Principal/Subsidiary Instruments Sample Clauses

Principal/Subsidiary Instruments. It is hereby declared and agreed:
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Principal/Subsidiary Instruments. 15.1 It is hereby agreed and declared that this Guarantee and Indemnity and the Loan Documents are instruments employed in one transaction namely to secure the Facility in an aggregate sum of Ringgit Malaysia Ninety One Million (RM91,000,000.00) for principal only together with interest thereon and all other monies payable by the Borrower to the Agent and the other Beneficiaries under the Loan Documents and for the purpose of Section 4(3) of the Stamp Act 1949, the Loan Agreement shall be deemed to be the principal instrument and this Guarantee and Indemnity shall be deemed to be the subsidiary instrument.
Sample 1
Principal/Subsidiary Instruments. It is hereby agreed and declared that this Assignment and the Loan Documents are instruments employed in one transaction namely to secure the Facility in an aggregate sum of Ringgit Malaysia Ninety One Million (RM91,000,000.00) for principal only together with interest thereon and all other monies payable by the Borrower to the Agent and the Lenders under the Loan Documents and for the purpose of Section 4(3) of the Stamp Act 1949, the Loan Agreement shall be deemed to be the principal instrument and this Assignment shall be deemed to be the subsidiary instrument. 179 Borrower : Syarikat Telefon Wireless (M) Sdn. Bhd. Facility : Term Loan Facility of RM91,000,000.00
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Principal/Subsidiary Instruments. 11.1 It is hereby agreed and declared that this Memorandum and the Loan Agreement are instruments employed in one transaction namely 'to secure the Indebtedness in an aggregate sum of Ringgit Malaysia Ninety One Million (P-M9 1,000,000) for principal only together with interest thereon and all other monies payable under the Loan Agreement and the Security Documents to the Agent and the Lenders and for the purpose of Section 4(3) of the Stamp Act 1949, the Loan Agreement shall be deemed to be the principal instrument and this Memorandum shall deemed to be the subsidiary instrument. 222 Borrower : Syarikat Telefon Wireless (M) Sdn. Bhd. Facility : Term Loan Facility of RM91,000,000.00 IN WITNESS WHEREOF the Chargor has executed this Memorandum this day of ,1995. *[The Common Seal of the abovenamed ) Xxxxxxx, ) was hereunto duly affixed in ) accordance with its Constitution ) in the presence of:- ) Director Director/Secretary
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Principal/Subsidiary Instruments. 11.1 It is hereby agreed and declared that this Memorandum and the Loan Agreement are instruments employed in one transaction namely to secure the Indebtedness in an aggregate sum of Ringgit Malaysia Ninety One Million (RM91,000,000) for principal only together with interest thereon and all other monies payable under the Loan Agreement and the Security Documents to the Agent and the Lenders and for the purpose of Section 4(3) of the Stamp Act 1949, the Loan Agreement shall be deemed to be the principal instrument and this Memorandum shall deemed to be the subsidiary instrument.
Sample 1
Principal/Subsidiary Instruments. It is hereby agreed and declared that this Agreement and the Security Documents referred to in Item 11 of the First Schedule hereto are all instruments employed in one transaction to secure the amount set out in Item 3 of the First Schedule hereto and interest thereon within the meaning of Section 4(3) of the Xxxxx Xxx 0000 and for the purpose of the said Section, this Agreement shall be deemed to be the principal instrument and the other Security Documents the subsidiary instruments. FIRST SCHEDULE
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Related to Principal/Subsidiary Instruments

  • Subsidiary Indebtedness The Borrower will not permit any Subsidiary to create, incur, assume or permit to exist any Indebtedness, except:

  • Material Subsidiary Prompt notice of any Person becoming a Material Subsidiary;

  • Additional Subsidiaries If any additional Subsidiary, other than an Insignificant Subsidiary, a Notes SPV or a Special Purpose Receivables Subsidiary, is formed or acquired after the Sixth ARCA Effective Date, the Borrower will, within ten Business Days after such Subsidiary is formed or acquired, notify the Administrative Agent and the Collateral Agent thereof and cause the Collateral and Guarantee Requirement to be satisfied with respect to any Equity Interest in such Subsidiary held by a Loan Party and any Indebtedness of such Subsidiary owed to a Loan Party. If at any time any Subsidiary that is not then a Loan Party, other than (A) an Insignificant Subsidiary, (B) prior to the PAETEC Notes Redemption Date, a Qualified PAETEC Group Member, (C) a Notes SPV, (D) any Subsidiary listed on Schedule 5.10 or (E) a Special Purpose Receivables Subsidiary, (x) is a wholly-owned Domestic Subsidiary and is permitted by applicable law or regulation (without the need to obtain any Governmental Authorization) to Guarantee the Facility Obligations or (y) Guarantees any Loan Party’s obligations in respect of any AC Holdings Bonds or any other Indebtedness (other than Indebtedness created under the Loan Documents), the Borrower shall promptly cause (A) such Subsidiary to Guarantee the Facility Obligations pursuant to the Guarantee Agreement (in the case of any Subsidiary described in clause (y), on terms no less favorable to the Lenders than those applicable under such Guarantee of other Indebtedness) and (B) the other provisions of the Collateral and Guarantee Requirement to be satisfied with respect to such Subsidiary, whereupon such Subsidiary will become a “Guarantor” and “Lien Grantor” for purposes of the Loan Documents. The Borrower will not, and will not permit any of its Subsidiaries to, form or acquire any Subsidiary (other than Insignificant Subsidiaries and other than (i) any Notes SPV, (ii) prior to the PAETEC Notes Redemption Date, any Qualified PAETEC Group Member and (iii) any Special Purpose Receivables Subsidiary) after the Sixth ARCA Effective Date unless either (x) all of the Equity Interests in such Subsidiary shall be directly held by a Loan Party or (y) such Subsidiary shall have Guaranteed the Facility Obligations pursuant to the Guarantee Agreement and shall have satisfied the other provisions of the Collateral and Guarantee Requirement with respect to such Subsidiary. Prior to the PAETEC Notes Redemption Date, the Borrower will not permit any PAETEC Group Member to form or acquire any Subsidiary except for the purpose of reorganizing the organizational structure or form of organization of any of the PAETEC Group Members. For the avoidance of doubt, from and after the PAETEC Notes Redemption Date, any Qualified PAETEC Group Member not previously subject to the requirements set forth in this Section 5.10 shall be subject to the requirements set forth in this Section 5.10 as if such Qualified PAETEC Group Member became a Subsidiary on such date.

  • Disposal of Subsidiary Interests Except for any sale of all of its interests in the Equity Interests of any of its Subsidiaries in compliance with the provisions of Section 8.9 and except for Liens securing the Obligations, no Credit Party shall, nor shall it permit any of its Subsidiaries to, (a) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any Equity Interests of any of its Subsidiaries, except to qualify directors if required by Applicable Laws; or (b) permit any of its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any Equity Interests of any of its Subsidiaries, except to another Credit Party (subject to the restrictions on such disposition otherwise imposed hereunder), or to qualify directors if required by Applicable Laws.

  • Subsidiary Agreement 1. To facilitate the carrying out of the Project, the Recipient shall make the proceeds of the Financing available to the Project Implementing Entity under a subsidiary agreement between the Recipient and the Project Implementing Entity, under terms and conditions approved by the Association (“Subsidiary Agreement”).

  • Immaterial Subsidiaries No Immaterial Subsidiary (a) owns any assets (other than assets of a de minimis nature), (b) has any liabilities (other than liabilities of a de minimis nature), or (c) engages in any business activity.

  • Limitation on Subsidiary Indebtedness The Company shall not permit any of the Subsidiaries of the Company to create, incur, assume or suffer to exist any Indebtedness, except:

  • Indebtedness of Subsidiaries The Borrower shall not permit any Subsidiary to create, incur, assume or suffer to exist any Indebtedness, except:

  • Domestic Subsidiaries On the Effective Date, Schedule 4 sets forth a true and complete list of the Domestic Subsidiaries.

  • Intercompany Indebtedness The Company shall not create, incur, assume or otherwise become or remain directly or indirectly liable with respect to any Indebtedness arising from loans from any Subsidiary to the Company unless (a) such Indebtedness is unsecured and (b) such Indebtedness shall be expressly subordinate to the payment in full in cash of the Obligations on terms satisfactory to the Administrative Agent.

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