Intercompany Subordination Agreement definition

Intercompany Subordination Agreement means an intercompany subordination agreement, dated as of even date with the Agreement, executed and delivered by Borrower, each of its Subsidiaries, and Agent, the form and substance of which is reasonably satisfactory to Agent.

Intercompany Subordination Agreement means an Intercompany Subordination Agreement substantially in the form of Exhibit J by and among the Administrative Agent and the applicable Credit Parties or Subsidiaries thereof party thereto.

Intercompany Subordination Agreement means an Intercompany Subordination Agreement made by the Parent and its Subsidiaries in favor of the Collateral Agent for the benefit of the Agents and the Lenders, in form and substance reasonably satisfactory to the Collateral Agent.

Examples of Intercompany Subordination Agreement in a sentence

• Each Loan Party shall cause any Indebtedness, loans or advances owed by any Loan Party to any Restricted Subsidiary that is not a Guarantor to be subordinated pursuant to the terms of the Intercompany Subordination Agreement.

• Cause all Indebtedness and other obligations now or hereafter owed by it to any of its Subsidiaries that are not Loan Parties, to be subordinated in right of payment and security to the Indebtedness and other Obligations owing to the Agents and the Lenders pursuant to the Intercompany Subordination Agreement.

• Any Indebtedness or other Obligation of any Loan Party to a Guarantor shall be subordinated to such Loan Party’s Secured Obligations in the manner set forth in the Intercompany Subordination Agreement.

• All Obligations constitute senior indebtedness entitled to the benefits of the subordination provisions contained in each of the Techwoods Subordination Agreements and the Intercompany Subordination Agreement and, with respect to all other Subordinated Debt, the subordination provisions applicable thereto.

• The subordination provisions of each of the Techwoods Subordination Agreements and the Intercompany Subordination Agreement are enforceable by Agent against the holders of the Indebtedness subject thereto and, with respect to all other Subordinated Debt, the subordination provisions applicable thereto are enforceable against the holders of such Subordinated Debt by Agent.

More Definitions of Intercompany Subordination Agreement

Intercompany Subordination Agreement means the Intercompany Subordination Agreement, substantially in the form attached as Exhibit G.

Intercompany Subordination Agreement means an intercompany subordination agreement, dated as of even date with this Agreement, executed and delivered by each Loan Party and each of its Subsidiaries, and Agent, the form and substance of which is reasonably satisfactory to Agent.

Intercompany Subordination Agreement means that certain Subordination Agreement dated on or about the Original Restatement Closing Date by and among Agent, the “Subordinated Creditors” (as defined therein) and the “Subordinated Debtors” (as defined therein), as the same may be amended, restated, supplemented or otherwise modified from time to time.

Intercompany Subordination Agreement means an agreement executed by each Restricted Subsidiary of the Borrower, in substantially the form of Exhibit L.

Intercompany Subordination Agreement shall have the meaning provided in Section 6.08(b).

Intercompany Subordination Agreement means (i) the Master Intercompany Note or (ii) an Intercompany Subordination Agreement made by the Parent and its Subsidiaries in favor of the Collateral Agent for the benefit of the Agents and the Lenders, in form and substance reasonably satisfactory to the Collateral Agent.

Intercompany Subordination Agreement means the Subordination Agreement among the Loan Parties and the Restricted Subsidiaries, dated as of the Closing Date, in substantially the form of Exhibit 1.1(I)(2), executed and delivered by the Loan Parties and the Restricted Subsidiaries.