Intercompany Balance definition

Intercompany Balance means any prepetition Claim of a Debtor against another Debtor, or any prepetition Claim held by a Non-Debtor Subsidiary against a Debtor, including any subrogation claims and fraudulent conveyance claims related to the forgiveness of intercompany debt, and any other subrogation claims owed by any Debtor to any other Debtor. For the avoidance of doubt, Intercompany Balances do not include any Claim that Ally may assert against a Debtor.

Intercompany Balance means the amount, as of the Distribution Date, by which the total of all amounts owed to Parent Group by Company Group, exceeds the total of all amounts owed by Parent Group to Company Group.

Intercompany Balance means for the period November 1, 2010 through May 31, 2015, a net accumulated receivable from Team to Quest (a positive number) or a net payable to Team from Quest (a negative number), denominated in U.S. dollars, equal to:

Examples of Intercompany Balance in a sentence

• Nothing in this Interim Order shall modify or impair the ability of any party in interest to contest how the Debtors account, including, without limitation, the validity or amount set forth in such accounting for any Intercompany Transaction or Intercompany Balance.

• The Debtors also expressly reserve any and all rights to contest the validity, priority, or status of any prepetition Intercompany Balance or any Intercompany Transaction from which such Intercompany Balance may have arisen is expressly reserved.

• For the avoidance of doubt, the relief requested herein with respect to the postpetition Intercompany Transactions and the Intercompany Balances resulting therefrom shall not constitute an admission of the Debtors or any other party as to the validity, priority, or status of any prepetition Intercompany Balance or the Intercompany Transaction(s) from which such Intercompany Balance may have arisen.

• Intercompany Balance - Balance reflects the net transactions with Pulitzer, which are not expected to be repaid.

• Novation of the Inter-company Balance As at the Latest Practicable Date, Dah Hua was indebted to Dongguan Midas in the aggregate amount of approximately RMB47.0 million (equivalent to approximately HK$58.8 million).

More Definitions of Intercompany Balance

Intercompany Balance has the meaning set forth in Section 3.1(c) of the Purchase Agreement.

Intercompany Balance means, in the aggregate, any amounts due from any Foreign Subsidiaries that are not Canadian Loan Parties to a Loan Party (including the amount of any Annual Corporate Charge), net of any amounts due from a Loan Party to any Foreign Subsidiaries that are not Canadian Loan Parties.

Intercompany Balance means an amount which, as at 31 January 2023, was equal to US$1,789,431 and which may be increased or decreased prior to Completion, payable by NNACL to GAJL;

Intercompany Balance means the total intercompany payables from Xxxx Entities or any of their Affiliates to Company or any of its Subsidiaries. The remaining fifty percent (50%) of such difference shall be applied to offset amounts owing to Xxxx Entities or their Affiliates as such amounts become due pursuant to the purchase orders listed in Schedule 4.19(b)(i); provided that amounts in respect of advances made by Xxxx Entities or their Affiliates in respect of such purchase orders shall be offset immediately with the balance being offset against invoices to Company for purchased goods received by Company.

Intercompany Balance means (a) a payable by any Acquired Company or Subsidiary in favor of the Sellers or any of their Affiliates (excluding the Acquired Companies or Subsidiaries) and (b) a receivable held by any Acquired Company or Subsidiary due from the Sellers or any of their Affiliates (excluding the Acquired Companies or Subsidiaries);

Intercompany Balance means (i) with respect to the Acquired Companies, the aggregate amount of indebtedness or other amounts owed by any of the Acquired Companies to Seller or any of its Affiliates (other than the Acquired Companies) and (ii) with respect to Seller and its Affiliates (other than the Acquired Companies), the sum of the aggregate amount of indebtedness or other amounts owed by Seller or any of its Affiliates (other than the Acquired Companies) to any of the Acquired Companies.

Intercompany Balance means the net amount shown on the Company's balance sheet as owed to the Company by the Seller and its subsidiaries (other than the Company), on the one hand, or owed to the Seller and its subsidiaries (other than the Company) by the Company, on the other.