Common use of Notes Collateral Clause in Contracts

Notes Collateral. Assignments of intercompany loans or notes in excess of $10,000,000, with respect to which the Company or any Subsidiary of the Company is a creditor and an obligor under the Revolving Credit Facilities Agreement or the Senior Term Loan Agreement is a debtor, in each case with such terms as are customary for transactions of this nature and are consistent with the Agreed Security Principles as set out in the Revolving Credit Facilities Agreement and the Senior Term Loan Agreement.

Appears in 3 contracts

Sources: First Supplemental Indenture (International Game Technology), Second Supplemental Indenture (International Game Technology), Third Supplemental Indenture (International Game Technology)