Master Subordinated Intercompany Note means an intercompany note substantially in the form of Exhibit F.
Master Subordinated Intercompany Note means a master intercompany note, substantially in the form of Exhibit M hereto, evidencing Indebtedness among the Loan Parties and delivered by the Loan Parties to the Administrative Agent on the Closing Date.
Master Subordinated Intercompany Note means that certain Master Subordinated Intercompany Note, dated as of the Funding Date, by and among the Loan Parties, evidencing all Indebtedness among the Loan Parties and subordinating the same to the Secured Obligations, in form and substance acceptable to the Administrative Agent.
Examples of Master Subordinated Intercompany Note in a sentence
Except as set forth on Schedule 6.1, there is no Indebtedness outstanding as of the Effective Date that is owed by any of Holdings or any of its Subsidiaries to any of Holdings or any of its Subsidiaries, and all such Indebtedness set forth on Schedule 6.1 is unsecured, is evidenced by the Master Subordinated Intercompany Note (except as otherwise contemplated by Section 6.1(i)) and represents indebtedness for borrowed money.
More Definitions of Master Subordinated Intercompany Note
Master Subordinated Intercompany Note means an intercompany note, substantially in the form of Exhibit P, executed by each Credit Party and each Subsidiary of a Credit Party.
Master Subordinated Intercompany Note means an intercompany note substantially in the form of Exhibit I .
Master Subordinated Intercompany Note means a master intercompany note, substantially in the form of Exhibit M hereto, evidencing Indebtedness among the Loan Parties and delivered by the Loan Parties to the Administrative Agent on the Closing Date. “Material Accounts” means (a) all deposit, securities and commodities accounts in the name of the Borrower at the financial institution with which the Borrower maintains its primary banking relationship and (b) all other deposit, securities and commodities accounts in the name of the Loan Parties and their respective Subsidiaries (other than Excluded Subsidiaries) to the extent the average daily or interdaily balance or market value of such accounts for the most recently completed six (6) calendar months exceeds $1,000,000 individually or $2,500,000 in the aggregate; provided, that (x) Material Accounts will not include any deposit account specially and exclusively used for payroll, payroll taxes or other employee wages or benefit payments to or for the benefit of any salaried employee of any Loan Party or any Subsidiary of any Loan Party and (y) the individual and aggregate thresholds described in clause (b) shall be calculated without including (i) the balance or market value of any deposit account that is specially and exclusively used for payroll, payroll taxes or other employee wages or benefit payments to or for the benefit of any salaried employee of any Loan Party or any Subsidiary of any Loan Party and (ii) the balance or market value of any deposit account pledged to the United States of America, acting through the Administrator of the Rural Utilities Service, to the extent the balances or market values for all such pledged accounts do not exceed in the aggregate $2,500,000 and for so long as such pledge is required pursuant to the terms and conditions of any grant awarded to any Loan Party under the Broadband Initiatives Program prior to the Closing Date. “Material Acquisition” means any acquisition of property or series of related acquisitions of property that (a) constitutes assets comprising all or substantially all of an operating line of business, 26
Master Subordinated Intercompany Note means an intercompany note substantially in the form of Exhibit I. “Material Adverse Effect” means a materially adverse effect upon (i) the property, business, assets, condition (financial or otherwise), liabilities or operations of the Company and its Restricted Subsidiaries taken as a whole on a combined basis in accordance MSGN – A&R Credit Agreement (2019)