Common use of Subordination of Intercompany Loans Clause in Contracts

Subordination of Intercompany Loans. The Borrower shall cause any intercompany Indebtedness, loans or advances owed by the Borrower or any of its Subsidiaries to the Borrower or any of its Subsidiaries to be subordinated pursuant to the terms of the Intercompany Subordination Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Calgon Carbon Corporation), Credit Agreement (Calgon Carbon Corporation), Credit Agreement (Calgon Carbon Corporation)

AutoNDA by SimpleDocs

Subordination of Intercompany Loans. The Each Borrower and each Guarantor shall cause any intercompany inter-company Indebtedness, loans or advances owed by the Borrower or any of its Subsidiaries them to the Borrower one another or to any other of its their Subsidiaries to be subordinated pursuant to the terms of the Intercompany Subordination Agreement.

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc /)

AutoNDA by SimpleDocs

Subordination of Intercompany Loans. The Each Borrower shall cause any intercompany Indebtedness, loans or advances owed by the any Borrower or to any of its Subsidiaries to the other Borrower or any of its Subsidiaries to be subordinated pursuant to the terms of the Intercompany Subordination Agreement.

Appears in 1 contract

Samples: Credit Agreement (U S Interactive Inc/Pa)

Time is Money Join Law Insider Premium to draft better contracts faster.