Intercompany Obligation means any liability or obligation, contingent or otherwise, of one or more Loan Parties to one or more other Loan Parties, whether in respect of an Intercompany Loan or an Intercompany Guarantee, or in respect of property or other goods sold or delivered or for services rendered, or under a conditional sale or other title retention agreement, and, in each case, whether or not evidenced by an Intercompany Note.
Intercompany Obligation means any loan, note, advance, receivable or payable between Seller or any of its Affiliates (other than the Transferred Companies), on the one hand, and any of the Transferred Companies, on the other hand.
Intercompany Obligation means all amounts due to or from Debtor or Software International on the one hand and any of the Subsidiaries on the other hand arising on or before the Effective Date other than those addressed in the Sale Documents or the Sale Order.
Examples of Intercompany Obligation in a sentence
First, if a transaction actually involves an Intercompany Obligation, there is a direct realization and no need for the “indirect” clause.
Comparison of the Intercompany Obligation Rules Under Former Treas.
Each holder of an Allowed Intercompany Obligation is conclusively presumed to have accepted the Plan and is not entitled to vote to accept or reject the Plan.
For avoidance of doubt, to the extent not already extinguished or retired, the Repurchased Notes shall be considered an Intercompany Obligation extinguished, and null and void pursuant to this Plan.
For example, if a transaction involves a member obligation that is held by a person or entity that is not a member of the group, § 1.1502- 13(g) has no application at all because the obligation is not an Intercompany Obligation.
More Definitions of Intercompany Obligation
Intercompany Obligation means any obligation, fixed or contingent, of the Company to any officer, director, shareholder or Affiliate of the Company or of any such officer, director, shareholder or Affiliate to the Company, including without limitation any Debt Obligation owed to or with any such Person.
Intercompany Obligation means a non-interest bearing obligation by Borrower to pay a principal amount equal to the estimated Distributable Loan Proceeds.
Intercompany Obligation means any obligation, which may be reflected as an accounting entry, including a Claim, right to receive a (or an entry reflecting a prior) capital contribution, or right to receive a (or an entry reflecting a prior) dividend, held by any Debtor or non-Debtor Affiliate against any Plan Debtor arising prior to the Commencement Date.
Intercompany Obligation means any payable, receivable, indebtedness, other obligation, or Contract (whether evidenced by writing or documented only by book entry) requiring or evidencing the right to receive a payment (or payments) or the obligation to make a payment (or payments) (including any factoring arrangements) between (i) Seller and any Purchased Subsidiary (or Purchased Subsidiaries), (ii) any Subsidiary of Seller (other than a Purchased Subsidiary) and any Purchased Subsidiary (or Purchased Subsidiaries), (iii) any other Subsidiary of Seller (other than a Purchased Subsidiary) and Seller or (iv) any Purchased Subsidiary and any other Purchased Subsidiary (or Purchased Subsidiaries).
Intercompany Obligation means the account of the Company representing an obligation of the Company to pay the Seller the sum of (i) $37,803,814, plus (ii) the amount of any unreimbursed advances for payroll and employment benefits made by the Seller on behalf of the Company and its Subsidiaries, plus (iii) an amount equal to 45% of the Company’s and its Subsidiaries consolidated pre-tax income with respect to which a dividend has not been paid by the Company to the Seller, in each of case (ii) and (iii), for any period prior to the Closing Date.
Intercompany Obligation means any Contract between any Project Company and, without giving effect to the Closing, any Affiliate of a Project Company (other than another Project Company), including in respect of income taxes and any indebtedness between any Project Company and any Affiliate of a Project Company (other than another Project Company). 5
Intercompany Obligation is defined in Section 5.9.