Intercompany Promissory Note definition

Intercompany Promissory Note means the Master Intercompany Subordinated Note, dated the Closing Date, made by each Credit Party, as obligors, to each other Credit Party, as payees, as the same may be amended, restated or otherwise modified from time to time.
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Intercompany Promissory Note is defined in Section 1.6.10.
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Intercompany Promissory Note means an unsecured note in form and substance satisfactory to the Administrative Agents, made by the Borrower or any Subsidiary Guarantor in favor of the Borrower or any Subsidiary Guarantor, as the case may be, the obligations under which have been subordinated to the payment in full of the Obligations on terms and conditions satisfactory to the Requisite Lenders.
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Examples of Intercompany Promissory Note in a sentence

  • On or about July 18, 2014, Paragon Offshore Finance Company (“Paragon Finance”), a debtor in the above-captionedproceeding, transferred $678,702,904.41 to NHIL 1 (the “NHIL 1 Note Payment”) in satisfaction of an Intercompany Promissory Note, dated July 15, 2014, in the principal amount of $678,629,103.49 (the “NHIL 1 Note”), plus $73,800.92 in unpaid interest.

  • On or about July 18, 2014, Paragon Finance transferred $678,702,904.41 to NHIL 2 (the “NHIL 2 NotePayment”) in satisfaction of an Intercompany Promissory Note, dated July 15, 2014, in the principal amount of $678,629,103.49 (the “NHIL 2 Note” and, together with the NHIL Note 1, the “NHIL Notes”), plus $73,800.92 in unpaid interest.

  • On or about July 18, 2014, Paragon Finance transferred $353,330,213.50 to FDR (the “FDR Note Payment” and, together with the NHIL 1Note Payment and the NHIL 2 Note Payment, the “Note Payments”) in satisfaction of an Intercompany Promissory Note, dated July 15, 2014, in the principal amount of $353,291,793.02 (the “FDR Note” and, together with the NHIL Notes, the “Intercompany Notes”), plus$38,420.48 in unpaid interest.

  • The Intercompany Promissory Note is secured by a mortgage on the Summit property.

  • The 2006 Grid Promissory Note matures on November 30, 2020.3. 2009 Intercompany Promissory Note (Toys Inc.

  • Indebtedness of any Restricted Subsidiary owing to the Borrower or another Restricted Subsidiary subordinated to the Obligations, the Cash Management Obligations and the Secured Swap Obligations on terms satisfactory to the Administrative Agent; provided that the Indebtedness represented by that certain Intercompany Promissory Note for the principal sum of $100,000,000 dated January 1, 2015 from TPL Arkoma Inc.

  • Regarding ALM activities, two ALM Committee meetings were held during which the following recommendations were made:- undertaking a high-level mission led by the President of the Bank to impress on Member States to pay the called-up capital;- raising a debenture loan on the UEMOA market and /or the Nigerian market in the shortest possible time ;- instituting an indicator for liquidity risks i.e. the (Liquid assets to one year disbursement needs ratio.

  • By filing made on October 5, 2011, PNGC filed with the Commission as an affiliated interest agreement a new, proposed Intercompany Promissory Note in a principal amount of up to $205,000,000 to replace the intercompany working capital and capital expenditure notes mentioned above.

  • Daniel Diena will personally guarantee the payment of amounts due under the Intercompany Promissory Note.

  • On or about July 18, 2014, Paragon Finance transferred $353,330,213.50 to FDR (the “FDR Note Payment” and, together with the NHIL 1 Note Payment and the NHIL 2Note Payment, the “Note Payments”) in satisfaction of an Intercompany Promissory Note, dated July 15, 2014, in the principal amount of $353,291,793.02 (the “FDR Note” and, together with the NHIL Notes, the “Intercompany Notes”), plus $38,420.48 in unpaid interest.


More Definitions of Intercompany Promissory Note

Intercompany Promissory Note means the debt instrument dated July 31, 2006 between Company and UK Bidco evidencing the $48,000,000 intercompany loan from Company to UK Bidco.
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Intercompany Promissory Note has the meaning assigned to such term in Section 6.33. “Interest Account” means that certain account ending in 5356 at Compass Bank that is in the name of the Borrower and subject to a control agreement in form and substance acceptable to the Super Priority Agent (providing for immediate control over such account). “Interest Payment Date” means the first Business Day of each calendar month and the Maturity Date. “Investment” has the meaning set forth in Section 1.1 of the Existing Credit Agreement. “IRS” means the United States Internal Revenue Service. “Laws” has the meaning set forth in Section 1.1 of the Existing Credit Agreement. “Legal Retainer Account” means that certain account ending in 6213 at Compass Bank that is in the name of the Borrower and subject to a control agreement in form and substance acceptable to the Super Priority Agent (providing for immediate control over such account). “Lending Office” has the meaning set forth in Section 1.1 of the Existing Credit Agreement; provided that any reference to “Administrative Agent” therein shall be to be a reference to “Super Priority Agent” and any reference to “Lender” therein shall be deemed to be a reference to “Super Priority Lender”. “Lien” has the meaning set forth in Section 1.1 of the Existing Credit Agreement. “Loan” has the meaning assigned to such term in Section 2.1. 10 502181848 v5 1205867.00001
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Intercompany Promissory Note means promissory note in form reasonably satisfactory to the Administrative Agent executed by a Subsidiary in favor of the Borrower.
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Intercompany Promissory Note means a demand note, substantially in the form of Exhibit J hereto and in any event in form and substance satisfactory to the Agent, executed by a Loan Party, in its capacity as an intercompany borrower, in favor of any Borrower, in its capacity as an intercompany lender, and collaterally assigned to the Agent.
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Related to Intercompany Promissory Note

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

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

  • Promissory Notes Security", "Record", "Security Account", "Software", and "Supporting Obligations".

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

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

  • 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.

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

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

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

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

  • Intercompany Agreement means the agreement regarding the treatment of certain existing intercompany balances entered into on June 11, 2020 by and among ODBINV S.A. - Em Recuperação Judicial, Odebrecht S.A. - Em Recuperação Judicial and Odebrecht Engenharia e Construção S.A., as generally described and summarized in “The Restructuring – Treatment of Intercompany Claims” of the Consent Solicitation Statement.

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

  • 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.

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

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

  • Global Intercompany Note means the global intercompany note substantially in the form of Exhibit F pursuant to which intercompany obligations and advances owed by any Loan Party are subordinated to the Obligations.

  • Intercompany License Agreement means any cost sharing agreement, commission or royalty agreement, license or sub-license agreement, distribution agreement, services agreement, Intellectual Property rights transfer agreement or any related agreements, in each case where all the parties to such agreement are one or more of the Borrower and any Restricted Subsidiary thereof.

  • Intercompany Debt has the meaning specified in Section 7.02.

  • Secured Promissory Note is defined in Section 2.4.

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • 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 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.

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

  • Seller Note means the promissory note evidencing Xxxxxxxx’s repayment obligations in respect of the Seller Loan.