Common use of Advances to Subsidiaries Clause in Contracts

Advances to Subsidiaries. All Advances to Subsidiaries made by the Company after the date of this Indenture will be evidenced by the Intercompany Subordination Agreement. The Intercompany Subordination Agreement will be pledged pursuant to the Security Documents as Collateral to secure the Notes.

Appears in 1 contract

Sources: Indenture (INNOVATE Corp.)

Advances to Subsidiaries. All Advances to Subsidiaries made by the Company after the date of this Indenture will be evidenced by the Intercompany Subordination Agreement. The Intercompany Subordination Agreement will be pledged pursuant to the Security Documents as Collateral to secure the Notes.. 62

Appears in 1 contract

Sources: Indenture (INNOVATE Corp.)