Subordinated Intercompany Loan definition

Subordinated Intercompany Loan means the subordinated intercompany loan in an amount of up to (pound)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.

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.)

Subordinated Intercompany Loan means any loan from Subordinated Noteholder to any Credit Party.

Examples of Subordinated Intercompany Loan in a sentence

• 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.

• 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.

• 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.

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.

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.