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 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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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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Examples of Intercompany Amount in a sentence

  • 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.

  • As of any date of determination, the amount which is identified as the "Specified Intercompany Amount" on line item 2(h) of the Borrower's Borrowing Base Report most recently delivered to the Agent.

  • The net amount corresponding to the difference between the above receivables and payables is referred to herein as 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.

  • In addition, on Completion, Elex shall (i) pay the Net Intercompany Amount to SN NV towards repayment of the Loan Receivable, and (ii) procure that SN NV shall pay the Net Intercompany Amount to creditors under the Financing Agreements towards repayment of the Indebtedness under the Financing Agreements.

  • A statement (the "Statement") prepared by CSI setting forth the calculation of --------- the Initial Intercompany Amount shall accompany the June 3 Balance Sheet.

  • The Intercompany Amount as of August 31, 2002 amounts to Euro 1,409,122 (one million four hundred and nine thousands and one hundred and twenty two).

  • If the Estimated Intercompany Amount exceeds the Net Settlement Amount, then the Seller shall pay such difference to the Purchaser at the time of the payment referred to in Section 1.4(g) with interest on such difference calculated in accordance with Section 1.4(g).

  • In addition, at closing the Buyer shall purchase, or shall cause the Company to pay, that certain payable resulting from an intercompany tax sharing agreement owing from the Company to Seller in the amount of $130,000 (the "Intercompany Amount").

  • 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 shall have the meaning ascribed to it in Clause 3.2.2.
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Intercompany Amount is defined in Section 2.3 of this Agreement.
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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 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 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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Related to Intercompany Amount

  • Intercompany Debt has the meaning specified in Section 7.02.

  • 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 Parent or any of its Subsidiaries (other than the Bank or its Subsidiaries) to the Bank or its 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 Parent or any of its Subsidiaries (other than the Bank or its Subsidiaries) from the Bank or its Subsidiaries.

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

  • Intercompany Indebtedness means Indebtedness of Company or any of their respective Subsidiaries which is owing to any member of such group.

  • 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, as of any date for the applicable period ending on such date with respect to the Borrower Parties on a consolidated basis, the sum of all scheduled payments of principal on Consolidated Funded Indebtedness made during such period (including the implied principal component of payments made on Capitalized Leases during such period) as determined in accordance with GAAP.

  • 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 the principal component of payments due on Capital Leases 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, (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, the parties thereto are party to the Intercompany Subordination Agreement, and (d) a Loan Party to or in a Subsidiary that is not a Loan Party so long as (i) the aggregate amount of all such Investments made by the Loan Parties to or in Subsidiaries that are not Loan Parties does not exceed $1,000,000 at any time outstanding, (ii) no Default or Event of Default has occurred and is continuing either before or after giving effect to such Investment, and (iii) the Borrowers have Excess Availability plus Qualified Cash of not less than $10,000,000 after giving effect to such Investment.

  • 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 Parent Borrower and its 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.

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

  • Cash Amount means an amount of cash per Partnership Unit equal to the value of one share of Common Stock as determined under the applicable Exchange Rights Agreement on the Valuation Date of the Common Stock Amount.

  • 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, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

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

  • Intercompany Note any promissory note evidencing loans made by any Grantor to Holdings or any of its Subsidiaries.

  • 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 Company described in the definition of “Contribution Indebtedness.”

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

  • Consolidated Senior Funded Debt means at any date the sum of: (i) Consolidated Funded Debt, minus (ii) the Subordinated Debt.