Examples of Parent Intercompany Note in a sentence
The Parent Intercompany Note Subordination Agreement is hereby incorporated herein by reference.
Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Parent Intercompany Note Subordination Agreement.
Except as expressly supplemented hereby and pursuant to any other supplement contemplated by Section 4.12 or 4.13 of the Parent Intercompany Note Subordination Agreement, the Parent Intercompany Note Subordination Agreement shall remain in full force and effect.
Reference is made to the Parent Intercompany Note Subordination Agreement.
All communications and notices hereunder shall be in writing and given as provided in Section 4.1 of the Parent Intercompany Note Subordination Agreement.
Each reference to a “Subordinated Lender” in the Parent Intercompany Note Subordination Agreement shall be deemed to include the New Subordinated Lender.
Each reference to a “Subordinated Borrower” in the Parent Intercompany Note Subordination Agreement shall be deemed to include the New Subordinated Borrower.
Currently, Level 3 LLC is the obligor on the Parent Intercompany Note.
Pursuant to the Parent Intercompany Note Subordination Agreement, Level 3 LLC’s obligations under the Parent Intercompany Note will be subordinated to its obligations under the Offering Proceeds Note upon the limited circumstances set forth therein.
The undersigned Sister Restricted Subsidiary (the “New Subordinated Lender”) is executing this Supplement to become a Subordinated Lender under the Parent Intercompany Note Subordination Agreement in order to comply with the terms of the Indenture and as consideration for amounts previously advanced to the Issuer under the Indenture.