UPC Financing. (a) Each Borrower will ensure that the proceeds of any loan made to the UPC Financing by UPC Broadband or UPC Holding II and the proceeds of any drawing made by UPC Financing shall be invested by way of intercompany loan or equity subscription in one or more other members of the Borrower Group within five Business Days of receipt of such proceeds or, as the case may be, the relevant Utilisation Date.
Appears in 3 contracts
Samples: Agreement (Liberty Global, Inc.), Agreement (Liberty Global PLC), Agreement (Liberty Global, Inc.)
UPC Financing. (a) Each Borrower will ensure that the proceeds of any loan made to the UPC Financing by UPC Broadband Distribution or UPC Holding II and the proceeds of any drawing made by UPC Financing under Facility C shall be invested by way of intercompany loan or equity subscription in one or more other members of the Borrower Group within five Business Days of receipt of such proceeds or, as the case may be, the relevant Utilisation Date.
Appears in 2 contracts
Samples: Credit Agreement (Unitedglobalcom Inc), Credit Agreement (Unitedglobalcom Inc)
UPC Financing. (a) Each Borrower will ensure that the proceeds of any loan made to the UPC Financing by UPC Broadband or UPC Holding II and the proceeds of any drawing made by UPC Financing under Facility C shall be invested by way of intercompany loan or equity subscription in one or more other members of the Borrower Group within five Business Days of receipt of such proceeds or, as the case may be, the relevant Utilisation Date.
Appears in 1 contract
Samples: Unitedglobalcom Inc
