Intercompany Payments definition

Intercompany Payments means, collectively, the fixed amounts payable by Seller and Holdco pursuant to Sections 4.02(a) and 4.03(b) hereof.

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Intercompany Payments means, with respect to a Subsidiary Guarantor, all amounts transferred by such Subsidiary Guarantor pursuant to Section 5.4 hereof to the Borrower whether constituting repayment of Intercompany Loans by the Borrower to such Subsidiary Guarantor, payment in connection with the Subsidiary Guaranty of such Subsidiary Guarantor or payment of consolidated tax liabilities attributable to the income of such Subsidiary Guarantor.

Intercompany Payments means payments in respect of (i) cash payments among MAG and its Restricted Subsidiaries pursuant to capital contributions, intercompany notes and intercompany accounts payable/ receivable to fund the cash needs of such Restricted Subsidiaries, including to fund the payment of debt service, operating expenses, collateral requirements and working capital of our Restricted Subsidiaries, (ii) pursuant to that certain capital contribution agreement dated December 19th, 2000, between us and MIRMA (which we refer to as the “Contribution Agreement”), and (iii) pursuant to certain intercompany services contracts.

Examples of Intercompany Payments in a sentence

The books, accounts and records of each party shall be maintained so as to clearly and accurately disclose the precise details of the Intercompany Payments.
The Intercompany Payments shall be paid from IIM’s own resources, or those of its subsidiaries, and therefore shall not result in any increase in the expenses borne by the Funds or their shareholders.
Intercompany Payments will be calculated and paid as hereinabove provided, and ILIAC shall account for such Intercompany Payments in conformity with customary insurance accounting practices.
The Intercompany Payments shall be paid from DSL’s own resources and therefore shall not result in any increase in the expenses borne by the Funds or their shareholders.
Intercompany Payments will be calculated and paid as hereinabove provided, and RLIC shall account for such Intercompany Payments in conformity with customary insurance accounting practices.
Intercompany Payments will be calculated and paid as hereinabove provided, and USA shall account for such Intercompany Payments in conformity with customary insurance accounting practices.
IIM and/or its subsidiaries shall keep such books, records and accounts insofar as they pertain to the computation of the Intercompany Payments available upon reasonable notice for audit, inspection and copying by ILIAC and persons authorized by it or any governmental agency having jurisdiction over ILIAC during all reasonable business hours.
IIM and/or its subsidiaries shall keep such books, records and accounts insofar as they pertain to the computation of the Intercompany Payments available upon reasonable notice for audit, inspection and copying by USA and persons authorized by it or any governmental agency having jurisdiction over USA during all reasonable business hours.
Intercompany Payments will be calculated and paid as hereinabove provided, and SLD shall account for such Intercompany Payments in conformity with customary insurance accounting practices.
DSL shall keep such books, records and accounts insofar as they pertain to the computation of the Intercompany Payments available upon reasonable notice for audit, inspection and copying by USA and persons authorized by it or any governmental agency having jurisdiction over USA during all reasonable business hours.

More Definitions of Intercompany Payments

Intercompany Payments means any and all advances, distributions, fees, dividends, interest or principal payments on Indebtedness existing between, or any other payments or distributions by, any Seller PMPA Entity and any other Seller Group Entity, whether under any Intercompany Agreement or otherwise.