Common use of Inter-Company Debt Clause in Contracts

Inter-Company Debt. (a) Save as permitted pursuant to the Subordination Agreement, the Company shall not (and shall procure that no other member of the Group shall) pay any amount of principal, interest or other amount pursuant to or relating to the Subordinated Intercompany Loan. (b) No member of the Group which is the creditor in respect of any Financial Indebtedness of any other member of the Group shall take any action to cause that Financial Indebtedness to become due or to be paid (i) where the relevant member of the Group does not have sufficient cash resources to meet such payment and to continue to carry on its business in the ordinary course, or (ii) in breach of the terms of the Priority Deed.