Intercompany Balance definition

Intercompany Balance means for the period November 1, 2010 through May 31, 2015, a net accumulated receivable from Team to Quest (a positive number) or a net payable to Team from Quest (a negative number), denominated in U.S. dollars, equal to:

Intercompany Balance means any prepetition Claim of a Debtor against another Debtor, or any prepetition Claim held by a Non-Debtor Subsidiary against a Debtor, including any subrogation claims and fraudulent conveyance claims related to the forgiveness of intercompany debt, and any other subrogation claims owed by any Debtor to any other Debtor. For the avoidance of doubt, Intercompany Balances do not include any Claim that Ally may assert against a Debtor.

Intercompany Balance means the amount, as of the Distribution Date, by which the total of all amounts owed to Parent Group by Company Group, exceeds the total of all amounts owed by Parent Group to Company Group.

Examples of Intercompany Balance in a sentence

• Nothing in this Interim Order shall modify or impair the ability of any party in interest to contest how the Debtors account, including, without limitation, the validity or amount set forth in such accounting for any Intercompany Transaction or Intercompany Balance.

• The Debtors also expressly reserve any and all rights to contest the validity, priority, or status of any prepetition Intercompany Balance or any Intercompany Transaction from which such Intercompany Balance may have arisen is expressly reserved.

• For the avoidance of doubt, the relief requested herein with respect to the postpetition Intercompany Transactions and the Intercompany Balances resulting therefrom shall not constitute an admission of the Debtors or any other party as to the validity, priority, or status of any prepetition Intercompany Balance or the Intercompany Transaction(s) from which such Intercompany Balance may have arisen.

• Novation of the Inter-company Balance As at the Latest Practicable Date, Dah Hua was indebted to Dongguan Midas in the aggregate amount of approximately RMB47.0 million (equivalent to approximately HK$58.8 million).

• The unaudited total assets and net assets of Dongguan Midas (including the Inter-company Balance) based on its PRC accounts as at 31 December 2014 are approximately RMB69.4 million (equivalent to approximately HK$86.8 million) and approximately RMB65.2 million (equivalent to approximately HK$81.5 million) respectively.

More Definitions of Intercompany Balance

Intercompany Balance has the meaning set forth in Section 3.1(c) of the Purchase Agreement.

Intercompany Balance means, in the aggregate, any amounts due from any Foreign Subsidiaries that are not Canadian Loan Parties to a Loan Party (including the amount of any Annual Corporate Charge), net of any amounts due from a Loan Party to any Foreign Subsidiaries that are not Canadian Loan Parties.

Intercompany Balance means an amount which, as at 31 January 2023, was equal to US$1,789,431 and which may be increased or decreased prior to Completion, payable by NNACL to GAJL;

Intercompany Balance means the balance of amounts and other obligations due between the ATSI Entities and GlobalSCAPE as of the Effective Date in respect of the Loans, GlobalSCAPE provided Services, ATSI Entity provided Services, and any and all other matters.

Intercompany Balance means the amount of (Pounds)12,407,000 as defined in clause 11(1);

Intercompany Balance means the aggregate amount of all indebtedness owed at Completion by any member of the Target Group to any member of the Vendor’s Group, less the aggregate amount of all indebtedness owed by any member of the Vendor’s Group to any member of the Target Group, as such amount shall be notified by the Vendor to the Purchaser no later than two Business Days before Completion and which amount shall be a positive number not exceeding £10,000,000;

Intercompany Balance has the meaning specified in the SRLP Purchase Agreement.