TARC Intercompany Loan definition

TARC Intercompany Loan means the senior secured promissory note from the Company to TEC in the fully accreted principal amount of $920,000,000 upon substantially the terms described in the Registration Statement on Form S-4, as amended, of TEC under the heading "Description of Existing Indebtedness -- TARC Intercompany Loan" and as amended from time to time in accordance with its terms.
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TARC Intercompany Loan means the loan between TARC and TEC pursuant to the Loan Agreement dated as of June 13, 1997, as amended.
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TARC Intercompany Loan means the senior secured promissory note from TARC to the Company in the fully accreted principal amount of $920,000,000 upon substantially the terms described in the form attached hereto as Exhibit I.
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Examples of TARC Intercompany Loan in a sentence

  • Any notices or other communications required or permitted hereunder shall be in writing, and shall be sufficiently given if made by hand delivery, by telex, by facsimile or registered or certified mail, postage prepaid, return receipt requested, addressed as provided in Section 9.3 of the TARC Intercompany Loan Agreement.

  • If any provision of the TARC Intercompany Loan Agreement limits, qualifies, or conflicts with any similar provision of this Agreement, such provision of the TARC Intercompany Loan Agreement shall control.

  • The TARC Intercompany Loan Agreement, and any and all other agreements, documents or instruments now or hereafter executed and delivered pursuant to the terms of the TARC Intercompany Loan Agreement, are hereby amended so that any reference therein to the TARC Intercompany Loan Agreement shall mean a reference to the TARC Intercompany Loan Agreement as amended hereby.

  • At any time after the TARC Intercompany Note is due and payable, upon maturity, acceleration thereof or otherwise, funds in any of the Accounts specified by TEC shall be disbursed by the Disbursement Agent to any account specified by TEC, upon receipt of a certificate of TEC substantially in the form of Exhibit B hereto (each, a "TEC Certificate"), certifying that such amounts will be applied promptly in satisfaction of obligations of TARC under the TARC Intercompany Loan Documents.

  • This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until termination of the obligations of the Company under the TARC Intercompany Loan Agreement and the indefeasible payment in full thereafter of the Obligations; (b) be binding upon the Company and its successors and assigns; and (c) inure to the benefit of the Lender and its successors, transferees and assigns.

  • Notwithstanding anything in this Indenture to the contrary, (i) TARC shall not, directly or indirectly, Incur or suffer to exist any Lien on the Capital Stock of TCR Holding owned by it (other than a Lien to secure the TARC Intercompany Loan), (ii) TCR Holding may incur a Lien on Capital Stock of TransContinental to secure the TARC Working Capital Loan and (iii) TransContinental shall not be bound by this Section 4.13.

  • Notwithstanding anything contained herein to the contrary, the Company may not create an encumbrance or restriction on their ability to pay premium, if any, principal of, or interest on, the TARC Intercompany Loan.

  • The Collateral, in whole or in part, may be released in accordance with the TARC Intercompany Loan Agreement and the Indenture.

  • Notwithstanding anything contained herein to the contrary, neither the Company nor TCR Holding may create an encumbrance or restriction on their ability to pay premium, if any, principal of, or interest on, the TARC Intercompany Loan.

  • The Company hereby acknowledges and consents to the collateral assignment by the Lender of this Agreement and the Lender's interest in the Collateral to the Indenture Trustee, as defined in the TARC Intercompany Loan Agreement.

Related to TARC Intercompany Loan

  • 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.

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

  • 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.

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

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

  • 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.

  • Deferred Intercompany Transaction has the meaning set forth in Treas. Reg. Section 1.1502-13.

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

  • 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 Debt has the meaning specified in Section 7.02.

  • Intercompany Interests means an Interest in a Debtor held by another Debtor and, for the avoidance of doubt, excludes the Existing Equity Interests.

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

  • Global Intercompany Note means the global intercompany note substantially in the form of Exhibit G hereto.

  • Intercompany Receivables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are receivable by Seller or any of its Affiliates (other than the Bank or the Transferred Subsidiaries) from the Bank or the Transferred Subsidiaries.

  • Intercompany Obligations as defined in the Guarantee and Collateral Agreement.

  • 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.

  • Intercompany Payables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are payable by Seller or any of its Affiliates (other than the Bank or the Transferred Subsidiaries) to the Bank or the Transferred Subsidiaries.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Closing Date Indebtedness means the aggregate amount of Indebtedness of the Company as of immediately prior to the Closing.

  • Performing Non-Cash Pay High Yield Securities means Performing High Yield Securities other than Performing Cash Pay High Yield Securities.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent in respect of a first priority pledge over the Escrow Account and all funds held on the Escrow Account from time to time, granted in favour of the Noteholders.

  • Tax Receivable Agreement means the Tax Receivable Agreement by and among Holdings, the Company, the Founding Members and the ESA Parties dated as of the IPO Date, as the same may be amended, supplemented or modified from time to time.

  • Project Finance Debt means Debt of any Subsidiary of the Borrower (i) that is (A) not recourse to the Borrower other than with respect to Liens granted by the Borrower on direct or indirect equity interests in such Subsidiary to secure such Debt and limited Guaranties of, or equity commitments with respect to, such Debt by the Borrower, which Liens, limited Guaranties and equity commitments are of a type consistent with other limited recourse project financings, and other than customary contractual carve-outs to the non-recourse nature of such Debt consistent with other limited recourse project financings, and (B) incurred in connection with the acquisition, development, construction or improvement of any project, single purpose or other fixed assets of such Subsidiary, including Debt assumed in connection with the acquisition of such assets, or (ii) that represents an extension, renewal, replacement or refinancing of the foregoing, provided that, in the case of a replacement or refinancing, the principal amount of such new Debt shall not exceed the principal amount of the Debt being replaced or refinanced plus 10% of such principal amount.

  • Seller Note means the promissory note evidencing Xxxxxxxx’s repayment obligations in respect of the Seller Loan.