Parent Intercompany Note definition
Examples of Parent Intercompany Note in a sentence
Except as expressly supplemented hereby and pursuant to any other supplement contemplated by Section 4.12 or 4.13 of the Parent Intercompany Note Subordination Agreement, the Parent Intercompany Note Subordination Agreement shall remain in full force and effect.
Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Parent Intercompany Note Subordination Agreement.
The Parent Intercompany Note Subordination Agreement is hereby incorporated herein by reference.
Reference is made to the Parent Intercompany Note Subordination Agreement.
All communications and notices hereunder shall be in writing and given as provided in Section 4.1 of the Parent Intercompany Note Subordination Agreement.
Each reference to a “Subordinated Lender” in the Parent Intercompany Note Subordination Agreement shall be deemed to include the New Subordinated Lender.
Each reference to a “Subordinated Borrower” in the Parent Intercompany Note Subordination Agreement shall be deemed to include the New Subordinated Borrower.
Currently, Level 3 LLC is the obligor on the Parent Intercompany Note.
Pursuant to the Parent Intercompany Note Subordination Agreement, Level 3 LLC’s obligations under the Parent Intercompany Note will be subordinated to its obligations under the Offering Proceeds Note upon the limited circumstances set forth therein.
Section 4.13 of the Parent Intercompany Note Subordination Agreement provides that a Sister Restricted Subsidiary may become a Subordinated Lender under the Parent Intercompany Note Subordination Agreement by execution and delivery of an instrument in the form of this Supplement.