Common use of Intercompany Indebtedness Clause in Contracts

Intercompany Indebtedness. (a) The Company will not, and will not cause or permit any Subsidiary to, enter into or maintain any Intercompany Indebtedness other than (i) Guaranty Obligations permitted by Sections 7.16(e) and 7.16(h) (Limitations on Incurrence of Additional Indebtedness) and (ii) Intercompany Indebtedness entered into pursuant to Section 6.11 (Intercompany Indebtedness) and that is either (x) owed to any Subsidiary in the Gimsa Division by the Company or (y) subordinated to the Loan pursuant to the Intercompany Subordination Agreement and the Intercompany Trust Agreement, and where all rights of such Intercompany Lender of such Intercompany Indebtedness (other than Intercompany Indebtedness owed to any Subsidiary in the Gimsa Division by the Company) have been assigned to the Trustee pursuant to the Intercompany Trust Agreement.

Intercompany Indebtedness. (a) The Company will not, and will not cause or permit any Subsidiary to, to enter into or maintain any Intercompany Indebtedness other than (i) Guaranty Obligations permitted by Sections 7.16(e) and or 7.16(h) (Limitations on Incurrence of Additional Indebtedness) and (ii) Intercompany Indebtedness entered into pursuant to Section 6.11 6.14 (Intercompany Indebtedness) and that is either (x) owed to any Subsidiary in the Gimsa Division by the Company or (y) subordinated to the Loan Loans pursuant to the Intercompany Subordination Agreement and the Intercompany Trust Agreement, and where all rights of such Intercompany Lender of such Intercompany Indebtedness (other than Intercompany Indebtedness owed to any Subsidiary in the Gimsa Division by the Company) have been assigned to the Trustee pursuant to the Intercompany Trust Agreement.