TMS Intercompany Indebtedness definition

TMS Intercompany Indebtedness means the Indebtedness in the initial principal amount of $395,000,000 incurred by the Borrower from the Parent pursuant to a loan agreement dated May 15, 2008.
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TMS Intercompany Indebtedness means the loan agreement in the principal amount of USD 395,000,000 made between Trico Marine Services Inc. as lender, and Trico Shipping AS, as borrower, dated [May 15, 2008].
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TMS Intercompany Indebtedness means the Loan Agreement in the principal amount of $395,000,000 made between the Parent, as lender, and the Borrower, as borrower, dated on or around May 15, 2008.” “‘Trico Shipping Credit Agreement’ shall mean that certain credit agreement dated May 14, 2008 among Trico Supply AS, Trico Subsea Holding AS, Trico Subsea AS, Trico Shipping AS, Nordea Bank Finland plc, New York Branch as Administrative Agent, the lenders from time to time party thereto (as the same may be amended, modified, extended, renewed, restated, supplemented, restructured and/or refinanced from time to time).”
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Examples of TMS Intercompany Indebtedness in a sentence

  • The Borrower shall cause Trico Shipping AS to repay the TMS Intercompany Indebtedness in an amount equal to 100% of the Net Cash Proceeds from the Collateral Disposition of the Northern Challenger, the Northern Clipper and/or the Northern Corona on the later of (x) the fifth Business Day following the Sixth Amendment Effective Date and (y) the fifth Business Day following the date on which such Net Cash Proceeds are received.”.

  • Section 11.04 of the Credit Agreement is hereby amended by adding the phrase “, the TMS Intercompany Indebtedness, the Trico Marine Cayman Intercompany Loan, the Trico Supply Intercompany Loan Documentation and any other intercompany loans” immediately after the phrase “other than the Obligations,” contained in each of subsections (i) and (ii) therein.

Related to TMS Intercompany Indebtedness

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

  • 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).

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

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

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

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

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

  • 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.

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

  • Permitted Subsidiary Indebtedness means any of the following:

  • Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.

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

  • Acquisition Indebtedness means any Indebtedness of the Loan Parties that has been issued for the purpose of financing, in part, the acquisition of an Acquired Entity or Business.

  • Settlement Indebtedness means any payment or reimbursement obligation in respect of a Settlement Payment.

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

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

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

  • Attributable Receivables Indebtedness at any time means the principal amount of Indebtedness which (i) if a Permitted Receivables Facility is structured as a secured lending agreement, would constitute the principal amount of such Indebtedness or (ii) if a Permitted Receivables Facility is structured as a purchase agreement, would be outstanding at such time under the Permitted Receivables Facility if the same were structured as a secured lending agreement rather than a purchase agreement.

  • Receivables Facility Attributed Indebtedness means the amount of obligations outstanding under a receivables purchase facility on any date of determination that would be characterized as principal if such facility were structured as a secured lending transaction rather than as a purchase.

  • 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.

  • Excluded Indebtedness means all Indebtedness not incurred in violation of Section 6.01.

  • Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Second Lien Indebtedness means the Indebtedness of the Loan Parties owing to the Second Lien Agent and the Second Lien Lenders under the Second Lien Credit Agreement, which Indebtedness is on terms and conditions reasonably acceptable to the Collateral Agent.

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

  • Permitted Secured Indebtedness any Secured Indebtedness that: