KAI Intercompany Loans

KAI Intercompany Loans. Means one or more intercompany loans made by Borrowers to KAI that are (a) funded solely from the proceeds of a Delayed Draw Term Loan Advance within 3 days of the funding of such Delayed Draw Term Loan Advance, (b) evidenced by one or more notes, each duly endorsed to Lender, such notes and endorsement to be in form and substance satisfactory to Lender.