US Borrower. (a) Each Borrower will ensure that the proceeds of any loan made to the US Borrower by UPC Distribution or UPC Holding II and the proceeds of any drawing made by the US Borrower under Facility C shall be invested by way of intercompany loan or equity subscription in one or more other members of the Borrower Group within five Business Days of receipt of such proceeds or, as the case may be, the relevant Utilisation Date.
Appears in 3 contracts
Samples: Credit Agreement (Unitedglobalcom Inc), Credit Agreement (Unitedglobalcom Inc), Conformed Copy (United Pan Europe Communications Nv)
US Borrower. (a) Each Borrower will ensure that the proceeds of any loan made to the US Borrower by UPC Distribution Broadband or UPC Holding II and the proceeds of any drawing made by the US Borrower under Facility C shall be invested by way of intercompany loan or equity subscription in one or more other members of the Borrower Group within five Business Days of receipt of such proceeds or, as the case may be, the relevant Utilisation Date.
Appears in 2 contracts
Samples: Agreement (Liberty Global, Inc.), Credit Agreement (Unitedglobalcom Inc)
