Inter-Company Clause Samples
The Inter-Company clause defines the terms and conditions governing transactions or arrangements between affiliated companies within the same corporate group. It typically outlines how goods, services, or funds are exchanged, sets pricing or transfer pricing rules, and may address dispute resolution or compliance with regulatory requirements. This clause ensures that inter-company dealings are conducted transparently and in accordance with legal and tax obligations, thereby reducing the risk of regulatory penalties and internal misunderstandings.
Inter-Company. Trading Debt means all amounts owed, outstanding or accrued in the ordinary course of trading, including any VAT arising on such amounts, as between any Target Company
Inter-Company. DEBT All indebtedness of the Seller, or any Affiliate of the Seller to the Purchased Business;
Inter-Company. Loans (i) which are fully subordinated to the payment and performance of all Obligations, (ii) which are unsecured, and (iii) with respect to which (x) Agent and the obligee have entered into a written Subordination Agreement; and (y) Required Lenders' prior written consent has been obtained, which consent may be withheld, granted or granted conditionally subject to such protective and other conditions as Required Lenders may require in their sole and absolute discretion;
Inter-Company. Agreements The Parties agree that only the Inter-Company Agreements, as listed in Exhibit 12.4 shall survive after Closing (this Clause and Exhibit 12.4 do not refer to purchase orders).
Inter-Company. Trading Payables means all amounts owed, outstanding or accrued in the ordinary course of trading, including any VAT, by a Target Company to a member of the Seller Group that is not recoverable by the debtor or a member of its VAT group arising on the supply for which such amounts are consideration, as between (i) any member of the Seller Group and any Target Company or (ii) a Business and any other business unit of the relevant Business Seller (in the case of (ii), only to the extent that the relevant amount relates to the Business of the relevant Business Seller) as at the Closing Time in respect of inter-company trading activity and the provision of services, facilities and benefits between them; for the avoidance of doubt, Inter-Company Trading Debt:
Inter-Company. Claims all debts and liabilities of each Group Member to any other Group Member on any account and in any capacity, irrespective of whether the debts and liabilities: 1 are present or future; 2 are actual, prospective, contingent or otherwise; 3 are at any time ascertained or unascertained; 4 are owed or incurred by or on account of a Group Member alone severally or jointly with another person; 5 are owed to or incurred for the account of a Group Member alone, or severally or jointly with another person; 6 are owed to another person as agent (whether disclosed or not) for or on behalf of a Group Member; 7 are owed or incurred as principal, interest, fees, charges, taxes, duties or other imposts, damages (whether for breach of contract or tort or incurred on another ground), losses, costs or expenses, or on any other account; 8 are owed to or incurred for the account of a Group Member before or after the date of this agreement; or 9 comprise a combination of the above.
Inter-Company. Trading Debt means all amounts owed, outstanding or accrued in the ordinary course of trading, including any VAT arising on such amounts, as between (i) any member of the Sellers’ Group and any Target Company or (ii) if such Target Company is the UK Company, as between such Target Company and any Target Company that is an Irish Company, or, if such Target Company is an Irish Company, as between such Target Company and the UK Company, on the Closing date in respect of inter-company trading activity and the provision of services, facilities and benefits between them; for the avoidance of doubt, Inter-Company Trading Debt:
Inter-Company. Transfer The Company may, as required, assign an employee to carry out similar work for and or on behalf of any of the sister companies with continuous service and benefits from previous Company. .
Inter-Company. Trading Debt means all amounts owed, outstanding or accrued in the ordinary course of trading, including any VAT or sales tax arising on such amounts, as between (i) any member of the Seller Group and any Target Company or (ii) the Business and any other business unit of the Business Seller or (iii) the Business Seller and any member of the Seller Group (in the case of (ii) and (iii), only to the extent that the relevant amount relates to the Business of the Business Seller) as at Closing in respect of inter-company trading activity and the provision of services, facilities and benefits between them; for the avoidance of doubt, Inter-Company Trading Debt:
Inter-Company. Relationships (a) Without prejudice to the transactions to be implemented in connection with the UK Pension Reorganization, the Buyer shall procure that at Closing each Sellers’ Retained Group Company identified on Exhibit 10.4 is released in full from the Third Party Guarantee(s) identified on Exhibit 10.4 and given by it in respect of obligations of AOAG (including obligations of New AOAG transferred to it as a result of the AOAG Contribution), or any of the Target Group Companies as set forth therein. With respect to any of the Sellers’ Retained Group Companies which are not released in full from such Third Party Guarantee(s) on Closing, a Buyer Designee to be agreed upon by the Buyer and General Motors shall enter into a back to back guarantee with any such Sellers’ Retained Group Companies in its capacity as guarantor.