Intercompany Amounts Sample Clauses

Intercompany Amounts. Immediately prior to the Closing, (a) all intercompany accounts payable owing to the Sellers or any of their affiliates by the Industrial Power Transmission Business, and (b) all intercompany accounts payable owing by the Sellers or any of their affiliates to the Industrial Power Transmission Business shall be forgiven, discharged, released or paid, in each case as determined by the Sellers in their sole discretion and such transactions shall be reflected on the Closing Date Statement of Net Assets, except as otherwise provided in the Accounting Principles.
Sample 1
Intercompany Amounts. [Steps 3 and 12]. (i) The amount to be paid by ABB to Purchaser pursuant to Section 1(b) of this Settlement includes an amount equal to US$5,517,000 in respect of the aggregate of the amounts set forth on Annex 4.
Sample 1
Intercompany Amounts. (a) Section 3.33(a) of the Seller Disclosure Letter lists all inter-company balances as of the Reference Date between Tiptree or any of its controlled Affiliates (other than the Transferred Companies), on the one hand, and a Transferred Company, on the other hand.
Sample 1
Intercompany Amounts. As of the Closing, the Covance Parties shall cause all intercompany Liabilities and payables of the Company or the Predecessor Entity to be cancelled or forgiven and neither the Company nor the Predecessor Entity shall have any further Liability with respect thereto.
Sample 1
Intercompany Amounts. Prior to the First Closing, Seller will capitalize all intercompany obligations owed to Seller or any of its Affiliates by the UrbanNet Companies. Prior to the Second Closing, Seller will capitalize all intercompany obligations owed to Seller or any of its Affiliates by the Company and the IT Subsidiaries.
Sample 1

Related to Intercompany Amounts

  • Intercompany Debt It is understood that Debt shall not include any redeemable equity interest in the Company.

  • Intercompany Liabilities Any and all Liabilities of Seller for intercompany advances, charges, or accounts payable of any kind or nature; and

  • Intercompany Loans Notwithstanding any provision to the contrary set forth in the Transaction Documents (including, without limitation, clause (s) of the definition of “Eligible Loan” in Annex X), the Guarantor (i) shall not permit any Seller to sell, transfer, assign or otherwise convey any Intercompany Loan to Bunge Funding under the Sale Agreement that has a maturity in excess of six (6) years and (ii) shall either cause a Seller, Bunge Funding or the Trustee to demand repayment of all outstanding principal and accrued interest under each Intercompany Loan or cause a Seller to refinance such amounts by making a new Intercompany Loan to the applicable Obligor within six (6) years from the date of such Intercompany Loan.

  • Intercompany Accounts 39 SECTION 3.31

  • Intercompany Indebtedness The Company shall not create, incur, assume or otherwise become or remain directly or indirectly liable with respect to any Indebtedness arising from loans from any Subsidiary to the Company unless (a) such Indebtedness is unsecured and (b) such Indebtedness shall be expressly subordinate to the payment in full in cash of the Obligations on terms satisfactory to the Administrative Agent.

  • Intercompany Obligations At all times, the Company shall ensure that all intercompany obligations (including, without limitation, obligations pursuant to transfer pricing and royalty agreements) owed by the Company or a Restricted Subsidiary to the Company or any of its Subsidiaries shall be subordinated in writing in right of payment to the Notes or the applicable Subsidiary Guarantee and unsecured.

  • Subordination of Intercompany Debt Each Credit Party agrees that all intercompany Indebtedness among Credit Parties (the “Intercompany Debt”) is subordinated in right of payment, to the prior payment in full of all Credit Party Obligations. Notwithstanding any provision of this Credit Agreement to the contrary, provided that no Event of Default has occurred and is continuing, Credit Parties may make and receive payments with respect to the Intercompany Debt to the extent otherwise permitted by this Credit Agreement; provided that in the event of and during the continuation of any Event of Default, no payment shall be made by or on behalf of any Credit Party on account of any Intercompany Debt. In the event that any Credit Party receives any payment of any Intercompany Debt at a time when such payment is prohibited by this Section, such payment shall be held by such Credit Party, in trust for the benefit of, and shall be paid forthwith over and delivered, upon written request, to, the Administrative Agent.

  • Investment of Amounts in Special Payments Account Any amounts on deposit in the Special Payments Account prior to the distribution thereof pursuant to Section 2.4(b) or (c) shall be invested in accordance with Section 2.2(b). Investment Earnings on such investments shall be distributed in accordance with Section 2.4(b) or (c), as the case may be.

  • Distributions Payable in Cash; Redemption Payments In the event that the Board of the Investment Company shall declare a distribution payable in cash, the Investment Company shall deliver to FTIS written notice of such declaration signed on behalf of the Investment Company by an officer thereof, upon which FTIS shall be entitled to rely for all purposes, certifying (i) the amount per share to be distributed, (ii) the record and payment dates for the distribution, and (iii) that all appropriate action has been taken to effect such distribution. Once the amount and validity of any dividend or redemption payments to shareholders have been determined, the Investment Company shall transfer the payment amounts from the Investment Company's accounts to an account or accounts held in the name of FTIS, as paying agent for the shareholders, in accordance with any applicable laws or regulations, and FTIS shall promptly cause payments to be made to the shareholders.

  • Accounts Receivable and Payable The accounts receivable reflected on the Financial Statements arose in the ordinary course of business and, except as reserved against on the Financial Statements, are collectible in the ordinary course of business and consistent with past practices, free of any claims, rights or defenses of any account debtor. No accounts payable of the Company are over forty-five (45) days old.

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