Pledged Intercompany Debt definition

Pledged Intercompany Debt means all debt owing to the Issuer or any Guarantor from any Restricted Subsidiary.
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Pledged Intercompany Debt means, with respect to each Pledgor, all Intercompany Indebtedness payable to such Pledgor by any Company (and each other intercompany note hereafter acquired by such Pledgor) and all Intercompany Notes, certificates, Instruments or agreements evidencing such Intercompany Indebtedness, and all assignments, amendments, restatements, supplements, extensions, renewals, replacements or modifications thereof.
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Pledged Intercompany Debt has the meaning given to such term in the definition of “Collateral and Guarantee Requirement.”
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Examples of Pledged Intercompany Debt in a sentence

  • Such Grantor shall promptly after such Grantor obtains possession thereof, deliver to the Collateral Agent, in the exact form received, duly indorsed by such Grantor to the Collateral Agent together with an undated stock or other transfer power duly executed in blank, (A) all Pledged Certificated Stock and (B) all Pledged Intercompany Debt Instruments.

  • Pledged Intercompany Debt Instruments Delivery of each Pledged Intercompany Debt Instrument.

  • Except in connection with a transaction permitted by the Credit Agreement, no Grantor shall take any action to create or permit any Lien on any of the Pledged Stock issued by a Restricted Subsidiary or any Pledged Intercompany Debt Instruments having priority over the Collateral Agent’s Lien except for Permitted Liens having priority over the Collateral Agent’s Lien by operation of law.

  • All of the Pledged Intercompany Debt set forth on Schedule 4 annexed hereto is the legally valid and binding obligation of the issuers thereof (except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles).

  • All of the Pledged Intercompany Debt set forth on Schedule 5 annexed hereto is the legally valid and binding obligation of the issuers thereof (except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles).

  • Within (5) days following Closing Date (as such date may be extended by the Administrative Agent in its sole discretion), to the extent not previously delivered to the Administrative Agent, the Borrower shall, and shall cause each of its Subsidiaries to deliver to the Administrative Agent each of the Pledged Intercompany Debt Instruments listed on Schedule 5B to the Collateral Agreement, in each case, with a transfer power duly executed in blank.

  • Cette première étape nous aide ainsi à déterminer si l’enseignant avait conscience de ces changements de langues.


More Definitions of Pledged Intercompany Debt

Pledged Intercompany Debt means, with respect to each Pledgor, all Intercompany Indebtedness payable to such Pledgor by any Company, including all Intercompany Indebtedness described in Section II.H of the Perfection Certificate (and each other intercompany note hereafter acquired by such Pledgor) and all Intercompany Notes, certificates, Instruments or agreements evidencing such Intercompany Indebtedness, and all assignments, amendments, restatements, supplements, extensions, renewals, replacements or modifications thereof.
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Pledged Intercompany Debt means all debt owing to the Issuers or any Subsidiary Guarantor from any Restricted Subsidiary.
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Pledged Intercompany Debt means, with respect to each Pledgor, all Intercompany Indebtedness payable to such Pledgor by any Borrower or any Subsidiary thereof (and each other intercompany note hereafter acquired by such Pledgor) and all intercompany notes, certificates, Instruments or agreements evidencing such Intercompany Indebtedness, and all assignments, amendments, restatements, supplements, extensions, renewals, replacements or modifications thereof. Notwithstanding anything herein to the contrary, the term “Pledged Intercompany Debt” shall not include any Excluded Assets.
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Pledged Intercompany Debt has the meaning set forth in the Security Agreements.
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Pledged Intercompany Debt means Pledged Debt owed to a Grantor by any obligor that is an Affiliate of such Grantor, whether or not such obligor is a Loan Party.
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Pledged Intercompany Debt means all debt owing to Holdings, the Issuers or any Subsidiary Guarantor from any Restricted Subsidiary.
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Related to Pledged Intercompany Debt

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

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

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

  • Pledged Equity Interests means all Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests and Pledged Trust Interests.

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

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

  • Pledged LLC Interests means all right, title and interest of any Grantor as a member of any LLC and all right, title and interest of any Grantor in, to and under any LLC Agreement to which it is a party.

  • Excluded Equity Interests means (a) any Equity Interests with respect to which, in the reasonable judgment of the Administrative Agent and the Borrower, the cost or other consequences of pledging such Equity Interests in favor of the Secured Parties under the Security Documents shall be excessive in view of the benefits to be obtained by the Secured Parties therefrom, (b) solely in the case of any pledge of Equity Interests of any Foreign Subsidiary or FSHCO (in each case, that is owned directly by the Borrower or a Guarantor) to secure the Obligations, any Equity Interest that is Voting Stock of such Foreign Subsidiary or FSHCO in excess of 65% of the Voting Stock of such Subsidiary, (c) any Equity Interests to the extent the pledge thereof would be prohibited by any Requirement of Law, (d) in the case of (i) any Equity Interests of any Subsidiary to the extent the pledge of such Equity Interests is prohibited by Contractual Requirements existing on the Closing Date or at the time such Subsidiary is acquired (provided that such Contractual Requirements have not been entered into in contemplation of such Subsidiary being acquired), or (ii) any Equity Interests of any Subsidiary that is not a Wholly owned Subsidiary at the time such Subsidiary becomes a Subsidiary, any Equity Interests of each such Subsidiary described in clause (i) or (ii) to the extent (A) that a pledge thereof to secure the Obligations is prohibited by any applicable Contractual Requirement (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable Requirements of Law), (B) any Contractual Requirement prohibits such a pledge without the consent of any other party; provided that this clause (B) shall not apply if (1) such other party is a Credit Party or a Wholly owned Subsidiary or (2) consent has been obtained to consummate such pledge (it being understood that the foregoing shall not be deemed to obligate the Borrower or any Subsidiary to obtain any such consent)) and only for so long as such Contractual Requirement or replacement or renewal thereof is in effect, or (C) a pledge thereof to secure the Obligations would give any other party (other than a Credit Party or a Wholly owned Subsidiary) to any Contractual Requirement governing such Equity Interests the right to terminate its obligations thereunder (other than customary non-assignment provisions that are ineffective under the Uniform Commercial Code or other applicable Requirement of Law), (e) the Equity Interests of any Immaterial Subsidiary (unless a security interest in the Equity Interests of such Subsidiary may be perfected by filing an “all assets” UCC financing statement) and any Unrestricted Subsidiary, (f) the Equity Interests of any Subsidiary of a Foreign Subsidiary or FSHCO, (g) any Equity Interests of any Subsidiary to the extent that the pledge of such Equity Interests would result in material adverse tax consequences to the Borrower or any Subsidiary as reasonably determined by the Borrower, (h) any Equity Interests set forth on Schedule 1.1(b) which have been identified on or prior to the Closing Date in writing to the Administrative Agent by an Authorized Officer of the Borrower and agreed to by the Administrative Agent and (i) Margin Stock.

  • Company Indebtedness means all indebtedness of the Company (including without limitation, any loans, advances, letters of credit, bank overdrafts, capital lease obligations and all other indebtedness of any kind including interest, principal and fees).

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