Intercompany Amount definition

Intercompany Amount means an amount, which may be positive or ------------------- negative, equal to (i) the Initial Intercompany Amount plus (ii) the ---- net amount (which amount may be negative) of any cash received by CSI with respect to the Company Business during the period from June 3, 2000 through the Transformation Date minus any cash spent by CSI with respect to the Company Business during the period from June 3, 2000 through the Transformation Date minus (iii) any obligations in ----- respect of accounts payable and other current liabilities incurred by CSI with respect to the Company Business during the period from June 3, 2000 through the Transformation Date not assumed by the Company pursuant to this Agreement.
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Intercompany Amount means the aggregate outstanding amounts owed by the Company and its Subsidiaries to Seller for the period beginning on the day after the Interim Balance Sheet Date through the Closing Date.
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Intercompany Amount means the aggregate balance (if any) due from/to the Target Group Companies on the intercompany trading account, being the account operated by the Seller and used to receive and pay money on behalf of the Target Group Companies from and to Third Parties, members of the Virgin Media Group and (if applicable) members of the Buyer Group (and reflected in the line items “Intercompany Receivables – VM” and “Intercompany Payables – VM” in the Management Accounts), as at the Effective Time calculated and determined in accordance with Schedule 5. To the extent such balance comprises a net asset in the books of the Target Group Companies then it shall constitute a positive number and to the extent such balance constitutes a net liability it shall constitute a negative number.
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Examples of Intercompany Amount in a sentence

  • On the date which is at least three (3) Business Days prior to the Completion Date, the Seller shall provide to the Purchaser a bona fide written estimate of the Estimated Debt-Like Items Amount, the Estimated Net Intercompany Amount, the Estimated Inventory Amount and the Estimated Working Capital Amount in the form of an Estimated Net Intercompany Statement, an Estimated Debt-Like Items Statement, an Estimated Inventory Statement and an Estimated Working Capital Statement.

  • The Purchaser shall cause the Company to pay the First Intercompany Amount Estimate to the Seller at Closing by wire transfer of immediately available funds to a bank account designated by the Seller.

  • If the parties agree on the amounts relating to the intercompany accounts (the net sum of such amounts being the “Second Intercompany Amount Estimate”) set forth in the Estimated Balance Sheet, the Purchaser shall pay promptly to the Seller the difference (the “Intercompany Amount Adjustment”), if positive, between the Second Intercompany Amount Estimate and the First Intercompany Amount Estimate.

  • Daisytek shall deliver, or cause to be delivered, to Purchaser the Intercompany Amount by wire transfer of immediately available funds in the lawful money of the United States of America to Purchaser's Bank Account.

  • If the parties disagree on the payment of the Intercompany Amount Adjustment, any payments to be made by the Purchaser or the Seller in respect of intercompany amounts shall be made in accordance with Section 5.13(d).

  • The parties acknowledge that the netting of Final Intercompany Receivables and Final Intercompany Payables, the payment of the Final Net Intercompany Amount (whether a payable or a receivable), and the resulting adjustment to the Initial Purchase Price, will always be non-cash adjustments, and, by means of the process referred to in this Section 2.2.2.3, as of the Closing, the Final Intercompany Payables and Final Intercompany Receivables shall be extinguished and released.

  • The purchase price for the Shares and the Intercompany Amount (the "Purchase Price") shall be equal to five hundred and ninety six thousand five hundred and twenty six Euro (596,526), on the basis of the Intercompany Amount as of 31 August 2002 allocated as follows: - Euro 1 for the Shares; - Euro 596,525 for the Intercompany Amount.

  • If the final Intercompany Amount is higher than the Intercompany Amount as of August 31, 2002 (i.e. Euro 1,409,122), the part of the Purchase Price allocated to the Intercompany Amount will be increased accordingly on an Euro by Euro basis.

  • If the parties disagree on the payment of the Intercompany Amount Adjustment, any payments to be madeby the Purchaser or the Seller in respect of intercompany amounts shall be made in accordance with Section 5.13(d).

  • At any time prior to an Event of Default under this Final Order, and upon written notice to the Debtors and the Prepetition Agent, with a copy to the Committee, Novelion may request a withdrawal from the Novelion Segregated Licensing Account, and any such draw request shall be honored by the Debtors within three (3) business days and be deemed to reduce the Non-Contested Novelion Intercompany Amount claim under the Plan in an amount equal to $1.75 for every dollar drawn, as set forth therein.


More Definitions of Intercompany Amount

Intercompany Amount means an amount agreed by Shareholder and Buyer and set forth on a certificate signed by the parties as of the Closing.
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Intercompany Amount means an amount, which may be positive or negative, equal to (i) the Initial Intercompany Amount plus (ii) the net amount (which amount may be negative) of any cash received by CSI with respect to the Company Business during the period from June 3, 2000 through the Transformation Date minus any cash spent by CSI with respect to the Company Business during the period from June 3, 2000 through the Transformation Date minus (iii) any obligations in respect of accounts payable and other current liabilities incurred by CSI with respect to the Company Business during the period from June 3, 2000 through the Transformation Date not assumed by the Company pursuant to this Agreement.
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Intercompany Amount is defined in Section 2.3 of this Agreement.
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Intercompany Amount shall have the meaning given to such term in Section 2.6(a) of this Agreement.
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Intercompany Amount means, as of the end of any fiscal month of Circuit City Stores, the difference between (i) the sum of (A) the aggregate amount of indebtedness of Circuit City Stores and the Circuit City Subsidiaries attributed to the CarMax Group that is reflected as a liability of the CarMax Group in the most recent publicly filed financial statements of Circuit City Stores and its Subsidiaries or (to the extent changed or arising thereafter) would be so reflected in a subsequent filing of such financial statements as determined in accordance with the Allocation Policies applied consistently with past practices but that is not otherwise assumed by one of the Spincos as part of the CarMax Group Liabilities (as of the end of the prior fiscal month) and (B) any items which increase the liabilities of the CarMax Group in the intergroup accounts identified on Schedule 2.6 hereto since the end of such prior fiscal month minus (ii) any items which decrease the liabilities of the CarMax Group in the intergroup accounts identified on Schedule 2.6 hereto since the end of such prior fiscal month.
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Intercompany Amount shall have the meaning ascribed to it in Clause 3.2.
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Related to Intercompany Amount

  • Intercompany Debt has the meaning specified in Section 7.02(d).

  • Intercompany Payables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are payable by Seller or any of its Affiliates (other than the Company or its Subsidiaries) to the Bank, the Company or its other Subsidiaries.

  • Intercompany Receivables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are receivable by Seller or any of its Affiliates (other than the Company or its Subsidiaries) from the Bank, the Company or its other Subsidiaries.

  • Intercompany Loan shall have the meaning provided in Section 8.05(g).

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Subordinated Intercompany Debt shall have the meaning assigned to such term in Section 6.01(e).

  • Intercompany Interest means an Interest in a Debtor held by another Debtor.

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).

  • Consolidated Scheduled Funded Debt Payments means for any period for the Borrower and its Subsidiaries on a consolidated basis, the sum of all scheduled payments of principal on Consolidated Funded Indebtedness, as determined in accordance with GAAP. For purposes of this definition, “scheduled payments of principal” (a) shall be determined without giving effect to any reduction of such scheduled payments resulting from the application of any voluntary or mandatory prepayments made during the applicable period, (b) shall be deemed to include the Attributable Indebtedness in respect of Capital Leases, Securitization Transactions and Synthetic Leases and (c) shall not include any voluntary prepayments or mandatory prepayments required pursuant to Section 2.05.

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including payments due on Capital Leases and mortgaged real properties (including any Mortgaged Properties) during the applicable period ending on the date of determination).

  • Intercompany Interests means an Interest in a Debtor held by another Debtor and, for the avoidance of doubt, excludes the Existing Equity Interests.

  • Permitted Intercompany Investments means Investments made by (a) a Loan Party to or in another Loan Party, (b) a Subsidiary that is not a Loan Party to or in another Subsidiary that is not a Loan Party and (c) a Subsidiary that is not a Loan Party to or in a Loan Party, so long as, in the case of a loan or advance made pursuant to this clause (c), the parties thereto are party to the Intercompany Subordination Agreement.

  • Payoff Amount means with respect to a Receivable as of the close of business on the last day of a Collection Period, the remaining principal balance of such Receivable, plus accrued but unpaid interest thereon, and related fees.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Funded Debt means all Indebtedness of the Borrower and the Restricted Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures within one year from such date that is renewable or extendable, at the option of such Person, to a date more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date, including Indebtedness in respect of the Loans.

  • Upper payment limit means the maximum ceiling imposed by

  • Intercompany Obligations as defined in the Guarantee and Collateral Agreement.

  • Cash Amount means an amount of cash equal to the product of (i) the Value of a REIT Share and (ii) the REIT Shares Amount determined as of the applicable Valuation Date.

  • Deferred Intercompany Transaction has the meaning set forth in Treas. Reg. Section 1.1502-13.

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • Total Funded Indebtedness means, at any date, the aggregate principal amount of all Funded Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Intercompany Note means a promissory note substantially in the form of Exhibit I.

  • Total Funded Debt means all Funded Debt of the Borrower and its Consolidated Subsidiaries, on a consolidated basis, as determined in accordance with GAAP.

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Closing Cash Amount shall have the meaning set forth in Section 2.8(b).