Inter-Corporate Debt definition

Inter-Corporate Debt means all Financial Indebtedness owed by any Obligor to another Obligor together with any additional Inter-Corporate Debt as may be incurred from time to time provided that in all cases such Financial Indebtedness has been subordinated and postponed in favour of the Noteholder and has been assigned to the Noteholder as Security in accordance with this Note;
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Inter-Corporate Debt at any time means all indebtedness owing by Westel to BCR or any Affiliate of BCR or to any other Person with whom BCR does not deal at arm's length (within the meaning of the Income Tax Act (Canada)) at that time, other than trade payables arising in the ordinary course of business;
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Inter-Corporate Debt means all Financial Indebtedness owed by any Obligor to another Obligor together with any additional Inter-Corporate Debt as may be incurred from time to time provided that in all cases such Financial Indebtedness has been subordinated and postponed in favour of the Indemnified Party and has been assigned to the Indemnified Party as Security in accordance with this Agreement;
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Examples of Inter-Corporate Debt in a sentence

  • There is no Inter-Corporate Debt except as set out in Schedule “C”.

  • Other than the Inter-Corporate Debt, none of Primero Compania Minera, S.A. de C.V., Primero Servicios Mineros, S.A. de C.V., 0885924 B.C. Ltd., nor Primero Mining Luxembourg Sàrl have, nor will at any time acquire, assets, in the aggregate, having a market value in excess of $50,000.

Related to Inter-Corporate Debt

  • corporate debtor means a corporate person who owes a debt to any person;

  • Corporate Group means the Corporation and its Subsidiaries treated as a single consolidated entity.

  • Chief Pretrial Services Officer (i.e., CPSO) means the individual appointed by the court to supervise the work of the court’s pretrial services staff. For the purpose of the contract, the “Chief Probation Officer” acts as the contract administrator on behalf of the Director of the Administrative Office of the United States Courts.

  • Corporate Defendants means Money Now Funding, LLC, a/k/a Money

  • Chief Student Services Officer means the Administrative Officer at the College who has overall management responsibility for student services, or his/her designee.