Intra-group Debtor definition

Intra-group Debtor means VMIH, VMIL and any other High Yield Guarantor from time to time. “New Senior Liabilities” means credit facilities or other financial accommodation provided by any Senior
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Intra-group Debtor means any member of the Group.
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Intra-group Debtor means VMIH, Virgin Media Investments Limited and any other High Yield Guarantor from time to time.
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Examples of Intra-group Debtor in a sentence

  • Subject to Clause 5.4 (Prohibited payments, guarantees and Security of Restricted Parent to Subsidiary Debt), Clause 7.1 (Suspension of Intragroup Permitted Payments), Clause 8 (Turnover) and Clause 10 (Subordination on Insolvency), in relation to any Intragroup Liability, an Intragroup Creditor may receive and an Intragroup Debtor may make an Intragroup Permitted Payment.

  • Upon the occurrence of an Insolvency Event in relation to an Obligor or Intragroup Debtor, claims as between the Finance Parties (and any Subordinated Creditors against that Obligor or Intragroup Debtor) in respect of the Intragroup Liabilities, will be subordinate in right of payment to the claims against that Obligor or Intragroup Debtor in respect of the Senior Liabilities.


More Definitions of Intra-group Debtor

Intra-group Debtor means each company named on the signature pages as Original Intra-Group Debtor (if any) or any Group Company which owes any Intra-Group Liabilities and that becomes a party to this Agreement as an Intra-Group Debtor pursuant to the applicable Joinder Agreement in accordance with the terms of the Senior Creditor Agreement.
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