Definition of Intercompany Note Agreement


Intercompany Note Agreement means the Note Issuance Agreement dated as of March 25, 2009, originally by and among Kendall Holding Corp., Covidien Finance GmbH and Tyco Healthcare Group LP, as amended, amended and restated, supplemented or otherwise modified from time to time.

Examples of Intercompany Note Agreement in a sentence

Intercompany Note means the intercompany note issued pursuant to the Intercompany Note Agreement.
Amend or modify the Intercompany Note Agreement so as to allow any Indebtedness issued thereunder to be (a) Indebtedness issued by any Restricted Subsidiary (as defined in the Existing Senior Notes Indenture) or (b) owing to any entity other than a Guarantor which pledges such Indebtedness (including any notes or other instruments representing or evidencing such Indebtedness) to the Collateral Agent as Collateral.
As of the Closing Date, (a) no direct or contingent obligor under the Intercompany Note Agreement, nor Cadence, is a Restricted Subsidiary under (and as defined in) the Existing Senior Notes Indenture or the Ludlow Indenture and (b) the only owner of Principal Properties under (and as defined in) the Existing Senior Notes Indenture or the Ludlow Indenture) is Mallinckrodt LLC.
As of the Closing Date, (a) no direct or contingent obligor under the Intercompany Note Agreement, nor Cadence, is a "Restricted Subsidiary" under (and as defined in) the Existing Senior Notes Indenture or the Ludlow Indenture and (b) the only owner of "Principal Properties" under (and as defined in) the Existing Senior Notes Indenture or the Ludlow Indenture) is Mallinckrodt LLC.