Intercompany Account Settlement definition

Intercompany Account Settlement shall have the meaning ascribed in Section 6.5.
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Intercompany Account Settlement means (a) the payment to Colfax or an Affiliate thereof of any Cash Equivalent (as defined in the Acquisition Agreement) that constitutes an Excluded Asset (as defined in the Acquisition Agreement, but without regard to the last sentence of Section 5.5(e) thereof) and (b) the settlement of any intercompany account between Colfax and any Subsidiary, on the one hand, and any Transferred FH Company (as defined in the Acquisition Agreement) or Closing Subsidiary (as defined in the Acquisition Agreement), on the other hand, that has not been fully settled or terminated as of or prior to the Closing Date.
Sample 1Sample 2Sample 3
Intercompany Account Settlement means (a) the payment to Colfax or an Affiliate thereof of any Cash Equivalent (as defined in the Acquisition Agreement) that constitutes an Excluded Asset (as defined in the Acquisition Agreement, but without regard to the last sentence of Section 5.5(e) thereof) and
Sample 1

Examples of Intercompany Account Settlement in a sentence

  • After giving effect to the Intercompany Account Settlement, (a) the fair saleable value of all of the assets and properties (including goodwill) of the Company will be greater than the total of its Liabilities and (b) the projected cash flow from operating activities of the Company is sufficient to pay the probable Liability on its existing debts as such debts become due and payable and will not result in unreasonably small capital of the Company.

  • After giving effect to the consummation of the Intercompany Account Settlement, neither the Company nor PRMA (with respect to the Convenience Store), on the one hand, or the MGM Entities, on the other hand, shall owe or be liable to the other for the satisfaction of any intercompany accounts or amounts payable (or accrued) to the other.

  • After giving effect to the consummation of the Intercompany Account Settlement, none of the MGM Acquired Entities shall owe or be liable for the satisfaction of any intercompany accounts or amounts payable (or accrued) to any of the MGM Parties, except those between or among the MGM Acquired Entities, if any.

  • SUBREGIONAL AND COUNTRY TRENDS The NGO sectors in the subregions of West, East and Southern Africa have similar overall average scores—with East and Southern Africa at the same level of NGO sustainability, while West Africa’s overall average score is slightly lower.

  • After giving effect to the consummation of the Intercompany Account Settlement, the Company shall not owe or be liable for the satisfaction of any intercompany accounts or amounts payable (or accrued) to Seller or its Affiliates, and Seller and its Affiliates shall not owe or be liable for the satisfaction of any intercompany accounts or amounts payable (or accrued) to the Company.

  • After giving effect to the consummation of the Intercompany Account Settlement, the Company shall not owe or be liable for the satisfaction of any intercompany accounts or amounts payable (or accrued) to MRG or its Affiliates, except those between the Company and DE, if any.

  • After giving effect to the consummation of the Intercompany Account Settlement, neither Company shall owe or be liable for the satisfaction of any intercompany accounts or amounts payable (or accrued) to any of the MGM Entities (other than the other Company), and none of the MGM Entities shall owe or be liable for the satisfaction of any intercompany accounts or amounts payable (or accrued) to any Company.

  • After giving effect to the consummation of the Intercompany Account Settlement, the Company shall not owe or be liable for the satisfaction of any intercompany accounts or amounts payable (or accrued) to MRG or its Affiliates, except those between the Company and DB, if any.

  • After giving effect to the consummation of the Intercompany Account Settlement, the Company shall not owe or be liable for the satisfaction of any intercompany accounts or amounts payable (or accrued) to Parent or any of its 50 Affiliates, and neither Parent nor any of its Affiliates shall owe or be liable for the satisfaction of any intercompany accounts or amounts payable (or accrued) to the Company.

  • After giving effect to the consummation of the Intercompany Account Settlement, the Company shall not owe or be liable for the satisfaction of any intercompany accounts or amounts payable (or accrued) to Parent or any of its Affiliates, and neither Parent nor any of its Affiliates shall owe or be liable for the satisfaction of any intercompany accounts or amounts payable (or accrued) to the Company.


More Definitions of Intercompany Account Settlement

Intercompany Account Settlement has the meaning ascribed to it in Section 4.16. 57
Sample 1
Intercompany Account Settlement means (a) the payment to Colfax or an Affiliate thereof of any Cash Equivalent (as defined in the Acquisition Agreement) that constitutes an Excluded Asset (as defined in the Acquisition Agreement, but without regard to the last sentence of Section 5.5(e) thereof) and(b) the settlement of any intercompany account between Colfax and any Subsidiary, on the one hand, and any Transferred FH Company (as defined in the Acquisition Agreement) or Closing Subsidiary (as defined in the Acquisition Agreement), on the other hand, that has not been fully settled or terminated as of or prior to the Closing Date.
Sample 1

Related to Intercompany Account Settlement

  • Customer account service means metering, billing, or such

  • Net Settlement Fund means the Settlement Fund less: (i) Court-awarded attorneys’ fees and expenses; (ii) Notice and Administration Expenses; (iii) Taxes; and (iv) any other fees or expenses approved by the Court.

  • First Settlement Date means the date set forth in footnote 3 under "Summary of Essential Financial Information" in the Prospectus Part I for a Trust.

  • Account Statement means a periodic statement of the transactions credited or debited to an Account;

  • Account Schedule means a computer file or microfiche list containing a true and complete list of Accounts, identified by account number, and setting forth, with respect to each Account, the aggregate amount outstanding in such Account (a) on the Initial Cut-Off Date (for the Account Schedule delivered on the Closing Date) and (b) on the applicable Addition Cut-Off Date (for any Account Schedule relating to Additional Accounts).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Ontario Settlement Class means the settlement class in respect of the Ontario Action as defined in Schedule A.

  • Excluded Accounts means any Xxxxx Cash Account and any other deposit account used for (a) funding payroll or segregating payroll taxes or funding other employee wage or benefit payments, (b) segregating 401(k) contributions or contributions to an employee stock purchase plan or (c) funding other employee health and benefit plans.

  • Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the basis of work done and the supply of non-perishable materials to be incorporated in the work.

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • Settlement Class Period means the period from and including January 1, 2000 through July 20, 2021.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour. Day-ahead System Energy Price:

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Involuntary Resettlement Safeguards means the principles and requirements set forth in Chapter V, Appendix 2, and Appendix 4 (as applicable) of the SPS;

  • TARGET Settlement Day means any day on which TARGET2 is open for the settlement of payments in euro;

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.