Inter-Company Indebtedness. The list of Inter-Company loans made to or by each Obligor provided to the Intercreditor Agent pursuant to this Agreement, being on the date of this Agreement the list set out in Schedule 7 (Inter Company Loans), is complete and correct in all material respects as at its date.
Inter-Company Indebtedness. [See spreadsheet attached hereto] NET INTERCOMPANY ACCOUNT BALANCES A. T. Cross Company and Subsidiaries NOVENBER 2005 Receiving Company Paying Company $ & Amount & Amount Variance LC US$ LC US$ France UK - UK France 217,170 $ 372,294 317,496 $ 372,296 (2) UK Benelux 2,026,983 $ 2,376,840 (2,376,840) Benelux UK 2,117,965 $ 2,483,526 62,234 $ 106,688 2,376,838 Benelux France 1,620 $ 1,900 1,620 $ 1,899 1 France Benelux - UK Iberia 12 $ 21 21 Iberia UK 55,255 $ 64,792 37,806 $ 64,811 (19) UK Germany 308,535 $ 528,922 2,219,762 $ 2,602,894 (2,073,972) Germany UK 2,771,862 $ 3,250,285 686,177 $ 1,176,314 2,073,971 Benelux Hong Kong 2,015 $ 2,362 2,362 Hong Kong Benelux - Iberia Benelux - $ - - Benelux Iberia - UK Cross - Cross UK $ 11,425,085 6,664,577 $ 11,425,085 (0) Iberia Cross - $ - - Cross Iberia - $ - - $ - - France Cross $ - - Cross France - $ - - $ - - Germany Cross - $ - - $ - - Cross Germany $ (665,176) 567,266 $ (665,176) 0 Benelux Cross - $ - - $ - - Cross Benelux - Euro HQ Asia / Pacific $ 28,800 $ 28,800 - Asia / Pacific Euro HQ $ 1,000 $ 1,000 - Euro HQ Cross - Cross Euro HQ $ 28,800 $ 28,800 - CCJ Hong Kong 108,900 $ 910 910 Hong Kong CCJ 182,653 $ 23,556 2,633,406 $ 22,015 1,541 CCJ Taiwan 362,120 $ 3,027 108,754 $ 3,241 (214) Taiwan CCJ 100,423 $ 2,993 341,794 $ 2,857 000 XXX Xxxxx - Xxxxx CCJ $ 93,081 (18,500,128) $ (154,661) 247,742 Hong Kong Taiwan 212,313 $ 27,381 870,609 $ 25,944 1,437 Xxxxxx Xxxx Xxxx - Xxxx Xxxx Xxxxx 293,364 $ 37,834 37,834 Cross Hong Kong $ 4,372,244 37,764,393 $ 4,870,360 (498,116) Taiwan Cross - Cross Taiwan $ 1,601,051 52,400,915 $ 1,561,547 39,504 Singapore Cross 1,033 $ 000 000 Xxxxx Xxxxxxxxx $ 796,375 1,462,253 $ 863,607 (67,231) Singapore Hong Kong 8,093 $ 4,780 35,420 $ 4,568 212 Hong Kong Singapore 291,624 $ 37,610 65,180 $ 38,495 (885) Xxxxxxxxx Xxxxx - Xxxxx Xxxxxxxxx $ 55,672 75,662 $ 55,672 0 Hong Kong Australia - Australia Hong Kong - $ - - $ - - Cross Canada $ 1,208,722 1,208,722 Canada Cross 1,240,307 $ 1,060,711 $ 2,269,433 (1,208,722) Cross Head Office $ (17,773,795) (17,773,795) Head Office Cross $ 17,773,794 17,773,794 Head Office Euro HQ $ 111,743 $ 111,743 - Euro HQ Head Office - Cross Retail Venture $ 3,113,065 $ 3,113,065 - Retail Venture Cross - Cross International $ 26,113,181 26,113,181 International Cross $ 11,358,212 $ 37,471,393 (26,113,181) Cross Costa Del Mar $ 1,017,976 $ 1,018,274 (298) Costa Del Mar Cross $ (1,666) $ (1,665) (1) TOTAL $ 68,561,679 $ 68,796,139 $ (234,460) ENTRY: C...
Inter-Company Indebtedness. All Indebtedness, other than (i) Earth Tech Intercompany Debt and (ii) Indebtedness relating to the trade of goods or services in the Ordinary Course to the extent treated as current liabilities for purposes of the Closing Working capital calculation and owed by a Purchased Company or any of its Subsidiaries, on one hand, to any Affiliate of Parent, on the other hand, shall be eliminated by repayment, capital contribution, distribution, creation of an intercompany loan, forgiveness, or any combination of the foregoing, at the Parent’s sole and absolute discretion, provided that such elimination does not result in any material adverse Tax consequences to Purchaser.
Inter-Company Indebtedness. The inter-company indebtedness of CAMH, Desminic or Bemilasa owing to the Guarantor, the Seller or any other affiliate of the Guarantor (other than CAMH, Desminic and Bemilasa) shall have been repaid, assigned to the Buyer or an affiliate of the Buyer or otherwise extinguished as determined by the Seller after consultation with the Buyer.
Inter-Company Indebtedness. On or before the Post-Closing Payment Date, Buyer shall cause the Company to pay to Seller all amounts outstanding shown as "I/Co Payables" on the Closing Balance Sheet. Upon the Effective Time, Seller and Seller's Affiliates who are debtors in possession in the Bankruptcy Cases shall release, waive and discharge any and all Claims, Liens and causes of action they have or may have against the Company, and its existing employees or assets, including, without limitation, Claims under Chapter 5 of the Bankruptcy Code and any avoidance claims or causes of action under the Bankruptcy Code and any alleged obligations or Indebtedness owed by Company to Seller; provided however, that the foregoing release does not release, waive or discharge any obligations of the Company or Buyer contained in this Agreement or related documents, including without limitation, Buyer's obligation in this Section 8.15.
Inter-Company Indebtedness. With respect to the Inter- Company Indebtedness described in subsection 9.1(f)(iii), the Agent shall have received (i) the original note evidencing the Inter-Company Indebtedness duly executed by an officer of the Company and endorsed by the holder of the note to the Agent for the ratable benefit of the Banks, to be held as security for the Loans; (ii) the original security agreement encumbering the Inventory of the Company, duly executed by an officer of the Company and assigned to the Agent for the ratable benefit of the Banks as security for the Loans; and (iii) a subordination agreement duly executed by the Company, CSC and Catherines of Nevada, Inc., all of which in the sole discretion of the Agent and the Banks are acceptable to the Agent and the Banks.
Inter-Company Indebtedness. [See spreadsheet attached hereto.] NET INTERCOMPANY ACCOUNT BALANCES 13-Aug-10 10:58 AM A.T. Cross Company and Subsidiaries 1 JUNE 2010 Receiving Company Paying Company $ Net Company & Amount & Amount Variance Balance Explanation or Entry LC US$ LC US$ France France - $ - 930,621 $ 1,167,929 (1,167,929 ) UK UK (0 ) 768,526 $ 1,167,929 $ - 1,167,929 UK UK 1,329 $ 2,020 - $ - 2,020 Hong Kong Hong Kong 374 104,332 $ 13,382 117,136 $ 15,029 (1,646 ) UK UK 1,437,094 $ 2,183,951 2,554,218 $ 3,881,646 (1,697,694 ) Germany Germany (349 ) 7,444,498 $ 9,342,845 6,092,032 $ 7,645,500 1,697,345 UK UK - - 3,116,368 4,735,944 (4,735,944 ) Cross Cross 592 - $ 4,736,536 - - 4,736,536 China China ($660,000) Inventory (due to timing) 43,328,648 $ 6,380,399 82,735,785 $ 12,183,331 (5,802,932 ) $200,000 Cash in Transit Cross Cross (514,873 ) $50,000 AP - Cash mistake - not fixed correctly (AP) $ 9,683,653 $ 4,395,594 5,288,059 ($113,729) Q2 tax not recorded on China books Asia / Pacific Asia / Pacific 1,000 $ 28,800 (27,800 ) Euro HQ Euro HQ - 28,800 $ 1,000 27,800 Euro HQ Euro HQ 45,841 (45,841 ) Cross Cross - 45,841 45,841 CCJ CCJ 847,766 $ 9,660 515,960 $ 5,877 3,783 Hong Kong Hong Kong (275 ) 43,542 $ 5,586 75,170 $ 9,644 (4,058 ) CCJ CCJ $ - 321,034,069 $ 3,656,899 (3,656,899 ) Cross Cross (0 ) $ 3,656,899 - $ - 3,656,899 Hong Kong Hong Kong 98,858 $ 12,683 1,198 $ 154 12,530 Taiwan Taiwan 149 4,950 $ 153 404,319 $ 12,534 (12,381 ) Hong Kong Hong Kong 7,500,740 $ 962,345 53,155,439 6,819,843 (5,857,498 ) HK accrued royalty to non-intercompany accrual Cross Cross 18,267 $ 5,875,765 - - 5,875,765 Hong Kong Hong Kong 946,968 $ 121,496 - $ - 121,496 China China (0 ) $ - 826,126 $ 121,496 (121,496 ) HK (HOLDING CO. OF CHINA) HK (HOLDING CO. OF CHINA) - $ - 1,188,962 $ 152,544 (152,544 ) HK HK (59 ) 1,188,507 $ 152,485 - $ - 152,485 Taiwan Taiwan $ - 52,435,827 $ 1,625,511 (1,625,511 ) $38,809 Stock in transit Cross Cross 38,809 $ 1,664,320 - $ - 1,664,320 Singapore Singapore 42,102 $ 30,276 1,092,075 $ 785,311 (755,035 ) Cross Cross (10 ) $ 755,025 - $ - 755,025 Hong Kong Hong Kong 6,878,650 $ 882,531 - $ - 882,531 Shanghai Shanghai 14,370 - $ - 5,877,866 $ 868,161 (868,161 ) Singapore Singapore - 5,789 $ 4,163 (4,163 ) Hong Kong Hong Kong 4 32,449 $ 4,166 - $ - 4,166 Cross Cross $ 41,586 - $ - 41,586 Canada Canada (0 ) - $ - 44,179 $ 41,586 (41,586 ) Cross Cross - $ (8,758,044 ) $ - (8,758,044 ) LIMITED (HO) LIMITED (HO) - $ 8,758,044 $ - 8,758,044 LIMITED (HO) LIMITED (HO) ...
Inter-Company Indebtedness. Promptly following the Closing, (i) the Purchaser shall, or shall cause an Affiliate (including after the Closing the New Securities Company or any of the Group Companies) to, repay all Indebtedness owed by the New Securities Company or any Group Company to the Sellers or any of their Affiliates (excluding, for the avoidance of doubt, the New Securities Company or any Group Company) and (ii) the Sellers shall, or shall cause an Affiliate (other than the New Securities Company or any Group Company) to, repay all Indebtedness owed by the Sellers or any Affiliate (excluding, for the avoidance of doubt, the New Securities Company or any Group Company) to the New Securities Company or any Group Company. For the avoidance of doubt, all such Indebtedness before the repayment shall be reflected in the calculation of Adjusted Combined Net Assets.
Inter-Company Indebtedness. Except as otherwise disclosed in the Time of Sale Disclosure Package, (A) no indebtedness (actual or contingent) and no contract or arrangement is outstanding between the Company or any of its subsidiaries and (B) no indebtedness (actual or contingent) and no material contract or arrangement is outstanding between (i) the Company or any of its subsidiaries, and (ii) any significant shareholder of the Company, any director of the Company or related party of the Company or any of their associates.
Inter-Company Indebtedness. [See spreadsheet attached hereto.] H:\Word\CREDIT FACILITY 2008\Credit Facility Schedules 2008.doc NET INTERCOMPANY ACCOUNT BALANCES 18-May-08 10:14 AM A. T. Cross Company and Subsidiaries 1 DECEMBER 2007 ____________________________________________________________________________________________ Receiving Company Paying Company $ Combined & Amount & Amount Variance Variance Explanation or Entry LC US$ LC US$ ____________________________________________________________________________________________ France UK $ - $ - - UK France 2 - $ 653,183 - $ 653,181 2 ____________________________________________________________________________________________ UK Benelux - $ 218,699 - $ 7,176,664 (6,957,965) Benelux UK - - 6,957,965 $ - 6,957,965 ____________________________________________________________________________________________ UK Iberia - $ 24 - $ 181 (157) Iberia UK (180) - - $ 23 (23) ____________________________________________________________________________________________ UK Germany - $ 1,832,504 - $ 6,877,926 (5,045,422) Germany UK 1 - $ 8,685,273 - $ 3,639,850 5,045,423 ____________________________________________________________________________________________ UK Cross - - Cross UK 3,785 $ 15,208,973 - $ 15,205,188 3,785 ____________________________________________________________________________________________ China Cross - $ 3,525,363 - $ 6,209,255 (2,683,892) Cross China 4,947 $ 21,585,377 - $ 18,896,538 2,688,839 ____________________________________________________________________________________________ Euro HQ Asia / Pacific 28,800 $ 28,800 - Asia / Pacific Euro HQ - 1,000 $ 1,000 - ____________________________________________________________________________________________ Euro HQ Cross - Cross Euro HQ - 28,800 $ 28,800 - ____________________________________________________________________________________________ CCJ Hong Kong - 1,244 - $ 1,186 58 Hong Kong CCJ 124 - $ 2,167 - $ 2,101 66 ____________________________________________________________________________________________ CCJ Taiwan Taiwan CCJ - - $ - - $ - - ____________________________________________________________________________________________ CCJ Cross - $ 43,359 43,359 Cross CCJ 43,547 $ 4,352,790 - $ 4,352,602 188 ____________________________________________________________________________________________ Hong Kong Taiwan - $ 12,443 - $ 12,574 (131) Taiwan Hong Kong (132) - $ 98 - $ 99 (1) _____________________________________________________________________________________...
