Examples of Subordinated Intercompany Note in a sentence
Except as set forth on Schedule 6.1, there is no Indebtedness outstanding as of the Effective Date that is owed by any of Holdings or any of its Subsidiaries to any of Holdings or any of its Subsidiaries, and all such Indebtedness set forth on Schedule 6.1 is unsecured, is evidenced by the Master Subordinated Intercompany Note (except as otherwise contemplated by Section 6.1(i)) and represents indebtedness for borrowed money.
The parties to the Master Subordinated Intercompany Note shall set the interest rate thereon on an arm’s-length basis.
Subordinated Intercompany Note, dated as of March 13, 2015 by and among Borrower and certain subsidiaries of Mid-Holdings party thereto from time to time.
Intermediate Holding shall have no Indebtedness or Contingent Obligations other than the Intermediate Holding Subordinated Intercompany Note, the Intermediate Holding Guarantee and Contingent Obligations permitted by subsection 13.4(f).
Notwithstanding the foregoing, the Subordinated Intercompany Note Proceeds Loan may be prepaid or reduced to facilitate or otherwise accommodate or reflect a repayment, redemption or repurchase of outstanding Notes.