Common use of Subordination of Intercompany Indebtedness Clause in Contracts

Subordination of Intercompany Indebtedness. The Borrower will not and will not permit any of its domestic Subsidiaries to create, incur, assume or suffer to exist any intercompany Indebtedness where the obligor on such Indebtedness is the Borrower, unless such indebtedness is subordinated to the Obligations hereunder on the terms described in Schedule 6.21.

Appears in 3 contracts

Samples: Year Revolving Credit Agreement (TJX Companies Inc /De/), Assignment Agreement (TJX Companies Inc /De/), TJX Companies Inc /De/

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Subordination of Intercompany Indebtedness. The Borrower will not and will not permit any of its domestic Subsidiaries to create, incur, assume or suffer to exist any intercompany Indebtedness where the obligor on such Indebtedness is the BorrowerBorrower or any Subsidiary which is a party to the Facility Guaranty, unless such indebtedness is subordinated to the Obligations hereunder on the terms described in Schedule 6.21SCHEDULE 6.22.

Appears in 2 contracts

Samples: Day Revolving Credit Agreement (TJX Companies Inc /De/), Revolving Credit Agreement (TJX Companies Inc /De/)

Subordination of Intercompany Indebtedness. The Borrower will not and will not permit any of its domestic Subsidiaries to create, incur, assume or suffer to exist any intercompany Indebtedness where the obligor on such Indebtedness is the Borrower, unless such indebtedness is subordinated to the Obligations hereunder on the terms described in Schedule 6.21.. 42

Appears in 2 contracts

Samples: Year Revolving Credit Agreement (TJX Companies Inc /De/), Year Revolving Credit Agreement (TJX Companies Inc /De/)

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Subordination of Intercompany Indebtedness. The Borrower will not and will not permit any of its domestic Subsidiaries to create, incur, assume or suffer to exist any intercompany Indebtedness where the obligor on such Indebtedness is the BorrowerBorrower or any Subsidiary which is a party to the Guaranty, unless such indebtedness is subordinated to the Obligations hereunder on the terms described in Schedule 6.21SCHEDULE 6.22.

Appears in 1 contract

Samples: Credit Agreement (TJX Companies Inc /De/)

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