Common use of Instruments Evidencing Intercompany Indebtedness Clause in Contracts

Instruments Evidencing Intercompany Indebtedness. Each Company shall cause (i) each instrument which now or hereafter evidences all or a portion of the Intercompany Indebtedness (excluding Intercompany Leases) and (ii) each Intercompany Lease which is entered into after the date hereof to be conspicuously marked as follows: This instrument is subject to the terms of an Intercompany Subordination Agreement in favor of PNC Bank, National Association, as Administrative Agent for the Lenders referred to therein, which 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 Intercompany Subordination Agreement. Each Company will further xxxx its books of account in such a manner as shall be effective to give proper notice of the effect of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (CALGON CARBON Corp)

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Instruments Evidencing Intercompany Indebtedness. Each Company shall cause (i) each instrument which now or hereafter evidences all or a portion of the Intercompany Indebtedness (excluding Intercompany Leases) and (ii) each Intercompany Lease which is entered into after the date hereof to be conspicuously marked as follows: This instrument is subject to the terms of an that certain Amended and Restated Intercompany Subordination Agreement dated as of June 22, 2016, in favor of PNC BankBANK, National AssociationNATIONAL ASSOCIATION, as the Administrative Agent for the Lenders referred to therein, which 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 the Amended and Restated Intercompany Subordination Agreement. .” Each Company will further xxxx its books of account internal records in such a manner as shall be effective to give proper notice of to the effect of this Agreement.

Appears in 1 contract

Samples: Refinancing Credit Agreement (Westinghouse Air Brake Technologies Corp)

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Instruments Evidencing Intercompany Indebtedness. Each Company shall cause (i) each instrument which now or hereafter evidences all or a portion of the Intercompany Indebtedness (excluding Intercompany Leases) and (ii) each Intercompany Lease which is entered into after the date hereof to be conspicuously marked as follows: This instrument is subject to the terms of an Intercompany Subordination Agreement dated as of November 6, 2013, in favor of PNC Bank, National Association, as Administrative Agent for the Lenders referred to therein, which 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 Intercompany Subordination Agreement. Each Company will further xxxx its books of account in such a manner as shall be effective to give proper notice of the effect of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Calgon Carbon Corporation)

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