Examples of Intercompany Notes in a sentence
Each Pledgor hereby authorizes the Administrative Agent to attach each Pledge Amendment to this Agreement and agrees that all Pledged Securities or Intercompany Notes listed on any such Pledge Amendment shall for all purposes hereunder be considered Pledged Collateral.
Upon obtaining any Pledged Securities or Intercompany Notes of any Person, each Pledgor shall maintain such Pledged Securities or Intercompany Notes in trust for the benefit of the Administrative Agent.
Meditrust agrees that prior to the Closing Date, Meditrust shall cancel all of the Intercompany Notes; it being acknowledged and agreed that from and after the consummation of the transaction contemplated hereunder, the Subsidiaries shall have no further debts, obligations or liabilities, of any kind or nature whatsoever, under the Intercompany Notes.
It is acknowledged and agreed that all payments received by the Subsidiaries under the Lease Documents from and after the date hereof shall be applied toward the Subsidiaries' obligations under the Intercompany Notes.
The undersigned hereby agrees that this Securities Pledge Amendment may be attached to the Agreement and that the Pledged Interests and/or Intercompany Notes listed on this Securities Pledge Amendment shall be deemed to be and shall become part of the Collateral and shall secure all Secured Obligations.