Common use of Instruments Evidencing Intercompany Indebtedness Clause in Contracts

Instruments Evidencing Intercompany Indebtedness. Each Loan Party shall cause each instrument, if any, which now or hereafter evidences all or a portion of the Intercompany Indebtedness to be conspicuously marked as follows: “This instrument is subject to the terms of a Fourth Amended and Restated Intercompany Subordination Agreement, dated September 7, 2018, in favor of PNC Bank, National Association, as Administrative Agent for the Lenders referred to therein, which Fourth Amended and Restated Intercompany Subordination Agreement is incorporated herein by reference. Notwithstanding any contrary statement contained in the within instrument, no payment on account of the principal thereof or interest thereon shall become due or payable except in accordance with the express terms of said Fourth Amended and Restated Intercompany Subordination Agreement.” Each Loan Party will further xxxx its books of account in such a manner as shall be effective to give proper notice to the effect of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (MSA Safety Inc)

AutoNDA by SimpleDocs

Instruments Evidencing Intercompany Indebtedness. Each Loan Party shall cause each instrument, if any, which now or hereafter evidences all or a portion of the Intercompany Indebtedness to be conspicuously marked as follows: “This instrument is subject to the terms of a Fourth an Amended and Restated Intercompany Subordination Agreement, dated September March 7, 20182014, in favor of PNC Bank, National Association, as Administrative Agent for each of the Lenders holders of Notes referred to therein, which Fourth Amended and Restated Intercompany Subordination Agreement is incorporated herein by reference. Notwithstanding any contrary statement contained in the within instrument, no payment on account of the principal thereof or interest thereon shall become due or payable except in accordance with the express terms of said Fourth Amended and Restated Intercompany Subordination Agreement.” Each Loan Party will further xxxx mark its books of account in such a manner as shall be effective to give proper notice to the effect of this Agreement.. A/75944651.4

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (MSA Safety Inc)

Instruments Evidencing Intercompany Indebtedness. Each Loan Party shall cause each instrument, if any, which now or hereafter evidences all or a portion of the Intercompany Indebtedness to be conspicuously marked as follows: “This instrument is subject to the terms of a Fourth Amended and Restated an Intercompany Subordination Agreement, dated September 7January __, 20182023, in favor of PNC Bank, National Association, as Administrative Agent for the Lenders referred to therein, which Fourth Amended and Restated Intercompany Subordination Agreement is incorporated herein by reference. Notwithstanding any contrary statement contained in the within instrument, no payment on account of the principal thereof or interest thereon shall become due or payable except in accordance with the express terms of said Fourth Amended and Restated Intercompany Subordination Agreement.” Each Loan Party will further xxxx mark its books of account in such a manner as shall be effective to give proper notice to the effect of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (MSA Safety Inc)

Instruments Evidencing Intercompany Indebtedness. Each Loan Party shall cause each instrument, if any, which now or hereafter evidences all or a portion of the Intercompany Indebtedness to be conspicuously marked as follows: “This instrument is subject to the terms of a Fourth Amended and Restated an Intercompany Subordination Agreement, dated September 7August , 20182011, in favor of PNC Bank, National Association, as Administrative Agent for the Lenders referred to therein, which Fourth Amended and Restated Intercompany Subordination Agreement is incorporated herein by reference. Notwithstanding any contrary statement contained in the within instrument, no payment on account of the principal thereof or interest thereon shall become due or payable except in accordance with the express terms of said Fourth Amended and Restated Intercompany Subordination Agreement.” Each Loan Party will further xxxx its books of account in such a manner as shall be effective to give proper notice to the effect of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Universal Stainless & Alloy Products Inc)

AutoNDA by SimpleDocs

Instruments Evidencing Intercompany Indebtedness. Each Loan Party shall cause each instrument, if any, which now or hereafter evidences all or a portion of the Intercompany Indebtedness to be conspicuously marked as follows: "This instrument is subject to the terms of a Fourth Amended and Restated an Intercompany Subordination AgreementAgreement dated April 28, dated September 7, 2018, 2009 in favor of PNC Bank, National Association, as Administrative Agent for the Lenders Banks referred to therein, which Fourth Amended and Restated Intercompany Subordination Agreement is incorporated herein by reference. Notwithstanding any contrary statement contained in the within instrument, no payment on account of the principal thereof or interest thereon shall become due or payable except in accordance with the express terms of said Fourth Amended and Restated Intercompany Subordination Agreement.” Each Loan Party will further xxxx its books of account in such a manner as shall be effective to give proper notice to the effect of this Agreement."

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.