Intercompany Settlement definition
Examples of Intercompany Settlement in a sentence
PAYMENT TERMS: Intercompany Settlement BILLING SYSTEMS USED: Manual Production, & Avanti Invoicing.
Holdings represents that, to the best of its knowledge, the maximum amount that Holdings has been or will be required to invest under the Existing UK Support Letter during the period from October 24, 2007 to October 24, 2008, will not exceed $6,000,000 in the aggregate, of which no more than $2,000,000 will consist of Intercompany Cash Loans and the balance will consist of Intercompany Settlement Loans.
This Intercompany Sales Agreement, together with the Intercompany Settlement Agreement and the exhibits thereto, constitutes the entire agreement of the Parties with respect to the subject matter contained herein, and supersedes all prior and contemporaneous understandings and agreements, both written and oral, with respect to such subject matter.
For further details regarding the economics of the Intercompany Settlement, see the Intercompany Term Sheet attached to the Plan as Exhibit C.
On a Business Day within five Business Days after the Effective Date designated by LBHI (the “Closing Date”), the Parties shall consummate the Settlement and the Intercompany Settlement by the delivery as contemplated by Sections 2 and 3 of immediately available funds, appropriate instruments of transfer and appropriate releases and shall consummate the other transactions contemplated by this Agreement.
Immediately following the Intercompany Settlement, AGA-USA shall contribute all the GCGC Interests to Seller in consideration for one share of common stock of Seller, and Seller shall subsequently contribute all the GCGC Interests to the Company in consideration for one Company Share (collectively, the “GCGC Transfer”).
Notwithstanding the foregoing, as part of the Intercompany Settlement described in Section 8.32 below, ABI shall make the services of Roger Marcus, Richard Marcus and Howard Feist, III available to Reorg▇▇▇▇▇▇ ▇▇▇▇▇le▇▇ ▇▇▇ ▇▇▇ ▇▇▇rs af▇▇▇ ▇▇▇ ▇▇▇▇ctive Date in consideration of a base annual fee of $750,000 and an annual incentive fee.
The effectiveness of this Intercompany Settlement Agreement and the obligations of the Parties are conditioned upon entry of (a) an order, substantially in the form attached to the Debtors’ motion, dated July 6, 2015 [Docket No. 1998] (the “Approval Order”), approving, among other things, the Parties’ entry into the Intercompany Settlement Agreement.
Licensor and Licensee each desire to assume the Poly/DSS License Agreement, as amended by this First Amendment, subject to the terms and conditions in the Intercompany Settlement Agreement, including, without limitation, Licensee’s issuance of that certain Contingent Note, dated July 20, 2015 (the “Contingent Note”) (a copy of which is annexed to the Intercompany Settlement Agreement), to satisfy, among other things, the cure costs under the Poly/DSS License Agreement.
Anything to the contrary notwithstanding, the calculation of Net Working Capital shall not include the Intercompany Settlement Amount, any Excluded Assets or any Excluded Liabilities.