Advances to Restricted Subsidiaries. All advances, other than equity contributions, to Restricted Subsidiaries made by the Partnership after the date of the Indenture shall be evidenced by intercompany notes in favor of the Partnership. These intercompany notes shall be pledged pursuant to the Collateral Documents to the Trustee as Collateral to secure the Notes. Each intercompany note shall be payable upon demand and will bear interest at a rate equal to the then current fair market interest rate.
Appears in 4 contracts
Samples: Circus and Eldorado Joint (Circus & Eldorado Joint Venture), Circus and Eldorado Joint (Circus & Eldorado Joint Venture), Indenture (Circus & Eldorado Joint Venture)
Advances to Restricted Subsidiaries. All advances, other than equity contributions, to Restricted Subsidiaries made by the Partnership after the date of the this Indenture shall be evidenced by an intercompany notes note in favor of the Partnership. These Any such intercompany notes shall be pledged pursuant to the Collateral Documents to the Trustee as Collateral to secure the Notes. Each intercompany note shall be payable upon demand and will shall bear interest at a rate equal to the then current fair market interest rate.
Appears in 2 contracts
Samples: Indenture (NGA Holdco, LLC), Investment Agreement (Shreveport Capital Corp)
Advances to Restricted Subsidiaries. All advances, other than equity contributions, to Restricted Subsidiaries made by the Partnership after the date of the this Indenture shall be evidenced by an intercompany notes Note in favor of the Partnership. These Any such intercompany notes Notes shall be pledged pursuant to the Collateral Documents to the Trustee as Collateral to secure the Notes. Each intercompany note shall be payable upon demand and will shall bear interest at a rate equal to the then current fair market interest rate.
Appears in 1 contract
Samples: HCS Ii Inc
