Intercompany Advance definition

Intercompany Advance means a loan or advance heretofore or hereafter made by an Intercompany Note Holder to a Borrower or a Domestic Subsidiary which is evidenced by an Intercompany Note in which the Agent has a valid, duly perfected, first priority Lien under the Intercompany Note Pledge Agreement, and the repayment of which is subordinated to the rights of the Agent and the Lenders under the Loan Documents in accordance to the provisions set forth in the Intercompany Notes or in the Intercompany Note Subordination Agreement.

Intercompany Advance means loans, advances or transfers of cash in the ordinary course of business from Parent to one of its Subsidiaries or from one of Parent’s Subsidiaries to Parent or another Subsidiary of Parent so long as the Parent or the Subsidiary, as applicable, that is acting as the lender has executed the Intercompany Subordination Agreement.

Intercompany Advance means loans made in the ordinary course of business from (i) any Borrower to its Subsidiaries, (ii) any Borrower to a Subsidiary of another Borrower, (iii) any Borrower's Subsidiary to any Borrower, (iv) any Borrower's Subsidiary to the Subsidiary of another Borrower, and (v) any Borrower to any Borrower.

Examples of Intercompany Advance in a sentence

• PacifiCare shall have seven (7) business days from receipt of the list to dispute any Intercompany Advance appearing on the list (“Disputed Charge(s)”).

• The term “Disputed Charge,” as used in this Section 1.9, includes without limitation, any Intercompany Advance that PacifiCare reasonably believes is inaccurate, inappropriate or not within the scope of this Agreement.

• The amount advanced under the Intercompany Advance Agreement and the amount of the deemed capital contribution shall be duly recorded by the Seller and Ally Auto.

• As noted in the Monitor’s First Report, the Operating Subsidiaries are funding the Petitioners’ costs during the CCAA Proceedings by way of Intercompany Advances which are secured by Intercompany Advance Charges (and in the absence of such Intercompany Advances, the Petitioners would be unable to fund the costs of the CCAA Proceedings).

• Moving forward, the Trust’s primary source of cashflows will be from the Concession Companies, which would flow any surplus cashflows available to the Trust through, amongst others, (a) profit payment on the Inter-company Advance, (b) principal payment on the Inter-Company Advance, and/or (c) dividends.

More Definitions of Intercompany Advance

Intercompany Advance means loans made in the ordinary course of business from the Lessee to one of the Lessee's Subsidiaries or from one of the Lessee's Subsidiaries to the Lessee or another of the Lessee's Subsidiaries.

Intercompany Advance means any amount borrowed by the Trust from the UTI Beneficiary pursuant to the Intercompany Advance Agreement.

Intercompany Advance means loans made in the ordinary course of business from the Borrower to any Subsidiary of the Borrower or from any Subsidiary of the Borrower to the Borrower.

Intercompany Advance means any amount borrowed by the Trust from GECCI pursuant to the Intercompany Advance Agreement.

Intercompany Advance means a loan, advance or transfer of cash in the ordinary course of business from Borrower to one of its Subsidiaries or from one of Borrower's Subsidiaries to Borrower or a Subsidiary of Borrower; provided, however, that payments of royalties to Borrower by Komag Bermuda, dividends or other amounts payable by Borrower's Subsidiaries under the research and development service agreement or other contractual obligations between or among Borrower and its Subsidiaries shall not constitute Intercompany Advances.

Intercompany Advance means loans made by the Company to any Restricted Subsidiaries, which loans shall (a) be maintained in book entry form and not, unless requested by the Agent, evidenced by a promissory note or other negotiable instrument, and (b) be subordinated to repayment of the Obligations as provided in the Guaranties.

Intercompany Advance means the amount of $162,671.50 that was paid by the Corporation to vendors of TS Calgary solely for purposes of leasehold improvements to the “Tokyo Smoke” branded retail shop operated by TS Calgary as a part of the Business and certain initial operational costs of TS Calgary incurred in the ordinary course of the Business.