Subordination of Intercompany Loans. Each Loan Party shall cause any intercompany Indebtedness, loans or advances owed by any Loan Party to any other Loan Party to be subordinated pursuant to the terms of the Intercompany Subordination Agreement.
Subordination of Intercompany Loans. From and after the Closing Date, each Borrower and each Guarantor shall cause any inter-company Indebtedness, loans or advances owed by any of them to one another or to any other of their Subsidiaries to be subordinated pursuant to the terms of the Intercompany Subordination Agreement.
Subordination of Intercompany Loans. Each Loan Party covenants and agrees that any existing and future debt obligation of any Loan Party to any Subsidiary that is not a Loan Party shall, pursuant to a subordination agreement reasonably satisfactory to the Administrative Agent, be expressly subordinated to the Loans following a Default.
Subordination of Intercompany Loans. Each Loan Party covenants and agrees that any existing and future debt obligation of Holdco, EnergySolutions or any Subsidiary to any Non-U.S. Subsidiary shall be subordinated to the Loans.
Subordination of Intercompany Loans. Until all Obligations shall have been indefeasibly paid in full:
Subordination of Intercompany Loans. The Borrower shall cause any intercompany Indebtedness, loans or advances owed by the Borrower or any of its Subsidiaries to the Borrower or any of its Subsidiaries to be subordinated pursuant to the terms of the Intercompany Subordination Agreement.
Subordination of Intercompany Loans. All loans or fees owed to any Guarantor or any other Consolidated Company, or any Affiliate of any thereof, shall, at all times, be subordinate to the Loans and the Borrower shall cause its Subsidiaries and/or Affiliates from time to time to execute and deliver to the Administrative Agent and the Required Lenders subordination agreements in form and content satisfactory to the Administrative Agent and the Required Lenders.
Subordination of Intercompany Loans. Each Loan Party covenants and agrees that (A) any existing and future debt obligation of the Parent Guarantor, the Borrower or any Subsidiary Loan Party to any Non-U.S. Subsidiary shall be subordinated to the Loans to at least the same extent as the Subordinated Notes (for the avoidance of doubt, prepayments are not prohibited unless and until and for so long as a Default exists under Section 7.01(a) or otherwise prohibited by such subordination provisions) and (B) no Indebtedness of any Non-U.S. Subsidiary to any Loan Party shall be subordinated to any other Indebtedness of such Subsidiary.
Subordination of Intercompany Loans. 62 8.1.13 Landlord Waivers....................................................................62
Subordination of Intercompany Loans. SNC will procure that any of its Subsidiaries whose unconsolidated assets at the end of any fiscal quarter of SNC include loans or advances to the Credit Parties exceeding in the aggregate $50,000,000 for such Subsidiary will execute or become party to, within 60 days from such time, an Intercompany Subordination Agreement pursuant to which such loans and advances are subordinated and postponed (subject to any Cash Pooling Arrangement) to the payment of the obligations of the Credit Parties under the Facilities, the Hedging Agreements with Hedging Creditors and the Bilateral Letters of Credit.
