Global Intercompany Note Clause Samples
A Global Intercompany Note is a contractual provision that governs the terms of loans or financial obligations between different entities within the same corporate group, often across multiple jurisdictions. This clause typically outlines the principal amount, interest rate, repayment schedule, and other key terms applicable to intercompany borrowings, ensuring consistency and compliance with both internal policies and external regulations. Its core practical function is to formalize and standardize financial arrangements between related companies, thereby reducing legal and tax risks and ensuring transparent record-keeping for audit and regulatory purposes.
Global Intercompany Note. Within thirty (30) days after the date hereof (or such later date approved by Collateral Agent), the Borrowers shall deliver to the Collateral Agent the Global Intercompany Note, together with an allonge related thereto indorsed in blank.
Global Intercompany Note. With respect to the Parent Guarantor, the Global Intercompany Note.
Global Intercompany Note. Reference is made to that certain Global Intercompany Note dated as of October 7, 2022 by and among each of the Loan Parties, and Pagaya Investments S.A.R.L, and Pagaya Investments CH AG. Each Loan Party for itself and on behalf each other non-Loan Party Group Member party thereto hereby acknowledges and agrees that upon and after the First Amendment Effective Date, the reference in the Global Intercompany Note to “Silicon Valley Bank”, shall mean and be a reference to “Silicon Valley Bank, a division of First-Citizens Bank & Trust Company” and each reference to the Administrative Agent shall mean and be a reference to First-Citizens Bank & Trust Company in its capacity as Administrative Agent hereunder. [SIGNATURE PAGES FOLLOW] ny-2622710 Annex A Conformed Credit Agreement [see attached] Conformed Through the First Amendment EXECUTION VERSION ny-2616960 SENIOR SECURED REVOLVING CREDIT AGREEMENT dated as of September 2, 2022, among PAGAYA TECHNOLOGIES LTD., and as the BorrowerPAGAYA US HOLDING COMPANY LLC, jointly and severally, individually and collectively as the context may require, as the Borrower, THE SEVERAL LENDERS FROM TIME TO TIME PARTY HERETO, SILICON VALLEY BANK, a division of FIRST-CITIZENS BANK & TRUST COMPANY, as Administrative Agent, Issuing Lender and Swingline Lender, and SILICON VALLEY BANK, a division of FIRST-CITIZENS BANK & TRUST COMPANY, as Lead Arranger
Global Intercompany Note. The Administrative Agent shall have received a global subordinated intercompany note with respect to any indebtedness owing by any Loan Party to any U.S. Loan Party or Canadian Loan Party, executed by each payor thereunder and each payee thereunder.
Global Intercompany Note. The Global Intercompany Note (which shall contain subordination provisions satisfactory to the Administrative Agent, including with respect to the Existing Cash Management Practices) shall have been duly executed by the parties thereto and delivered to the Administrative Agent.