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

Subordinated Intercompany Debt means unsecured Indebtedness (a) subordinated to the Obligations by provisions substantially in the form set forth in Schedule II hereto and (b) the terms of which (including interest rate) are not more burdensome to the obligor or obligors thereunder than those terms generally available from independent third parties to obligors similarly situated as such obligor or obligors.

Subordinated Intercompany Debt means Debt of the Borrower or the Guarantor owing to Andersons or any of its Subsidiaries that has been subordinated to the Obligations in right of payment in a manner satisfactory to the Agent.

Examples of Subordinated Intercompany Debt in a sentence

Without limiting the last sentence of Section 4.03(c), each Grantor will cause any Subordinated Intercompany Debt that constitutes Indebtedness for borrowed money owed to it by any Subsidiary of the Borrower that is not an Obligor to be evidenced by the Intercompany Note, duly executed by it and delivered to the Collateral Agent for the ratable benefit of the Secured Parties.
The Obligations constitute “Senior Debt” (or the equivalent thereof) under the Subordinated Intercompany Debt and any Permitted Refinancing Indebtedness in respect thereof.
Until the Subordination Termination Date, no Subordinated Creditor shall, without the prior written consent of the Micron Parties, take any Enforcement Action with respect to the Subordinated Intercompany Debt.
In the event of any conflict between this Agreement and any other provision of any Subordinated Intercompany Debt Agreements or any other agreement, instrument or understanding governing the Subordinated Debt, this Agreement shall control to the extent of such conflict.
For the avoidance of doubt, each Subordinated Intercompany Debt Agreement shall continue on and after execution and delivery of this Agreement without any novation, discharge, rescission, extinguishment or substitution of the Obligors’ rights and obligations thereunder pursuant to the terms thereof.

More Definitions of Subordinated Intercompany Debt

Subordinated Intercompany Debt has the meaning stated therefor in Section 9.24.

Subordinated Intercompany Debt means Debt of any Credit Party owing to any other Credit Party that is subordinated in right of payment and otherwise to the Revolving Loan and the other Credit Obligations in a manner satisfactory to the Administrative Agent.

Subordinated Intercompany Debt means unsecured loans made by Debtor to Guarantor, provided that such Indebtedness shall be subordinated pursuant to a subordination agreement in favour of (among others) the Sprott Entities pursuant to which, among other things, Dxxxxx agrees (a) to subordinate and postpone the Indebtedness to the PF Obligations, (b) that no Liens have been or will be taken, (c) that no remedies will be exercised while any PF Obligations remain outstanding, and (d) that in connection with any Insolvency Event, Debtor will not vote its claim in respect thereof in any manner that would prejudice the Sprott Entities’ rights and remedies under this Debenture or any of the Security.

Subordinated Intercompany Debt means unsecured loans made solely among one or more Seller PSA Entities, provided that such Financial Indebtedness shall be subordinated pursuant to a Subordination Deed.

Subordinated Intercompany Debt any Indebtedness of the Borrower or any other Loan Party owed to Holdings, the terms of which are expressly subordinated in right of payment in full to the Obligations by the execution and delivery of the Intercompany Subordination Agreement.

Subordinated Intercompany Debt means, on any date, any Intercompany Debt