requirements to shareholders under applicable REIT requirements under the Code shall not constitute Indebtedness. For all purposes with respect to this definition, the term Indebtedness of the Company and its Restricted Subsidiaries shall exclude (i) intercompany liabilities arising from or associated with cash management, tax, or accounting operations and made in the ordinary course of business, (ii) intercompany loans, advances or Indebtedness having a term not exceeding 364 days (inclusive of any rollover or extensions of terms) and made in the ordinary course of business and (iii) Permitted Non-Recourse Guarantees.
Indenture means this Indenture, as amended or supplemented from time to time.
Indirect Participant means a Person who holds a beneficial interest in a Global Note through a Participant.
Initial Notes means the $550,000,000 in aggregate principal amount of Notes issued under this Indenture on the Issue Date.
Initial Pledged Equity Interests means, on the Issue Date, the Equity Interests in the following Subsidiary Guarantors: HLT NY Hilton LLC, Chicago Hilton LLC, HLT San Jose LLC, Hilton Land Investment 1, LLC, G/B/H Four Star, LLC, G/B/H Condo Owner, LLC, G/B/H Golf Course, LLC, Casa Marina Owner, LLC, BRE/FL Development Parcels L.L.C., Key West Reach Owner, LLC, and Global Resort Partners.
Initial Purchasers means BofA Securities, Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, BBVA Securities Inc., PNC Capital Markets LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., SunTrust Robinson Humphrey, Inc., Barclays Capital Inc., Deutsche Bank Securities Inc., RBC Capital Markets, LLC, Credit Agricole Securities (USA) Inc., Raymond James & Associates, Inc., BNY Mellon Capital Markets, LLC and Regions Securities LLC.
Institutional Accredited Investor means an institution that is an accredited investor as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act.
Intellectual Property means patents, patent applications, trademarks, trademark applications, service marks, service mark applications, trade names, URLs, copyrights, computer software, trade secrets, know-how and processes.
Intercreditor Agreement means that certain Amended and Restated Pari Passu Intercreditor Agreement (as amended, restated, supplemented or otherwise modified from time to time), dated as of the Issue Date, among (i) the 2021 Credit Facility Collateral Agent, as collateral agent for the 2021 Credit Facility Secured Parties, (ii) the Term Loan Collateral Agent, as collateral agent for the Term Loan Secured Parties, (iii) the Collateral Agent, as collateral agent for the Notes Secured Parties, (iv) each Additional Pari Passu Collateral Agent from time to time party thereto for the Additional Pari Passu Secured Parties of the Series with respect to which it is acting in such capacity, (v) the Company and (vi) each of the Grantors from time to time party thereto.