Intercompany Loan definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Intercompany Loan has the meaning given to it in Section 2 of the Intercompany Loan Agreement;

Intercompany Loan shall have the meaning provided in Section 9.05(vi).

Examples of Intercompany Loan in a sentence

The Borrower shall apply the Collections available to the Borrower to make payments in the following order of priority: (i) the payment of its obligations under this Agreement and each of the other Transaction Documents (other than any Intercompany Loan Agreement), (ii) the payment of accrued and unpaid interest on any Intercompany Loans and (iii) other legal and valid purposes.
The Borrower will not: (i) engage in any business other than the transactions contemplated by the Transaction Documents, (ii) create, incur or permit to exist any Debt of any kind (or cause or permit to be issued for its account any letters of credit or bankers’ acceptances other than pursuant to this Agreement or any Intercompany Loan Agreement or (iii) form any Subsidiary or make any investments in any other Person.

More Definitions of Intercompany Loan

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

Intercompany Loan has the meaning given to such term in Section 5.02(f)(vi) hereof.

Intercompany Loan means any loan (or advance in the nature of a loan) by the Company to any Guarantor, or by any Subsidiary to the Company or to any Guarantor, provided that each such loan or advance is subordinated in right of payment and priority to the Indebtedness on terms and conditions satisfactory to Agent and the Majority Banks.

Intercompany Loan means a senior, unsecured loan by EFIH or any of its Restricted Subsidiaries to EFH Corp., with an interest rate commensurate with an arm’s length relationship.

Intercompany Loan means any loan provided by the Corporation to an Affiliate of the Corporation;

Intercompany Loan means any loan made by the Issuer to any of its Subsidiaries out of the funds arising from Indebtedness incurred by the Issuer through the issue of a series of Secured Notes or otherwise, provided that the Issuer agrees that the receivables and monetary claims arising from such loan will be pledged in favour of the relevant Secured Creditors;

Intercompany Loan means any loan or credit made by a Group Company to any other Material Group Company where (a) the loan or credit is scheduled to be outstanding for at least 12 months and (b) the principal amount thereof is at least of NOK 5,000,000 (or the equivalent amount in another currency) and which pursuant to the Intercreditor Agreement shall be fully subordinated to the claims under the Finance Documents, provided that no Financial Indebtedness under any cash pooling arrangement shall constitute an Intercompany Loan.