Intercompany Trade Payables definition

Intercompany Trade Payables means all intercompany trade payables between any member of the Trident Group, on the one hand, and any member of the Fountain Group, on the other hand, which exist and are reflected in the accounting records of the Parties as of the close of business on the day prior to the Fountain Distribution Date.

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Intercompany Trade Payables means all payables to the extent pertaining to the Business due to Seller or any of its Affiliates that are paid directly by the Business for goods or services rendered in the ordinary and normal course of business, which as of September 30, 2012, were as set forth on Section 1.1 of the Seller Disclosure Schedule.

Intercompany Trade Payables means those certain intercompany accounts payable of the Business as set forth in the line item “Accounts Payable - GP” on Schedule 2.3(a).

Examples of Intercompany Trade Payables in a sentence

At no time shall the aggregate amount of outstanding Intercompany Trade Payables exceed $350,000 (without giving any effect to offset).
Seller shall take such action and make, or cause to be made, such payments as may be necessary so that, as of the Closing Date, there shall be no Intercompany Accounts Receivable or Intercompany Accounts Payable (other than Intercompany Trade Receivables, Intercompany Trade Payables or obligations or rights pursuant to Business Contracts set forth on Section 5.11 of the Seller Disclosure Schedule) in effect or outstanding.
An amount equal to the Intercompany Trade Payables set forth in Target Working Capital by wire transfer on the forty-fifth (45th) day following the Closing Date (or if such day is not a Business Day, the next succeeding Business Day) to an account designated by GP not less than two (2) Business Days prior to such date.
Effective immediately prior to the Closing, Sellers shall cause all intercompany payables and receivables (other than Intercompany Trade Payables and Receivables) to be voided, canceled and terminated without any payment therefor and shall take such action as may be necessary so that, as of the Closing Date, there shall be no intercompany obligations between the Division and Affiliates of Sellers other than Intercompany Trade Payables and Receivables, together with agreements relating thereto.

More Definitions of Intercompany Trade Payables

Intercompany Trade Payables means reseller trade payables associated with the sales of Seller’s products made through the IT70 Contract (with respect to which there is a corresponding trade accounts receivable to the end customer on the Company Balance Sheet or the Closing Date Balance Sheet).

Intercompany Trade Payables means accounts payable balances of a type and nature consistent with the purchase and sale of Inventory in the ordinary course prior to and as of the Closing Date, and relating exclusively to the parts scheduled in the Purchase and Supply Agreement, but calculated using 60 days’ payables terms.

Intercompany Trade Payables means accounts payable for goods or services purchased by the Companies from Seller and its Affiliates in the ordinary course of business and provided on terms consistent with past practices, including, without limitation, accounts payable in favor of Seller ---------- **** Confidential treatment is being requested for these portions of this Agreement. and its Affiliates for insurance and employee benefits, but specifically excluding any management fee or any charge for general and administrative costs or overhead. IRS - shall mean the Internal Revenue Service. ITOCHU - shall have the meaning set forth in the introduction to this Agreement. LIBOR - shall mean 5.50%. LLC - shall have the meaning set forth in the recitals to this Agreement.