Subordinated Intercompany Loan definition

Subordinated Intercompany Loan means the subordinated intercompany loan in an amount of up to £150,000,000 (reduced as provided in Clause 23.37) made available to the Company pursuant to the terms of the Subordinated Intercompany Loan Agreement.
Sample 1
Subordinated Intercompany Loan means the Indebtedness of Xxxxxx Foods under the Subordinated Intercompany Loan Agreement, the repayment conditions of which are subject to the Subordination Agreement.
Sample 1
Subordinated Intercompany Loan means any loan from Subordinated Noteholder to any Credit Party (other than any Indebtedness represented by the Subordinated Convertible Notes and the Subordinated Secured Notes.)
Sample 1

Examples of Subordinated Intercompany Loan in a sentence

  • All capitalised terms used in this Agreement of Disclosed Pledge of Subordinated Intercompany Loan Receivables (the “Agreement”), including the recitals, and not otherwise defined herein shall have the meaning assigned to them in the Credit Agreement or the Guarantee.

  • The Pledgor (and, by its execution and delivery of the Acknowledgement and Consent attached to this Pledge Agreement, the Issuer) hereby acknowledges that the payment of any Restricted Interest on the Company Subordinated Intercompany Loan, to the extent not permitted to be paid under the definition of the term Consolidated Cash Interest Expense in Section 1 of the Credit Agreement, shall be deemed to constitute an Event of Default at the time of, rather than after, the making of such payment.

  • Promptly after the payment in full of the Bridge Facility, the Company will and will procure that Enodis plc will, pursuant to clause 3.2 of the Subordinated Intercompany Loan Agreement or otherwise, settle an amount of the Subordinated Intercompany Loan by the issue of ordinary shares of the Company to Enodis plc so that the amount of the Subordinated Intercompany Loan then outstanding will not exceed the aggregate face amount of the Bonds.

  • Subject to the Subordination Agreement, the Company agrees to enforce all its rights under the Subordinated Intercompany Loan to ensure that all amounts due thereunder are paid to it.


More Definitions of Subordinated Intercompany Loan

Subordinated Intercompany Loan means any intercompany loan of International or a Subsidiary of International that is subordinated to the Indebtedness evidenced by the Senior Subordinated Notes pursuant to any Senior Subordinated Indenture.
Sample 1
Subordinated Intercompany Loan means any loan from Subordinated Noteholder to any Credit Party.
Sample 1

Related to Subordinated Intercompany Loan

  • 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.

  • Subordinated Intercompany Debt shall have the meaning assigned to such term in Section 6.01(e).

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

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).

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

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party, (b) a Subsidiary of a Borrower that is not a Loan Party to another Subsidiary of a Borrower that is not a Loan Party and (c) a Subsidiary of a Borrower that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

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

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated to payment of the obligations under the Loan Documents.

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

  • Subordinated Loan Agreement means the subordinated loan agreement dated on or about the Closing Date, as amended from time to time, and entered into by, amongst others, the Issuer, the Subordinated Lender and the Security Trustee, under which the Subordinated Lender will advance (or has advanced) the Subordinated Loan to the Issuer.

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • Subordinated Indebtedness Documents means any document, agreement or instrument evidencing any Subordinated Indebtedness or entered into in connection with any Subordinated Indebtedness.

  • 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 Advance Agreement The Intercompany Advance Agreement, dated as of September 11, 2009, between Ally Bank and Ally Auto, as amended, supplemented or modified from time to time.

  • Subordinated Loan Documents means at any time the agreements and other documents then governing the Subordinated Indebtedness.

  • Subordinated Note Documents means the indenture under which the Subordinated Notes were issued and all other instruments, agreements and other documents evidencing or governing the Subordinated Notes or providing for any Guarantee or other right in respect thereof.

  • Subordinated Debt is indebtedness incurred by Borrower subordinated to all of Borrower’s now or hereafter indebtedness to Bank (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Bank entered into between Bank and the other creditor), on terms acceptable to Bank.

  • 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.

  • Junior Subordinated Indebtedness means the principal of (and premium, if any) and unpaid interest on (a) indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed, which in the instrument creating or evidencing the same or pursuant to which the same is outstanding it is provided that such indebtedness ranks junior in right of payment to the Company’s Senior Indebtedness and Senior Subordinated Indebtedness and equally and pari passu in right of payment to any other Junior Subordinated Indebtedness, (b) Junior Subordinated Securities, and (c) renewals, extensions, modifications and refinancings of any such indebtedness.

  • 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.

  • Second Lien Note Documents means the Second Lien Note Indenture, the Second Lien Notes, the Second Lien Security Documents and each other document, instrument or agreement relating to the issuance of the Second Lien Notes, as the same may be amended, restated, supplemented, waived and/or otherwise modified from time to time in accordance with the terms thereof, of this Agreement and of the Intercreditor Agreement.

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

  • Second Lien Notes has the meaning set forth in the recitals hereto.

  • Subordinated Debt Documents means any documents evidencing and/or securing Debt governed by a Subordination Agreement, all of which documents must be in form and substance acceptable to Agent in its sole discretion. As of the Closing Date, there are no Subordinated Debt Documents.

  • Senior Subordinated Indebtedness means the Securities and any other Indebtedness of the Company that specifically provides that such Indebtedness is to rank pari passu with the Securities in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of the Company which is not Senior Indebtedness.