Intragroup Loans definition
Examples of Intragroup Loans in a sentence
Intragroup Loans The two loans which UnipolSai and Unipol will grant respectively to UnipolRental with the main aim of providing the latter with the resources necessary to fulfil to the commitments undertaken vis-à-vis BPER.
As described in the section entitled "Use of Proceeds" of this Prospectus, the proceeds of the issue of the Bonds will be on-lent to the Guarantor and SCI Milly by way of new intragroup loans in order to refinance in part the Initial Intragroup Loans and the amount received by the Issuer from the redemption of the Initial Intragroup Loans will be used to refinance in part the Bridge Facility.
As described in “Use of Proceeds”, the proceeds of the issue of the Bonds will be on-lent to the Guarantor and SCI Milly by way of new intragroup loans in order to refinance in part the Initial Intragroup Loans and the amount received by the Issuer from the redemption of the Initial Intragroup Loans will be used to refinance in part the Bridge Facility.
Except as required by the applicable law any indemnification payment made pursuant to this Agreement (Indemnification Payment) shall be treated as an adjustment to the Purchase Price, provided however that if the total amount of all Indemnification Payments in aggregate is higher than the Purchase Price the difference between such total amount of Indemnification Payments and Purchase price shall be treated as an adjustment to the Intragroup Loans' Reimbursement.
The Issuer and the Guarantors shall not be under an obligation to grant Transaction Security over any claims pursuant to any cash pool arrangement or over any intra-group loans other than the Material Intragroup Loans.
Standard European driving cycle (NEDC)2010+Europe8GM/ LBST2002LBST E2 Database (WtT); GMproprietary vehicle simulation tool (TtW)ICEV, HEV, FCV;gasoline & diesel, CNG, LPG,synthetic liquid fuels, biofuels, H22002 Opel Zafira with projected 2010 powertrain 1.8L gasoline ICE, 5 speed manual transmission.
The Company’s other long-term receivables as at 31/12/2019 and 31/12/2018, are analyzed as follows: 31/12/201931/12/2018Receivables form Intra-group Loan146.63258.745Total146.63258.745 Interest income from Intra-group Loans for the fiscal year 2019 amounted to € 3.152 k (see Note 13) and is included in the “Interest Income” item of the Statement of Comprehensive Income.
Pursuant to the Shareholders’ Agreement, MMG SA, Elion Holdings and CITIC have agreed to provide further funding and financial support to the JV Company in proportion to their respective shareholdings so as to allow the JV Company to provide to the Purchasers sufficient funds, in addition to the amount from external financing, to settle the Share Consideration and to provide a loan to the Project Company to repay the Intragroup Loans and to complete the development of the Las Xxxxxx Project.
Payment of interest, but not repayment of principal, on Intragroup Loans subject to Transaction Security shall be allowed up and until a Triggering Event.
Save for the Bank Loans and the Intragroup Loans, no loan agreement is in place as of Closing Date.