Parent Intercompany Loan definition

Parent Intercompany Loan means any intercompany loan or advance made by any Loan Party (other than the Parent) to the Parent, substantially in the form of Exhibit N, the proceeds of which shall be used to pay interest, principal and any other obligations owing in respect of the Credit Facilities.
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Parent Intercompany Loan means the intercompany loan made by the Borrower to Parent on the Closing Date in an amount not to exceed $300,000,000; provided that on the Amendment Effective Date after giving effect to the Parent Intercompany Loan Prepayment, the aggregate principal amount of indebtedness outstanding under the Parent Intercompany Loan is no less than $150,000,000.
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Parent Intercompany Loan means that certain unsecured, subordinated intercompany loan from the Parent to Orthofix Holdings in connection with the consummation of the Acquisition in an aggregate principal amount not to exceed $35,561,835.
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Examples of Parent Intercompany Loan in a sentence

  • The Administrative Agent shall have received evidence satisfactory thereto provided by the Borrower that the Indebtedness of the Borrower and its Subsidiaries as of the Closing Date (excluding intercompany Subordinated Indebtedness of the Borrower and the Subsidiary Guarantors to the extent such Indebtedness would be eliminated on a consolidated basis, but including, without limitation, the Parent Intercompany Loan) calculated on a Pro Forma Basis, is no greater than $149,000,000.

  • Subsequent to the occurrence of the Subordinated Debt Payoff, Borrower shall be permitted to utilize a portion of the Parent Intercompany Loan, however, for any of the foregoing purposes and as additional working capital for Borrower's ordinary course business activities.

  • Notwithstanding the foregoing, Borrower shall have the right to utilize Advances to pay any Merger Costs that remain unpaid or that accrue after Borrower shall have utilized all proceeds of the Parent Intercompany Loan, including all additional advances thereunder that Borrower has the right to request (if any) under the agreements executed with Parent with respect to the Parent Intercompany Loan.

  • In addition to, and not in limitation of, the reporting requirements set forth in Section 6.3 of the Loan Agreement, within 30 days following the end of the month within which the Merger has been consummated, Borrower shall deliver to Lender an accounting that summarizes Borrower's use of the proceeds of the Parent Intercompany Loan and certifying to Lender Borrower's compliance with this paragraph 2(h), in form and substance reasonably satisfactory to Lender.


More Definitions of Parent Intercompany Loan

Parent Intercompany Loan as defined in the preamble to the Second Amendment.
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Parent Intercompany Loan the 6% senior unsecured loan due January 1, 2010 in the aggregate principal amount of $55,000,000 made by Parent to Holdings in connection with the Acquisition.
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Related to Parent Intercompany Loan

  • Intercompany Loan shall have the meaning provided in Section 8.05(g).

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • Subordinated Intercompany Debt shall have the meaning assigned to such term in Section 6.01(e).

  • Subordinated Intercompany Note means the Intercompany Subordinated Note, dated as of the Agreement Date, by and among Holdings, the Borrower and each Restricted Subsidiary of Holdings from time to time party thereto.

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Deferred Intercompany Transaction has the meaning set forth in Treas. Reg. Section 1.1502-13.

  • Permitted Intercompany Investments means Investments made by (a) a Loan Party to or in another Loan Party, (b) a Subsidiary that is not a Loan Party to or in another Subsidiary that is not a Loan Party and (c) a Subsidiary that is not a Loan Party to or in a Loan Party, so long as, in the case of a loan or advance made pursuant to this clause (c), the parties thereto are party to the Intercompany Subordination Agreement.

  • Intercompany Note means a promissory note substantially in the form of Exhibit I.

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party, (b) a Subsidiary of a Borrower that is not a Loan Party to another Subsidiary of a Borrower that is not a Loan Party and (c) a Subsidiary of a Borrower that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

  • Intercompany Advance Agreement The Intercompany Advance Agreement, dated as September 11, 2009, between Ally Bank and Ally Auto, as amended, supplemented or modified from time to time.

  • Intercompany Debt has the meaning specified in Section 7.02.

  • Bridge Loan Any loan or other obligation that (x) is incurred in connection with a merger, acquisition, consolidation, or sale of all or substantially all of the assets of a Person or similar transaction and (y) by its terms, is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (it being understood that any such loan or debt security that has a nominal maturity date of one year or less from the incurrence thereof but has a term-out or other provision whereby (automatically or at the sole option of the Obligor thereof) the maturity of the indebtedness thereunder may be extended to a later date is not a Bridge Loan).

  • Intercompany Interest means an Interest in a Debtor held by another Debtor.

  • Global Intercompany Note means the global intercompany note substantially in the form of Exhibit G hereto.

  • Closing Date Indebtedness means the aggregate amount of Indebtedness of the Company as of immediately prior to the Closing.

  • Intercompany Notes means, with respect to each Pledgor, all intercompany notes described in Schedule 11 to the Perfection Certificate and intercompany notes hereafter acquired by such Pledgor and all certificates, instruments or agreements evidencing such intercompany notes, and all assignments, amendments, restatements, supplements, extensions, renewals, replacements or modifications thereof to the extent permitted pursuant to the terms hereof.

  • Closing Indebtedness means Indebtedness of the Company and its Subsidiaries as of immediately prior to the Closing (without giving effect to the Transactions but including any prepayment penalties, premia, breakage costs or similar amounts payable with respect to the Closing).

  • Closing Indebtedness Amount means, as of immediately prior to the Effective Time, the aggregate amount of Indebtedness of the Company, including all accrued and unpaid interest, prepayment penalties or fees, and other unpaid fees and expenses payable in respect of such Indebtedness through the Effective Time.

  • Intercompany Interests means an Interest in a Debtor held by another Debtor and, for the avoidance of doubt, excludes the Existing Equity Interests.

  • Intercompany Receivables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are receivable by Seller or any of its Affiliates (other than the Bank or the Transferred Subsidiaries) from the Bank or the Transferred Subsidiaries.

  • Receivables Transaction Attributed Indebtedness means the amount of obligations outstanding under the legal documents entered into as part of any Qualified Receivables Transaction on any date of determination that would be characterized as principal if such Qualified Receivables Transaction were structured as a secured lending transaction rather than as a purchase.

  • Final Closing Indebtedness means the aggregate amount of Closing Indebtedness set forth in the Final Closing Statement.

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).

  • Net Financial Debt ’ means “Gross Financial Debt” less “cash and cash equivalents”. This measure offers to the reader a global view of the Financial Debt without considering the payment terms and reduced by the effects of the available cash and cash equivalents to face these future payments.

  • Credit Agreement Refinancing Indebtedness means (a) Permitted First Priority Refinancing Debt, (b) Permitted Junior Lien Refinancing Debt, (c) Permitted Unsecured Refinancing Debt or (d) Indebtedness incurred or Other Revolving Commitments obtained pursuant to a Refinancing Amendment, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace or refinance, in whole or part, existing Term Loans, outstanding Revolving Loans or (in the case of Other Revolving Commitments obtained pursuant to a Refinancing Amendment) Revolving Commitments, outstanding loans under any Incremental Revolving Facility or undrawn commitments under any Incremental Revolving Facility (“Refinanced Debt”); provided that (i) such extending, renewing, replacing or refinancing Indebtedness (including, if such Indebtedness includes any Other Revolving Commitments, the unused portion of such Other Revolving Commitments) is in an original aggregate principal amount not greater than the sum of the aggregate principal amount of the Refinanced Debt (and, in the case of Refinanced Debt consisting, in whole or in part, of unused commitments under any Incremental Revolving Facility or Other Revolving Commitments, the amount thereof) plus all accrued and unpaid interest and fees thereon and expenses incurred in connection with such extension, renewal, replacement or refinancing, (ii) such Indebtedness has a maturity that is equal to or later than and, except in the case of Other Revolving Commitments, a Weighted Average Life to Maturity equal to or greater than the Refinanced Debt, and (iii) such Refinanced Debt shall be repaid, defeased or satisfied and discharged, and all accrued interest, fees and premiums (if any) in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained; provided that to the extent that such Refinanced Debt consists, in whole or in part, of commitments under any Incremental Revolving Facility or Other Revolving Commitments (or loans incurred pursuant to any Incremental Revolving Facility or Other Revolving Loans), such commitments shall be terminated, and all accrued fees in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained.