Net Intercompany Debt definition

Net Intercompany Debt means the aggregate amount of indebtedness owed by the Post Parties to any of the Ralcorp Parties, net of the aggregate amount of indebtedness owed by the Ralcorp Parties to the Post Parties. For the avoidance of doubt, “Net Intercompany Debt” shall not include the Post Credit Facility or the Post Debt Securities.

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Net Intercompany Debt means (i) all intercompany liabilities of the Business to Seller in the Intercompany Account less (ii) the sum of all intercompany receivables due to the Business from Seller in the Intercompany Account.

Net Intercompany Debt means the aggregate amount of debt owed by the Marathon Petroleum Parties to PFD and any of the other Marathon Oil Parties, net of the aggregate amount of debt owed by the Marathon Oil Parties to the Marathon Petroleum Parties.

Examples of Net Intercompany Debt in a sentence

• If, as of the Closing Date, the Net Intercompany Debt shall consist of a net indebtedness of Cyprus and its Affiliates (other than Omolon and Magadan) to Magadan, Cyprus shall, prior to or simultaneously with the Closing, cause Magadan to cancel the obligations of Cyprus and its Affiliates (other than Omolon and Magadan) under such indebtedness.

• It is contemplated that there will be Net Intercompany Debt owing from the Vendor Group to the Target Group as at the Completion Date.

• If, as of the Closing Date, the Net Intercompany Debt in the Intercompany Account consists of a net indebtedness of Seller or its subsidiaries to the Company, Seller shall, prior to or simultaneously with the Closing, cause the Company to cancel or dividend such indebtedness to Seller or its subsidiaries, or, if not cancelled or dividended, will, prior to the Closing, cause the same to be settled or to be eliminated in some other manner reasonably acceptable to Buyer.

• If, as of the Closing Date, the Net Intercompany Debt (as defined below) shall consist of a net indebtedness of Mosb▇ ▇▇▇ its subsidiaries to Times Mirror or any of Times Mirror's affiliates other than Mosb▇, ▇▇mes Mirror shall, prior to or simultaneously with the Closing, contribute or cause to be contributed such Net Intercompany Debt to the equity of Mosb▇.

• As used herein, the term "Net Intercompany Debt" shall mean (i) all intercompany liabilities of the Company to Seller or its subsidiaries in the Intercompany Account less (ii) the sum of all intercompany receivables due to the Company from Seller or its subsidiaries in the Intercompany Account.

More Definitions of Net Intercompany Debt

Net Intercompany Debt means an amount, if positive, equal to (a) Intercompany Debt Accounts Payable, minus (b) Intercompany Debt Accounts Receivable.

Net Intercompany Debt shall have the meaning ascribed ---------------------- to it in Section 5.05.

Net Intercompany Debt refers to the net intercompany debts owing from the Vendor Group to the Target Group outstanding as at the Completion Date, which shall exclude any intercompany amount arising from the indemnity by SPTN in connection with the Settlement Agreement (as defined in the Asset Transfer Agreement) under the Asset Transfer Agreement.

Net Intercompany Debt means (a) all intercompany payables of Mosb▇ ▇▇ Times Mirror and its affiliates (other than trade payables incurred in the ordinary course of business consistent with 46 past practice and other than any intercompany payable of Mosb▇ ▇▇ The StayWell Company incurred in connection with the Transition Services Agreement described in Section 3.20(c)) less (b) the sum of all intercompany receivables due to Mosb▇ ▇▇▇m Times Mirror and its affiliates (other than trade receivables incurred in the ordinary course of business). For purposes of this Agreement, intercompany payables and intercompany receivables shall be deemed to include any obligations of Mosb▇ ▇▇ any of its subsidiaries to Times Mirror or any of its affiliates for Taxes for periods through the Closing Date.

Net Intercompany Debt refers to the net intercompany debts owing from the Vendor Group to the Target Group outstanding as at the Completion Date, which shall exclude any intercompany amount arising from the indemnity by SPTN in connection with the Settlement Agreement (as defined in the Asset Transfer Agreement) under the Asset Transfer Agreement. "Novation Agreement" means the novation agreement in relation to the Restructuring, the agreed form of which is set out in Schedule 9, to be entered between, amongst others, the Vendor and/or its Affiliates and the Target Group. "ODI Approval" means the outbound direct investment approval from the PRC National Development and Reform Commission or its local agency and/or from the PRC Ministry of Commerce or its local agency and/or from the PRC State Administration of Foreign Exchange or its local agency, required to be obtained by the Purchaser(s) for their purchase of the Sale Shares.

Net Intercompany Debt means the difference --------------------- between (i) all intercompany liabilities of ▇▇▇▇▇▇ ▇▇▇▇ to Seller or its Affiliates in the Intercompany Accounts and (ii) the sum of all intercompany receivables due to ▇▇▇▇▇▇ ▇▇▇▇ from Seller or its Affiliates in the Intercompany Accounts.

Net Intercompany Debt means the principal amount of, accrued and unpaid interest on, monies payable by the Target Companies or Target Subsidiaries to the Blagden Group, excluding non-financial inter-company creditors and non-financial inter-company debtors, minus principal amount of, accrued and unpaid interests on, monies receivable by the Target Companies or Target Subsidiaries from the Blagden Group;