • Company Shares means the common shares in the capital of the Company;

  • Lock-Up Securities has the meaning set out in Section 5(l).

  • Preferred Equity Interests means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Subsidiary Securities means the shares of capital stock or the other equity interests issued by or equity participations in any Subsidiary, whether or not constituting a "security" under Article 8 of the Uniform Commercial Code as in effect in any jurisdiction.

  • 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.

  • 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.

  • Holdco Shares means the ordinary shares of HoldCo with a par value of US$0.0001 per share.

  • 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).

  • Existing Equity Interests means any Equity Security, including all issued, unissued, authorized, or outstanding shares of capital stock and any other common stock, preferred stock, limited liability company interests, and any other equity, ownership, or profit interests of Mariposa Intermediate, including all options, warrants, rights, stock appreciation rights, phantom stock rights, restricted stock units, redemption rights, repurchase rights, convertible, exercisable, or exchangeable securities, or other agreements, arrangements, or commitments of any character relating to, or whose value is related to, any such interest or other ownership interest in Mariposa Intermediate, whether or not arising under or in connection with any employment agreement and whether or not certificated, transferable, preferred, common, voting, or denominated “stock” or a similar security.

  • NIM Securities As defined in the tenth Recital to this Agreement.

  • Subsidiary Shares shall have the meaning specified in Section 6.3 [Subsidiaries].

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

  • Acquisition Shares means each class of shares of beneficial interest of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Preferred Equity Interest means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Excluded Equity Interests means, collectively: (i) any Equity Interests in any Subsidiary with respect to which the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) are validly prohibited by Requirements of Law; (ii) any Equity Interests in any Subsidiary with respect to which the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) require the consent, approval or waiver of any Governmental Authority or other third party and such consent, approval or waiver has not been obtained by Borrower following Borrower’s commercially reasonable efforts to obtain the same; (iii) any Equity Interests in any Subsidiary that is a non-Wholly-Owned Subsidiary that the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) are validly prohibited by, or would give any third party (other than Borrower or an Affiliate of Borrower) the right to terminate its obligations under, the Operating Documents or the joint venture agreement or shareholder agreement with respect to, or any other contract with such third party relating to such non-Wholly-Owned Subsidiary, including any contract evidencing Indebtedness of such non-Wholly-Owned Subsidiary (other than customary non-assignment provisions which are ineffective under Article 9 of the Code or other Requirements of Law), but only, in each case, to the extent, and for so long as such Operating Document, joint venture agreement, shareholder agreement or other contract is in effect; (iv) any Equity Interests in any other Subsidiary with respect to which, Borrower and the Collateral Agent reasonably determine by mutual agreement that the cost (including Tax costs) of granting the Collateral Agent, for the benefit of Lenders and the other Secured Parties, a security interest in and Lien upon, and pledging to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, such Equity Interests, to secure the Obligations (and any guaranty thereof) are excessive, relative to the value to be afforded to the Secured Parties thereby.

  • New Equity Interests means the limited liability company

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

  • Subsidiary Equity Interests has the meaning specified in Section 5.6.