Intercompany Balances definition

Intercompany Balances means the intercompany accounts receivable and accounts payable between any member of the Covidien Group, on the one hand, and any member of the Mallinckrodt Group, on the other hand.

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Intercompany Balances means the intercompany ordinary course trade accounts receivable and accounts payable between any member of the Pentair Group, on the one hand, and any member of the nVent Group, on the other hand.

Intercompany Balances means as of any date, all balances as of such date between Sapphire or any Retained Entity, on the one hand, and the Transferred Entities, on the other hand, including intercompany accounts receivable and intercompany accounts payable. For purposes of this Agreement the definition of “Intercompany Balances” shall exclude all balances arising from or related to Intercompany Trade Balances and UK Loan Notes.

Examples of Intercompany Balances in a sentence

• The Purchaser and Seller will then determine the arithmetic mean of the Intercompany Balances on that and the immediately preceding Distribution Date (or on such Distribution Date and the Effective Date, in the case of the first Distribution Date), treating any deferred Purchase Price as a positive number and any loan as a negative number for purposes of this calculation.

• Each Obligor agrees that it shall not make or permit to exist any loans, intercompany accounts or investments between itself and any Company, other present or future Obligor or other present or future Subsidiary of Parent which do not qualify as Permitted Intercompany Balances.

• On or prior to the Closing Date, Seller shall cause the Company to settle all Intercompany Balances, on terms and conditions that are reasonably satisfactory to Buyer.

• All Intercompany Agreements shall be terminated on or before the Closing Date, and all Intercompany Balances shall be settled on or before the Closing Date.

• At least two (2) Business Days prior to the Closing, the Seller shall prepare and deliver to the Purchaser a certificate signed by the chief executive officer of the Seller setting out the calculation of all such Intercompany Balances based upon the latest available financial information as of such date.

More Definitions of Intercompany Balances

Intercompany Balances means any receivables, payables, notes receivable or payable, indebtedness, accruals or other assets and liabilities recognized on the consolidated financial statements of the Acquired Companies and Related Consolidated Entities in accordance with the Accounting Principles as being due from or owed to the Acquired Companies and Related Consolidated Entities, on the one hand, and Seller and its Affiliates (other than the Acquired Companies and Related Consolidated Entities), on the other hand.

Intercompany Balances shall have the meaning specified in Section 5.16.

Intercompany Balances means as of any date, all balances as of such date between Seller or any of its Subsidiaries (other than the Transferred Entities or the JV Entities), on the one hand, and the Transferred Entities or the JV Entities, on the other hand, including intercompany accounts receivable and intercompany accounts payable.

Intercompany Balances means, as of any date, all balances as of such date between Seller and the Non-Company Affiliates, on the one hand, and the Company and the Company Subsidiaries, on the other hand, including intercompany accounts receivable and intercompany accounts payable.

Intercompany Balances means the intercompany accounts receivable and accounts payable between any member of the Emergent Group, on the one hand, and any member of the Aptevo Group, on the other hand.

Intercompany Balances means all accounts receivable and accounts payable between (i) Viacom or a member of the CBS Group, on the one hand, and (ii) a member of the New Viacom Group, on the other hand.

Intercompany Balances means the intercompany accounts receivable, accounts payable, loans and corporate cross-charges (other than current intercompany accounts receivables and accounts payable arising out of the ordinary course of business or any balances outstanding under any Continuing Arrangement), including the interest accrued thereon as of the date hereof, between any member of the DPS Group, on the one hand, and any member of the Cadbury plc Group, on the other hand, set forth in Schedule 1.01(p).