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.
Intercompany Balance has the meaning set forth in Section 3.1(c) of the Purchase Agreement.
Examples of Intercompany Balance in a sentence
Any such outstanding deferred Purchase Price or outstanding loan is referred to below as an "Intercompany Balance".
Any disputes arising from the adjustments required by the eCommerce Balance Sheet and the Change in Aggregate Intercompany Balance shall be resolved in accordance with Section 15.02 hereof.
The regular expressions are written in terms of lexical parts of speech, phrasal tags and specific words.
As used herein, "DVD Intercompany Balance" means the net intercompany account receivable owed by Slots to DVD as of the Effective Time.
The Intercompany Balance shall be settled in full as of the Change of Control Date.
More Definitions of Intercompany Balance
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 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:
(i) all cash transferred from Quest to Team, where such transfer does not represent a payment for services rendered by Team to Quest; plus
(ii) all payments and accruals made by Quest to a third party (who is not a Party hereto) in order to reduce a liability of Team or to increase an asset of Team not related to Quest, and where such payment does not represent a payment for services rendered by Team to Quest; minus
(iii) all cash transferred from Team to Quest, where such transfer does not represent a payment for services rendered by Quest to Team; minus
(iv) all payments and accruals made by Team to a third party (who is not a Party hereto) in order to reduce a liability of Quest (including any payments made by Team to Green Bank, N.A. in order to reduce the outstanding borrowings of Quest from Green Bank, N.A.) or to increase an asset of Quest, and where such payment does not represent a payment for services rendered by Quest to Team; minus
(v) all cost allocations for services directly related to Quest activities; minus
(vi) the Working Capital Adjustment, if any.
(vii) The payments contemplated in (i) through (vi) above are meant to include any manner of payment, whether they are characterized as debt, distributions, dividends, or otherwise.
Intercompany Balance means (a) a payable by any Acquired Company or Subsidiary in favor of the Sellers or any of their Affiliates (excluding the Acquired Companies or Subsidiaries) and (b) a receivable held by any Acquired Company or Subsidiary due from the Sellers or any of their Affiliates (excluding the Acquired Companies or Subsidiaries);
Intercompany Balance means (i) with respect to the Acquired Companies, the aggregate amount of indebtedness or other amounts owed by any of the Acquired Companies to Seller or any of its Affiliates (other than the Acquired Companies) and (ii) with respect to Seller and its Affiliates (other than the Acquired Companies), the sum of the aggregate amount of indebtedness or other amounts owed by Seller or any of its Affiliates (other than the Acquired Companies) to any of the Acquired Companies.
Intercompany Balance has the meaning specified in the SRLP Purchase Agreement.
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: