Permitted Intercompany Loans Sample Clauses
The Permitted Intercompany Loans clause defines the conditions under which loans may be made between entities within the same corporate group. Typically, this clause outlines the types of loans allowed, any limits on amounts, and the required approvals or documentation for such transactions. By specifying these parameters, the clause ensures that intercompany lending is conducted transparently and within agreed boundaries, helping to prevent unauthorized transfers and maintain financial discipline within the group.
Permitted Intercompany Loans. Prior to borrowing monies pursuant to a Permitted Intercompany Loan or the Borrower borrowing money from any Regulated Subsidiary, the Borrower shall provide prior written notice to the Agent of such Permitted Intercompany Loan or borrowed money, as applicable, and, if (i) a Default or Event of Default has occurred and is continuing at the time of the incurrence of such Permitted Intercompany Loan or borrowed money, as applicable, or (ii) otherwise requested by the Agent, the Borrower shall, and shall cause the applicable Subsidiary that will be the lender under such Permitted Intercompany Loan or borrowed money, as applicable, to, execute and deliver a subordination and postponement agreement substantially in the form of Schedule N, subordinating and postponing such Permitted Intercompany Loan or borrowed money, as applicable, to the Borrower Obligations.
Permitted Intercompany Loans. Guaranties in the ordinary course of business by any Borrower of any obligation owed by any Subsidiary to an unrelated third party, and guaranties by Subsidiaries of Domestic Borrower of any obligation owed by a Borrower to an unrelated third party, provided that the guarantied obligations are otherwise permitted by this Agreement and do not exceed at any time the sum of the amount set forth on Schedule 8.2.3(i) hereto as of the Closing Date plus $75,000;