Intercompany Payment definition

Intercompany Payment has the meaning set forth in Section 1.1 hereof.
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Intercompany Payment has the meaning ascribed to such term in the Xxxxxx Merger Agreement.
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Intercompany Payment funds received by the Borrower from its Restricted Subsidiaries in the form of (a) repayments of intercompany loans previously made by the Borrower to such Restricted Subsidiaries and (b) to the extent permitted by the Senior Subordinated Note Indenture, dividends and distributions.
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Examples of Intercompany Payment in a sentence

  • Medco shall enter into the Credit Facility in form and substance acceptable to Merck and shall borrow at least the amount necessary so that, together with the proceeds from the Notes Offering and the Intercompany Payment, Medco will have sufficient funds to pay the Merck Dividend.

  • Intercompany Payment" has the meaning set forth in Section 1.1 hereof.

  • On or prior to the Effective Date, Sybron shall pay to SDM, or subsidiaries of SDM, as appropriate, the amount necessary to settle all intercompany loans and advances made to Sybron by SDM or its subsidiaries (the "Intercompany Payment").

  • No interest in respect of the Debt comprising the Intercompany Payment Amount shall be accrued and unpaid at the Effective Time.

  • On or prior to the Effective Date, SDM shall pay to Sybron an amount equal to the Intercompany Payment plus the difference between Three Hundred Seventy Five Million Dollars ($375,000,000) and the actual allocation of Sybron bank debt to SDM as of the Effective Date.

  • Xxxxxx and Raytheon shall cooperate in connection with Xxxxxx' negotiation of the terms and conditions relating to the Debt comprising the Intercompany Payment Amount, and Xxxxxx shall not commit to incur such Debt without obtaining the consent of Raytheon to such terms and conditions, which consent shall not be unreasonably withheld or delayed.

  • Section 3.03(c) of the Financing Agreement is hereby amended by adding the following proviso at the end thereof: ,provided, further that the proceeds of the Intercompany Payment and the 2001 Subordinated Debt (as such terms are defined in the First Amendment), received by the Borrower during the Fiscal Year ending in June 2001 shall be excluded from the calculation of Surplus Cash for such Fiscal Year.

  • The "Intercompany Payment Amount" will be equal to $9,500,000,000 ($9.5 billion) minus the "Class A Common Stock Amount" (as defined below) and minus all other Debt of Xxxxxx which is outstanding as of the Effective Time.

  • All amounts payable by Merck to Medco and by Medco to Merck arising from transactions that occurred prior to the Distribution not appropriately reflected in the Intercompany Payment shall be settled after the Distribution Date in accordance with the timeframe in which the payor customarily settles such payables but not to exceed 60 days (unless otherwise provided in an agreement between Merck and Medco).

  • As of or prior to the Effective Time, Hughes shall incur indebtedness for borrowed money (the princixxx xxount of which is referred to as "Debt") in an amount equal to the Intercompany Payment Amount (as defined below) for the purpose of funding payments to one or more Affiliates of Hughes (which may include, without limitation, payments with xxxxxxt to existing debt, dividends, distributions and/or contributions to capital) as of or prior to the Effective Time (collectively the "Intercompany Payment").


More Definitions of Intercompany Payment

Intercompany Payment has the meaning given in Clause 5.1.2. (mm) Термин «Внутригрупповой платеж» имеет значение, указанное в Статье 5.1.2. (nn) “ Interim Order ” means an interim order of the Canadian Court, in a form acceptable to Centerra, KR and Kyrgyzaltyn, acting reasonably (as such order may be amended by the Canadian Court with the consent of Centerra and, solely to the extent the amendment is adverse in any material respect to the interests of the KR or Kyrgyzaltyn pursuant to this Agreement, the KR and Kyrgyzaltyn, acting reasonably) providing for declarations and directions with respect to the Plan of Arrangement and the holding of the Centerra Meeting . (nn) Термин «Временное распоряжение» означает временное распоряжение Канадского суда, составленное по форме, приемлемой для компании «Центерра», КР, и«Кыргызалтын» действующих обоснованно (при этом такое распоряжение может быть изменено Канадским судом с согласия компании «Центерра», и, исключительно в случае, когда изменение в каком - либо существенном отношении неблагоприятно сказывается на интересах КР или компании «Кыргызалтын» в соответствии с настоящим Соглашением, с согласия КР и «Кыргызалтын», действующих обоснованно), в котором приводятся заявления и указания относительно Плана реорганизации и проведения Собрания компании «Центерра» . (oo) [Redacted - bank account information.] (oo) [Redacted - bank account information.]
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Related to Intercompany Payment

  • Intercompany Payables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are payable by Seller or any of its Affiliates (other than the Bank or the Transferred Subsidiaries) to the Bank or the Transferred Subsidiaries.

  • Intercompany Debt has the meaning specified in Section 7.02.

  • Intercompany Loan shall have the meaning provided in Section 8.05(g).

  • Intercompany Indebtedness means Indebtedness of Company or any of its Subsidiaries which is owing to Company or any of its Subsidiaries.

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination).

  • Subordinated Intercompany Debt shall have the meaning assigned to such term in Section 6.01(e).

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).

  • Intercompany Obligations as defined in the Guarantee and Collateral Agreement.

  • Debt Payments means for any period, in each case, all cash actually expended by any Borrower to make: (a) interest payments on any Advances hereunder, plus (b) scheduled principal payments on the Equipment Loans plus (c) scheduled principal payments on the Term Loans plus (d) payments for all fees, commissions and charges set forth herein, plus (e) payments on Capitalized Lease Obligations, plus (f) payments with respect to any other Indebtedness for borrowed money.

  • Intercompany Receivables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are receivable by Seller or any of its Affiliates (other than the Bank or the Transferred Subsidiaries) from the Bank or the Transferred Subsidiaries.

  • Intercompany Note means a promissory note substantially in the form of Exhibit I.

  • Restricted Debt Payments has the meaning set forth in Section 6.04(b).

  • Consolidated Scheduled Funded Debt Payments means, as of any date for the applicable period ending on such date with respect to the Borrower Parties on a consolidated basis, the sum of all scheduled payments of principal on Consolidated Funded Indebtedness made during such period (including the implied principal component of payments made on Capitalized Leases during such period) as determined in accordance with GAAP.

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party, (b) a Subsidiary of a Borrower that is not a Loan Party to another Subsidiary of a Borrower that is not a Loan Party and (c) a Subsidiary of a Borrower that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

  • Uncollected Interest With respect to any Distribution Date for any Mortgage Loan on which a Payoff was made by a Mortgagor during the related Payoff Period, except for Payoffs received during the period from the first through the 14th day of the month of such Distribution Date, an amount equal to one month’s interest at the applicable Pass-Through Rate on such Mortgage Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff.

  • Closing Date Indebtedness means the aggregate amount of Indebtedness of the Company as of immediately prior to the Closing.

  • Permitted Intercompany Investments means Investments made by (a) a Loan Party to or in another Loan Party, (b) a Subsidiary that is not a Loan Party to or in another Subsidiary that is not a Loan Party and (c) a Subsidiary that is not a Loan Party to or in a Loan Party, so long as, in the case of a loan or advance made pursuant to this clause (c), the parties thereto are party to the Intercompany Subordination Agreement.

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • Assumed Scheduled Payment means: (i) with respect to any Balloon Mortgage Loan as to which advancing is required hereunder for its Maturity Date (provided that such Balloon Mortgage Loan has not been paid in full, and no Final Recovery Determination or other sale or liquidation has occurred in respect thereof, on or before the end of the Collection Period in which such Maturity Date occurs) and for any subsequent Due Date therefor as of which such Balloon Mortgage Loan remains outstanding and part of the Trust, if no Scheduled Payment (other than the related delinquent Balloon Payment) is due for such Due Date, the scheduled monthly payment of principal and/or interest deemed to be due in respect thereof on such Due Date equal to the Scheduled Payment that would have been due in respect of such Balloon Mortgage Loan on such Due Date, if it had been required to continue to accrue interest in accordance with its terms, and to pay principal in accordance with the amortization schedule in effect immediately prior to, and without regard to the occurrence of, its most recent Maturity Date (as such may have been extended in connection with a bankruptcy or similar proceeding involving the related Mortgagor or a modification, waiver or amendment of such Balloon Mortgage Loan granted or agreed to by the Master Servicer or the Special Servicer pursuant to the terms hereof), and (ii) with respect to any REO Mortgage Loan for any Due Date therefor as of which the related REO Property or an interest therein remains part of the Trust, the scheduled monthly payment of principal and interest deemed to be due in respect thereof on such Due Date equal to the Scheduled Payment (or, in the case of a Balloon Mortgage Loan described in clause (i) of this definition, the Assumed Scheduled Payment) that was due in respect of the related Mortgage Loan on the last Due Date prior to its becoming an REO Mortgage Loan. The amount of the Assumed Scheduled Payment for any A Note shall be calculated solely by reference to the terms of such A Note (as modified in connection with any bankruptcy or similar proceeding involving the related Mortgagor or pursuant to a modification, waiver or amendment of such Mortgage Loan granted or agreed to by the Master Servicer or the Special Servicer pursuant to the terms hereof) and without regard to the remittance provisions of the related Intercreditor Agreement.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Subordinated Intercompany Note means the Intercompany Subordinated Note, dated as of the Agreement Date, by and among Holdings, the Borrower and each Restricted Subsidiary of Holdings from time to time party thereto.

  • Intercompany Advance Agreement The Intercompany Advance Agreement, dated as September 11, 2009, between Ally Bank and Ally Auto, as amended, supplemented or modified from time to time.

  • Intercompany Interest means an Interest in a Debtor held by another Debtor.

  • Deferred Intercompany Transaction has the meaning set forth in Treas. Reg. Section 1.1502-13.