Examples of Permitted Intercompany Advances in a sentence
No Inactive Subsidiary (a) owns any assets (other than assets of a de minimis nature, obligations under Permitted Intercompany Advances and with respect to WHSC, 100% of the Equity Interests of Accu-Med Services LLC, a Delaware limited liability company), (b) has any liabilities (other than liabilities of a de minimis nature and obligations under Permitted Intercompany Advances), or (c) engages in any business activity.
See example in footnote18.▪ Dates and times presented in the EPD should follow the format in ISO 8601.
Use the proceeds of the Advances for any purpose other than (a) on the Closing Date, to pay transactional fees, costs, and expenses incurred in connection with this Agreement, the other Loan Documents, and the transactions contemplated hereby and thereby, and (b) thereafter, consistent with the terms and conditions hereof, for its lawful and permitted purposes to finance the general corporate purposes of the Loan Parties (including Permitted Intercompany Advances and other Permitted Investments).
Except for Permitted Intercompany Advances, Directly or indirectly enter into or permit to exist any transaction with any Affiliate of any Borrower except for transactions that are in the ordinary course of the applicable Borrower's business, upon fair and reasonable terms, that are no less favorable to the applicable Borrower than would be obtained in an arm's length transaction with a non-Affiliate, and for any transaction the book value of which is $100,000 or greater, that are fully disclosed to Agent.
Unless Agent otherwise agrees in writing, all payments of the Obligations shall be made with the Loan Parties’ own funds (including, without limitation, with proceeds of Collateral constituting assets of the Loan Parties and with funds of the Loan Parties representing the repayment of any Permitted Intercompany Advances made by the Loan Parties).