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

• As among each Series of the Partnership and the Partnership generally, the Primary Obligor with respect to an Intercompany Obligation shall have the primary responsibility for administering and discharging such obligation and shall have primary liability to the creditors or other obligees associated with such obligation.

• The Managing General Partner of the Partnership generally shall designate each Intercompany Obligation as the primary obligation of the applicable Series (the “Primary Obligor”) with respect to which the Intercompany Obligation was incurred.

• Each holder of an Allowed Intercompany Obligation is conclusively presumed to have accepted the Plan and is not entitled to vote to accept or reject the Plan.

• For avoidance of doubt, to the extent not already extinguished or retired, the Repurchased Notes shall be considered an Intercompany Obligation extinguished, and null and void pursuant to this Plan.

• When the Termination and Release Agreement is executed and delivered at the Closing by all parties thereto, no Project Company shall be subject to any Intercompany Obligation and, subsequent to the Closing, no amounts will be due (i) to any Project Company from Seller or any Affiliate of Seller or (ii) to Seller or any Affiliate of Seller from any Project Company.

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 the account of the Company representing an obligation of the Company to pay the Seller the sum of (i) $37,803,814, plus (ii) the amount of any unreimbursed advances for payroll and employment benefits made by the Seller on behalf of the Company and its Subsidiaries, plus (iii) an amount equal to 45% of the Company’s and its Subsidiaries consolidated pre-tax income with respect to which a dividend has not been paid by the Company to the Seller, in each of case (ii) and (iii), for any period prior to the Closing Date.

Intercompany Obligation is defined in Section 5.9.

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.