Intra-Group Indebtedness definition

Intra-Group Indebtedness means all debts, liabilities (whether actual, contingent or prospective) or obligations subsisting or outstanding as at Completion owed by any member of the Target Group on the one hand to any of the Sellers or to any of their Associates on the other hand.

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Intra-Group Indebtedness means, in relation to each Group Company, the aggregate amount of the Intra-Group Payables minus the aggregate amount of the Intra-Group Receivables of said Group Company, which aggregate amount may be a positive or negative number;

Intra-Group Indebtedness means all Liabilities owed by any member of the Group to any of the Intra-Group Lenders in its capacity as such (for the avoidance of doubt, including guarantee, indemnity, suretyship or other assurance against loss in relation to such indebtedness) excluding any Liabilities which are (i) Senior Priority Obligations (including TLB Proceeds Loan Obligations); (ii) Non-Senior Priority Obligations (including HY Proceeds Loan Obligations) or (iii) owed to an Intra-Group Lender incorporated in Switzerland by a member of the Group which is not a direct or indirect Subsidiary of such Intra-Group Lender.

Examples of Intra-Group Indebtedness in a sentence

Prior to the Final Discharge Date, the Debtors shall not, and Holdings shall ensure that its Restricted Subsidiaries shall not, make any Payments of the Intra-Group Indebtedness at any time while an Acceleration Event is continuing.
On Completion if the Estimated Intra-Group Indebtedness is positive the Seller shall procure for value on the Completion Date the payment by the Seller's Group of the Estimated Intra-Group Indebtedness.
Subject to Section 8.04, no Intra-Group Lender shall be entitled to take any Enforcement Action in respect of any of the Intra-Group Indebtedness at any time prior to the Final Discharge Date.
On Completion if the Estimated Intra-Group Indebtedness is negative the Buyer shall procure for value on the Completion Date the payment by the Group of the Estimated Intra-Group Indebtedness.
The requirements in this Section 4.16 shall not apply to any counter-indemnity obligation permitted by clause (11), (12), (14) or (15) of the definition of Permitted Intra-Group Indebtedness.

More Definitions of Intra-Group Indebtedness

Intra-Group Indebtedness means money borrowed by one entity within the Group from another entity within the Group, such entity an "Intra-Group Creditor".

Intra-Group Indebtedness means all debts outstanding between Target Group Companies and members of the Seller’s Group;

Intra-Group Indebtedness. ’ means the intra-group indebtedness from time to time (i)

Intra-Group Indebtedness means the aggregate amount of the Intra-Group Payables minus the aggregate amount of the Intra-Group Receivables;

Intra-Group Indebtedness means all outstanding amounts owing immediately prior to Completion to or from the Target Group, on the one hand, and the EPC Group (which for the purposes of this definition shall mean the Seller’s Group excluding the Target Group) on the other hand;

Intra-Group Indebtedness means all debts outstanding between members of the Group, on the one hand, and members of the Seller’s Group, on the other, (other than the Agreed Loan and any Intra-Group Trading Indebtedness);

Intra-Group Indebtedness means money borrowed by one entity within the Group