Subsidiary Intercompany Notes definition
Examples of Subsidiary Intercompany Notes in a sentence
All advances to Subsidiaries made by the Borrower from time to time after the Closing Date shall be evidenced by unsecured Subsidiary Intercompany Notes (in form acceptable to Lender) in favor of the Borrower that will be pledged to the Lender as Hyatt Gaming Collateral to secure the Note, subject to the Intercreditor Agreement.
All advances (other than equity contributions of not more than $1,000) to Subsidiaries made by the Company from time to time after the date of this Indenture shall be evidenced by unsecured Subsidiary Intercompany Notes in favor of the Company that shall be pledged to the Trustee as Note Collateral to secure the Notes.
All advances to Subsidiaries made by the Company from time to time after the Issue Date, other than the MFH Capital Contributions, shall be evidenced by unsecured Subsidiary Intercompany Notes in favor of the Company that will be pledged to the Collateral Agent pursuant to the Pledge Agreement as Pledged Collateral to secure the Notes.
The Subsidiary Intercompany Notes shall be payable upon demand, shall bear interest at the same rate as the Senior Notes, or such higher rate as the Company may determine, and shall be secured by a first priority Lien on all of the assets of the Borrowing Subsidiary.
All advances to Subsidiaries made by the Company from time to time after the Closing Date shall be evidenced by unsecured Subsidiary Intercompany Notes in favor of the Company that will be pledged to the Trustee as Collateral to secure the Notes, subject to the Intercreditor Agreement.
All loans to Subsidiaries made by the Company from time to time after the date hereof shall be evidenced by unsecured Subsidiary Intercompany Notes in favor of the Company that will be pledged to the Collateral Agent pursuant to the Pledge Agreement as Collateral to secure the Notes.