Intercompany Creditors definition

Intercompany Creditors means those Euro Pledgors or their subsidiaries that are creditors in relation to any Intercompany Debt.
Sample 1Sample 2Sample 3
Intercompany Creditors means each member of the Group in its capacity as a creditor in relation to any Intercompany Debt.
Sample 1
Intercompany Creditors means each Obligor in its capacity as a creditor in relation to any Intercompany Debt;
Sample 1

Examples of Intercompany Creditors in a sentence

  • Notwithstanding any term of this Agreement postponing, subordinating or preventing the payment of all or any part of the Subordinated Debt and Intercompany Debt, the relevant Subordinated Debt or Intercompany Debt shall, as between the Subordinated Creditors and Intercompany Creditors, be deemed to remain owing or due and payable (and interest, default interest or indemnity payments shall continue to accrue) in accordance with the relevant Debt Documents.

  • Each Representative, the Hedge Counterparties, the Shareholder Creditors and the Intercompany Creditors will on written request by any of the others or the Security Agent from time to time notify the others and the Security Agent in writing of details of the amount of its outstanding Debt.


More Definitions of Intercompany Creditors

Intercompany Creditors means any member of the Group which has an intercompany claim against any Designated Account Owner. Coupon/Interest RateThe Company shall not pay any interest on the Offshore Indebtedness during the Standstill Period.During the Standstill Period, coupon and interest will continue to accrue on the principal amounts of the Offshore Indebtedness (including Offshore Indebtedness which has been accelerated or has matured) at the existing contractual interest rates in accordance with the Offshore Debt Documents. Consent FeesEarly-Bird Consent FeeThe Company shall pay each Consenting Creditor, who signs/accedes to the Standstill Agreements on or before the Early-Bird Consent Fee Deadline (“Early Bird Consenting Creditors”), 0.25% of the principal amount of the Offshore Indebtedness due to such creditor as at the Early- Bird Consent Fee Deadline (“Individual Creditor Exposure”).General Consent FeeThe Company shall pay each Consenting Creditor, who signs/accedes to the Standstill Agreement on or before the General Consent Fee Deadline, 0.5% of the Individual Creditor Exposure as at the date of such execution/accession by the relevant Consenting Creditor, provided that the relevant Standstill Agreements have not been terminated in accordance with their terms at the date of such execution/accession (the “General Consent Fee”). The relevant Consent Fees shall be paid to the Consenting Creditors in the following manner:• on the First Consent Fees Payment Date, the Company shall pay the (i) Early-Bird Consent Fee and (ii) General Consent Fee to the Initial Consenting Creditors;• on the Second Consent Fees Payment Date, the Company shall pay the (i) Early-Bird Consent Fee and (ii) General Consent Fee to the Early Bird Consenting Creditors (other than the Initial Consenting Creditors); and• on the Final Consent Fees Payment Date, the Company shall pay the General Consent Fee to the eligible Consenting Creditors who have acceded to the Standstill Agreement, to the extent such fees were not paid on the earlier payment dates.
Sample 1

Related to Intercompany Creditors

  • Intercompany Claims means, collectively, any Claim held by a Debtor against another Debtor or an Affiliate of a Debtor or any Claim held by an Affiliate of a Debtor against a Debtor.

  • Intercompany Obligations as defined in the Guarantee and Collateral Agreement.

  • Intercompany Claim means any Claim held by a Debtor against another Debtor.

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).

  • Intercompany Loan shall have the meaning provided in Section 8.05(g).

  • Unsecured Creditors means all Creditors with Concurrent Claims against the Company;

  • Intercompany Interests means an Interest in a Debtor held by another Debtor and, for the avoidance of doubt, excludes the Existing Equity Interests.

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • Subordinated Intercompany Debt shall have the meaning assigned to such term in Section 6.01(e).

  • Debtors has the meaning set forth in the Recitals.

  • Intercompany Indebtedness means Indebtedness of Company or any of their respective Subsidiaries which is owing to any member of such group.

  • Intercompany Interest means an Interest in a Debtor held by another Debtor.

  • Subordinated Intercompany Note means the Intercompany Subordinated Note, dated as of the Agreement Date, by and among Holdings, the Borrower and each Restricted Subsidiary of Holdings from time to time party thereto.

  • Intercompany Accounts has the meaning set forth in Section 2.03(a).

  • Lender Creditors shall have the meaning provided in the recitals of this Agreement.

  • Intercompany Account means any receivable, payable or loan between any member of the Ensign Group, on the one hand, and any member of the Pennant Group, on the other hand, that exists prior to the Effective Time and is reflected in the records of the relevant members of the Ensign Group and the Pennant Group, except for any such receivable, payable or loan that arises pursuant to this Agreement or any Ancillary Agreement.

  • Subordinated Claims means the aggregate amount of all claims admitted in the winding up or dissolution of the Issuer which rank, or are expressed to rank, junior to claims in respect of the Senior Non-Preferred Notes or other Senior Non-Preferred Claims, including (without limitation) (i) claims of creditors in respect of the Subordinated Notes and (ii) the obligations of the Issuer which constitute, or would but for any applicable limitation on the amount of such capital constitute, Tier 2 Capital, Additional Tier 1 Capital or CET1 Capital, including, for the avoidance of doubt, all claims in respect of Deferred Shares.

  • Intercompany Receivables means all account, note or loan payables and all advances (cash or otherwise) or any other Extensions of Credit that are receivable by Parent or any of its Subsidiaries (other than the Bank or its Subsidiaries) from the Bank or its Subsidiaries.

  • Subsidiary Debtors means, collectively, Congoleum Sales, Inc. and Congoleum Fiscal, Inc.

  • Intercompany Note any promissory note evidencing loans made by any Grantor to Holdings or any of its Subsidiaries.

  • Intercompany Debt has the meaning specified in Section 7.02.

  • Intercompany Notes means, with respect to each Pledgor, all intercompany notes described in Schedule 11 to the Perfection Certificate and intercompany notes hereafter acquired by such Pledgor and all certificates, instruments or agreements evidencing such intercompany notes, and all assignments, amendments, restatements, supplements, extensions, renewals, replacements or modifications thereof to the extent permitted pursuant to the terms hereof.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Permitted Intercompany Investments means Investments made by (a) a Loan Party to or in another Loan Party, (b) a Subsidiary that is not a Loan Party to or in another Subsidiary that is not a Loan Party, (c) a Subsidiary that is not a Loan Party to or in a Loan Party, so long as, in the case of a loan or advance, the parties thereto are party to the Intercompany Subordination Agreement, and (d) a Loan Party to or in a Subsidiary that is not a Loan Party so long as (i) the aggregate amount of all such Investments made by the Loan Parties to or in Subsidiaries that are not Loan Parties does not exceed $1,000,000 at any time outstanding, (ii) no Default or Event of Default has occurred and is continuing either before or after giving effect to such Investment, and (iii) the Borrowers have Excess Availability plus Qualified Cash of not less than $10,000,000 after giving effect to such Investment.

  • Intercompany Subordination Agreement means an intercompany subordination agreement, dated as of even date with the Agreement, executed and delivered by Borrower, each of its Subsidiaries, and Agent, the form and substance of which is reasonably satisfactory to Agent.