Intermediate definition
Examples of Intermediate in a sentence
The Borrower shall not permit either of Intermediate Holdings or SOLV Holdings to grant any Lien on the Capital Stock of the Opco or any of its Subsidiaries, in each case, to secure any Indebtedness for borrowed money, other than Indebtedness permitted under Section 6.01(x) and, for the avoidance of doubt, Sections 6.01(f), (j) and/or (s) (and/or any permitted refinancing of the foregoing).
To the extent the underwriters in the IPO exercise the Over-Allotment Option in whole or in part, the Corporation will contribute the Option Net Proceeds to Intermediate, which will contribute the Option Net Proceeds received from the Corporation to the Company as a Capital Contribution in exchange for Common Units, and the Company will use such Option Net Proceeds to effect the Option Unit Redemption.