Intercompany Security definition

Intercompany Security means the security interest granted by the Applicant in favour of Holdco pursuant to the general security agreement dated May 1, 2013 and the hypothec granted by the Applicant in favour of Holdco pursuant to the hypothec agreement dated May 26, 2015.
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Intercompany Security means the following encumbrances, which shall be granted as security for all outstanding amounts under any Intercompany Loan granted by the Issuer to any of the Guarantors, and sub-pledged as direct Security for all outstanding amounts under the Finance Documents (to the extent applicable by law):
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Examples of Intercompany Security in a sentence

  • The TNEH UK Intercompany Security shall rank junior to the DIP Liens, and shall be valid, binding, and automatically perfected under paragraph 9 of this Final Order.

  • The new standard requires extensive disclosure regarding the amount and timing of leases and lease related cash flows (See Appendix 1 Figure 2).

  • The potential of fines imposed if livestock break into the areas.It should also be born in mind that the purpose of excluding livestock is to allow the natural biodiversity to return.

  • The appellant relies on the decision of this Court in Intercompany Security Services (Cape) (Pty) Ltd v Transport and General Workers Union ,16 in support of the argument that the interpretation of a collective is argument is a matter of law not involving questions of fairness and equity.

  • The Intercompany Security Protocol provides that, except where prohibited by local law, any credit support, guarantee, cash or cash equivalents transferred by any Debtor to or for the benefit of a non-debtor subsidiary (except for repayments of intercompany liabilities incurred in the ordinary course of business), shall be evidenced by an intercompany unsecured note or ledger entry.

  • Perfection of the Transaction Security on first priority (i.e. subject to release/transfer of the Existing Security and the existence of the Intercompany Security) shall be established as soon as possible on or after the first release of funds from the Escrow Account according to the terms of the closing procedure approved by the Bond Trustee.

  • Funds in the Cash Pool Requirements Account will be available to the Debtors for disbursement to any Group Company, on an as-needed basis (subject to the Intercompany Security Protocol, as described below) following a written request by the requesting Group Company which indicates the amount and purpose of the funds.

  • Our theoretical predictions for the time evolution of the statistical properties of these quantities are verified by numerical experiments.

Related to Intercompany Security

  • Company Security means any class or series of equity or voting interest in the Company (but excluding any options, rights, warrants and appreciation rights relating to an equity or voting interest in the Company), including Common Shares and the Voting Share.

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

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

  • Intercompany Obligations as defined in the Guarantee and Collateral Agreement.

  • Company Security Agreement means the Company Security Agreement executed and delivered by Company on the Closing Date, substantially in the form of Exhibit XIV annexed hereto, as such Company Security Agreement may thereafter be amended, supplemented or otherwise modified from time to time.

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

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

  • 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 Indebtedness means Indebtedness of Company or any of their respective Subsidiaries which is owing to any member of such group.

  • 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, (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, the parties thereto are party to the Intercompany Subordination Agreement, and (d) a Loan Party to or in a Subsidiary that is not a Loan Party so long as (i) the aggregate amount of all such Investments made by the Loan Parties to or in Subsidiaries that are not Loan Parties does not exceed $1,000,000 at any time outstanding, (ii) no Default or Event of Default has occurred and is continuing either before or after giving effect to such Investment, and (iii) the Borrowers have Excess Availability plus Qualified Cash of not less than $10,000,000 after giving effect to such Investment.

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

  • 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 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 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 Debt has the meaning specified in Section 7.02.

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

  • Subsidiary Security Agreement means a security agreement substantially in the form of Exhibit I hereto by the Subsidiary Guarantors in favor of the Collateral Agent.

  • 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.

  • Subsidiary Stock means, with respect to any Person, the stock (or any options or warrants to purchase stock or other Securities exchangeable for or convertible into stock) of any Subsidiary of such Person.

  • Subsidiary Interests means, collectively, the issued and outstanding shares of stock of the Subsidiary Debtors as of the Petition Date and any options, warrants or other contractual rights to acquire any shares of stock of the Subsidiary Debtors as of the Petition Date.

  • Intercompany Claim means any Claim held by a Debtor against another Debtor.

  • Company Obligations means all Obligations of the Company.

  • Transaction Security means the Security provided for the Secured Obligations pursuant to the Security Documents.

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