Examples of Intercompany Balances in a sentence
Where representative of a liability, Intercompany Balances, Settlements and Notes, which are payable in the ordinary course, have been consolidated as an “Intercompany Payable” on Schedule F.
The “Intercompany Receivables” listed on Schedule B(16) have been split out into three components: Intercompany Balances, Intercompany Settlements and Intercompany Notes.
Intercompany Balances represent manually recorded intercompany payables and receivables.
The Parties acknowledge and agree that all of the Intercompany Balances as of five (5) Business Days prior to the date hereof have been repaid, settled or otherwise eliminated by means of cash payments, a dividend, capital contribution, a combination of the foregoing or otherwise, as determined by Covidien.
All Intercompany Balances outstanding as of the date hereof shall, as promptly as practicable after the Effective Time, be repaid, settled or otherwise eliminated by means of cash payments, a dividend, capital contribution, a combination of the foregoing or otherwise, as determined by Covidien.