Holdings Intercompany Loan definition

Holdings Intercompany Loan means an intercompany loan made by Holdings to COMSYS IT with a portion of the Net Cash Proceeds of the 2005 Equity Issuance, which loan shall comply with Section 5.1(j) and be evidenced by a promissory note that has been pledged and delivered by Holdings to Agent promptly upon the issuance thereof, for the benefit of Agent and Lenders, as security for the Obligations.
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Holdings Intercompany Loan means an intercompany loan made by Holdings to COMSYS IT with a portion of the Net Cash Proceeds received by Holdings in connection with an issuance of shares of common stock of Holdings, the proceeds of which shall be used promptly by COMSYS IT to repay a portion of the outstanding principal amount of the Loans or, to the extent required pursuant to the terms of this Agreement, the Second Lien Term Loan, which loan shall comply with Section 5.1(o) and be evidenced by a promissory note that has been pledged and delivered by Holdings to Agent promptly upon the issuance thereof, for the benefit of Agent and Lenders, as security for the Obligations.
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Holdings Intercompany Loan as defined in the preamble to the Second Amendment.
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Examples of Holdings Intercompany Loan in a sentence

  • Notwithstanding anything to the contrary contained in Exhibit B (Section 7.3) of the Compliance Certificate, solely for purposes of calculating the Total Debt to Adjusted EBITDA Ratio, the intercompany Debt evidenced by the Holdings Intercompany Loan shall not be included in the calculation of Total Debt for any Defined Period.

  • Notwithstanding anything in this Section 8.16 to the contrary, the Cargo Holdings Intercompany Loan, evidenced by the Cargo Holdings Intercompany Note, shall be permitted to be extinguished upon the consummation of the CHI Merger.


More Definitions of Holdings Intercompany Loan

Holdings Intercompany Loan the 6% senior unsecured loan due January 1, 2010 in the aggregate principal amount of $55,000,000 made by Holdings to the Borrower in connection with the Acquisition.
Sample 1
Holdings Intercompany Loan means an intercompany loan made by Holdings to COMSYS IT with a portion of the Net Cash Proceeds received by Holdings in connection with an issuance of shares of common stock of Holdings, the proceeds of which shall be used promptly by COMSYS IT to repay a portion of the outstanding principal amount of the First Lien Loans or, to the extent permitted pursuant to the First Lien Credit Agreement, the Second Lien Term Loan, accrued and unpaid interest on such prepaid portion and any applicable prepayment premiums, which loan shall comply with Section 5.1(o) and be evidenced by a promissory note that has been pledged to the Collateral Agent and delivered to the First Lien Agent as contractual representative for the Collateral Agent pursuant to the Second Lien Intercreditor Agreement (or, following the Discharge of all First Lien Debt, the Collateral Agent) promptly upon the issuance thereof, as security for the Obligations.
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Related to Holdings Intercompany Loan

  • Intercompany Loan shall have the meaning provided in Section 8.05(g).

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Permitted Intercompany Investments means Investments made by (a) a Loan Party to or in another Loan Party and (b) a Subsidiary that is not a Loan Party to or in another Subsidiary that is not a Loan Party.

  • Subordinated Intercompany Debt shall have the meaning assigned to such term in Section 6.01(e).

  • Intercompany Note means a promissory note substantially in the form of Exhibit I.

  • Subordinated Intercompany Note means the Intercompany Subordinated Note, dated as of the Agreement Date, by and among Holdings, the Borrower and each Restricted Subsidiary of Holdings from time to time party thereto.

  • Intercompany Interest means an Interest in a Debtor held by another Debtor.

  • Holdings Pledge Agreement means the Pledge Agreement of even date herewith executed by Holdings in favor of Agent, on behalf of itself and Lenders, pledging all Stock of Borrower.

  • Intercompany Interests means an Interest in a Debtor held by another Debtor and, for the avoidance of doubt, excludes the Existing Equity Interests.

  • Deferred Intercompany Transaction has the meaning set forth in Treas. Reg. Section 1.1502-13.

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party, (b) a Subsidiary of a Borrower that is not a Loan Party to another Subsidiary of a Borrower that is not a Loan Party and (c) a Subsidiary of a Borrower that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

  • Intercompany Debt has the meaning specified in Section 7.02.

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).

  • Global Intercompany Note means the global intercompany note substantially in the form of Exhibit G hereto.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent in respect of a first priority pledge over the Escrow Account and all funds held on the Escrow Account from time to time, granted in favour of the Noteholders.

  • Intercompany Advance Agreement The Intercompany Advance Agreement, dated as September 11, 2009, between Ally Bank and Ally Auto, as amended, supplemented or modified from time to time.

  • Subsidiary Financing Agreement means the agreement to be entered into between the Borrower and PPWSA pursuant to Section 3.02 of this Agreement, as the same may be amended from time to time, and such term includes all schedules to the Subsidiary Financing Agreement.

  • Intercompany Notes means, with respect to each Pledgor, all intercompany notes described in Schedule 11 to the Perfection Certificate and intercompany notes hereafter acquired by such Pledgor and all certificates, instruments or agreements evidencing such intercompany notes, and all assignments, amendments, restatements, supplements, extensions, renewals, replacements or modifications thereof to the extent permitted pursuant to the terms hereof.

  • Non-Financing Lease Obligation means a lease obligation that is not required to be accounted for as a financing or capital lease on both the balance sheet and the income statement for financial reporting purposes in accordance with GAAP. For the avoidance of doubt, a straight-line or operating lease shall be considered a Non-Financing Lease Obligation.

  • Intercompany Obligations as defined in the Guarantee and Collateral Agreement.

  • Intercompany Agreement means the agreement regarding the treatment of certain existing intercompany balances entered into on June 11, 2020 by and among ODBINV S.A. - Em Recuperação Judicial, Odebrecht S.A. - Em Recuperação Judicial and Odebrecht Engenharia e Construção S.A., as generally described and summarized in “The Restructuring – Treatment of Intercompany Claims” of the Consent Solicitation Statement.

  • Foreign Subsidiary Holdco means any Restricted Subsidiary which is organized under the laws of the United States (as defined for purposes of Section 956 of the Code) that has no material assets other than the Capital Stock and, if any, Indebtedness of (1) one or more Foreign Subsidiaries that are “controlled foreign corporations” as defined by Section 957 of the Code or (2) any other Foreign Subsidiary Holdco.

  • Permitted Holdings Debt has the meaning assigned to such term in Section 6.01(a)(xviii).

  • Asset Sale Proceeds Account means one or more deposit accounts or securities accounts holding the proceeds of any sale or disposition of any Notes Collateral.