Intercompany Receivable definition

Intercompany Receivable means the affiliate receivable balance that has been recorded and adjusted over time and held by DH from Dynegy, and which has historically been classified within equity by DH, as described in Note 15 of DH’s consolidated financial statements for the period from November 8, 2011 through December 31, 2011 included in Dynegy’s Annual Report on Form 10-K filed with the Securities & Exchange Commission on March 8, 2012.

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Intercompany Receivable means the receivable on the balance sheet between Seller and the Company under the item entitled “Accounts receivable – Intercompany.”

Intercompany Receivable means any right to payment held by a Credit Party for goods sold or leased or for services rendered or loans or funds advanced to any of Borrower’s Subsidiaries, whether or not such right is evidenced by an Instrument or Chattel Paper and whether or not it has been earned by performance.

Examples of Intercompany Receivable in a sentence

• If Parent fails to respond to Buyer within such thirty (30) day period, Parent shall be deemed to have irrevocably accepted and agreed to the Closing Statement, including the calculation of Closing Working Capital, Closing Cash, Closing Indebtedness, and Closing Net Intercompany Receivable or Closing Net Intercompany Payable, as applicable, as set forth therein.

• Seller and Buyer acknowledge and agree that there is an intercompany account receivable (the “Intercompany Receivable”) that is owed to the Company by Seller, but that, immediately prior to the Closing Date, the Intercompany Receivable shall be canceled and Seller shall not be required to pay such account receivable to the Company, provided that Seller shall be responsible for any tax liability of Seller or the Company resulting from such nonpayment.

• If after delivery by Westar of a Purchase Notice notifying Western of Westar's election to purchase Convertible Preference Stock conversion of all or part of the Intercompany Receivable, a regulatory authority of competent jurisdiction prohibits Western from issuing Convertible Preference Stock, or any such regulatory authority conditions its approval on a change in the terms of such security, Westar may revoke its Purchase Notice with respect to such Convertible Preference Stock.

• All accounts receivable of the Company included in the Financial Statements (the “Accounts Receivable”) other than the Intercompany Receivable, represent sales actually made or services actually delivered in the ordinary course of business.

• At any time between the date hereof and the Cut Off Date, Westar may (a) pay cash to Western as provided in Section 3.2(a)(i) of the Merger Agreement for the purposes and subject to the limits provided therein and (b) convert any outstanding amount of the Intercompany Receivable as provided in Section 3.2(a)(ii) of the Merger Agreement.

More Definitions of Intercompany Receivable

Intercompany Receivable means the receivable evidencing the debt owed from Western to Westar, as such amount shall be adjusted from time to time pursuant to Section 3.02(a)(ii) of the Merger Agreement.

Intercompany Receivable means any receivables of a Project Company against any Related Party.

Intercompany Receivable means any account receivable, loan, note, balance, advance, payable, obligation in respect of a derivative or other amount owed to the Company or any Transferred Subsidiary by the Parent or any Affiliate of the Parent (other than the Company or any Transferred Subsidiary) (i) that is required to be settled, discharged, offset, paid, repaid in full, terminated, commuted or extinguished pursuant to Section 6.08(a) or Section 6.08(c), or (ii) that was reflected on the Reference Balance Sheet and has been settled, discharged, offset, paid, repaid in full, terminated, commuted or extinguished prior to the date hereof.

Intercompany Receivable shall have the meaning set forth in Section 4.1(j) hereof.

Intercompany Receivable means an account receivable of the Company or a Company Subsidiary owing and payable from either Seller or an Affiliate of Seller (other than the Company or a Company Subsidiary) or Buyer or an Affiliate of Buyer (other than the Company or a Company Subsidiary).

Intercompany Receivable means an amount owing (trade, non-trade, financial), including in respect of interest accrued on that amount, to a Group Company (excluding a Non-Consolidated JV) from Seller or a Seller’s Subsidiary.

Intercompany Receivable means a Receivable the Obligor of which is an Affiliate of the Borrower or any Originator.