Intercompany Obligation definition

Intercompany Obligation means any liability or obligation, contingent or otherwise, of one or more Loan Parties to one or more other Loan Parties, whether in respect of an Intercompany Loan or an Intercompany Guarantee, or in respect of property or other goods sold or delivered or for services rendered, or under a conditional sale or other title retention agreement, and, in each case, whether or not evidenced by an Intercompany Note.

Intercompany Obligation means any loan, note, advance, receivable or payable between Seller or any of its Affiliates (other than the Transferred Companies), on the one hand, and any of the Transferred Companies, on the other hand.

Intercompany Obligation means all amounts due to or from Debtor or Software International on the one hand and any of the Subsidiaries on the other hand arising on or before the Effective Date other than those addressed in the Sale Documents or the Sale Order.

Examples of Intercompany Obligation in a sentence

• First, if a transaction actually involves an Intercompany Obligation, there is a direct realization and no need for the “indirect” clause.

• Comparison of the Intercompany Obligation Rules Under Former Treas.

• For example, if a transaction involves a member obligation that is held by a person or entity that is not a member of the group, § 1.1502- 13(g) has no application at all because the obligation is not an Intercompany Obligation.

• Accordingly, for Federal income tax purposes, the sale of the Benefits preferred stock is treated as follows: under § 1.1502-13(g)(3)(ii), Sub2 is treated as having satisfied its Intercompany Obligation for $c immediately before Parent’s sale of the Benefits voting preferred stock.

• In fact, the only apparent accomplishments were the creation of high basis, low value stock and the sale of that stock in a transaction expected to escape characterization as a transaction with respect to an Intercompany Obligation.

More Definitions of Intercompany Obligation

Intercompany Obligation means any obligation, fixed or contingent, of the Seller or the Shareholders to any officer, director, shareholder or Affiliate of any of the Seller or the Shareholders or of such officer, director, shareholder or Affiliate to any of the Seller or the Shareholders, including without limitation any Debt Obligation owed to or with any such Person.

Intercompany Obligation means a non-interest bearing obligation by Borrower to pay a principal amount equal to the estimated Distributable Loan Proceeds.

Intercompany Obligation means any Contract between any Project Company and, without giving effect to the Closing, any Affiliate of a Project Company (other than another Project Company), including in respect of income taxes and any indebtedness between any Project Company and any Affiliate of a Project Company (other than another Project Company).

Intercompany Obligation means any obligation, which may be reflected as an accounting entry, including a Claim, right to receive a (or an entry reflecting a prior) capital contribution, or right to receive a (or an entry reflecting a prior) dividend, held by any Debtor or non-Debtor Affiliate against any Plan Debtor arising prior to the Commencement Date.

Intercompany Obligation means any payable, receivable, indebtedness, other obligation, or Contract (whether evidenced by writing or documented only by book entry) requiring or evidencing the right to receive a payment (or payments) or the obligation to make a payment (or payments) (including any factoring arrangements) between (i) Seller and any Purchased Subsidiary (or Purchased Subsidiaries), (ii) any Subsidiary of Seller (other than a Purchased Subsidiary) and any Purchased Subsidiary (or Purchased Subsidiaries), (iii) any other Subsidiary of Seller (other than a Purchased Subsidiary) and Seller or (iv) any Purchased Subsidiary and any other Purchased Subsidiary (or Purchased Subsidiaries).

Intercompany Obligation means any obligation between any Target Entity and any other Affiliate of Xxxxxx (that is not a Target Entity).

Intercompany Obligation means the aggregate amounts payable to Seller or any Affiliates by the Company and or the Company's Subsidiaries as of the Closing Date, excluding (i) post-Closing obligations to Florida East Coast Railway, L.L.C. under blanket license agreements with the Company with respect to right-of-way crossings and under indefeasible rights of use agreements with the Company, and (ii) other post-Closing obligations to the Seller or its Affiliates expressly contemplated by this Agreement or any post-Closing transition services agreements.