Examples of Subordinated Intercompany Note in a sentence
All intercompany debt claims are secured as part of the collateral and subordinated to the Prepetition Second Lien Credit Agreement and the Prepetition Third Lien Credit Agreement pursuant to the Subordinated Intercompany Note dated April 23, 2012, by and among Entegra, ETC, and each of the subsidiaries of Entegra.
Security/Guarantees▪ The notes are general unsecured obligation of Inmarsat Group Plc▪ The notes will be unsecured (save that the guarantee of Inmarsat Investments Limited will be secured by a second ranking charge over the shares of Inmarsat Ventures Limited)▪ The notes will be secured by first- ranking security over the Subordinated Inter-company Note Proceeds Loan.
At best, VEPCO argues, the Debtor had an economic relationship with Buffalo; but even then the Debtor has failed to allege that VEPCO’s termination of the Second Supply Agreement with Buffalo was calculated to cause damage to the Debtor’s economic relationship with Buffalo.