Intra-Group Receivables definition

Intra-Group Receivables means all outstanding account, note or loan receivables or other financing Liabilities (whether current or non-current, and including interest accrued and dividends declared or payable but not paid) owed by the Seller or its Affiliates (other than a Target Group Entity) to any Target Group Entity.

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Intra-Group Receivables means the aggregate of the amounts owing from members of the Seller’s Group to members of the Group (excluding amounts owing in respect of intra-group trading activities in the ordinary course of trading) as at Completion, as set out in the Statement and calculated in accordance with clause 6 and on the basis of the accounting policies and procedures set out in schedule 8;

Intra-Group Receivables means, in relation to each Group Entity, all amounts owed at any time prior to the Effective Time by a member of the Seller’s Group (other than the Group Entities) to that Group Entity in respect of (a) loans and other indebtedness, in each case including accrued interest calculated consistent with past practice, and (b) trading receivables.

Examples of Intra-Group Receivables in a sentence

Except to the extent any provision or reserve has been made in the Accounts, all accounts receivable owed to any Group Company (excluding Intra-Group Receivables), whether included in the Accounts or arising since the Accounts Date are fully collectable in the normal course and none of such debts has been factored, sold or agreed to be sold by any Group Company.
Within 2 Business Days of a request from the Purchaser, the Seller shall provide the Purchaser with documentation, working papers and explanations in relation to the determination of the Intra-Group Payables and Intra-Group Receivables as may be reasonably requested in writing by the Purchaser.
Prior to Closing, the Company shall, and each Seller shall cause the Company to, settle substantially all Intra-Group Payables and Intra-Group Receivables in a manner to be reasonably agreed by Purchaser in writing.
For the sake of clarity, Purchaser is entitled to deduct the amount of Intra-Group Receivables from the payment to be made upon Closing to Vendor pursuant to Section 5.7 (e), and pay such amount directly to the Company on behalf of Vendor.
The Seller shall procure that on Closing the Intra-Group Receivables are satisfied in full in accordance with Section 8.2(b)(ii).

More Definitions of Intra-Group Receivables

Intra-Group Receivables means any amounts owing by a Sellers’ Group Company (as debtor) to a Sale Group Company (as creditor), excluding any trade balances arising in the ordinary course of business.

Intra-Group Receivables means any amounts owed by any member of the Group to Midco under or in connection with any intra-group arrangements, including Intra-Group Liabilities, loans, extensions of credit, dividends and any other intra-group transaction permitted under this Indenture.

Intra-Group Receivables means any indebtedness (other than Trade Debts) owing, as at the Effective Time, by members of the Seller’s Group to the Group Companies;

Intra-Group Receivables means amounts owing from members of the Seller’s Group to members of the Group;

Intra-Group Receivables means, in relation to the Company and each Company Subsidiary, any amounts owed as of the Closing Date to the Company and each Company Subsidiary by any member of the Seller Group (which are not Inter-Company Trading Amounts), together with accrued interest, if any, up to the Closing Date on the terms of the applicable debt.

Intra-Group Receivables means the aggregate amount of debt, financing liabilities and other non-trading balances, as well as due and payable receivables and outstanding warranty claims, owed by the Vendor or the Vendor’s Affiliated Companies to the Company on the Closing Date, the Intra Group Receivables on the date hereof being set out in Schedule 1.31.

Intra-Group Receivables means the amount set out against the “Intra-Group Receivables” entry in the Closing Statement, being the aggregate amount of all relevant constituent line items comprising the aggregate amount of all Indebtedness owed by (i) a member of the Retained Group to a Group Company and (ii) a member of the Retained Group to a Business Seller to the extent incurred for the purposes of the Group Businesses, in each case as at the Close of Business on the Closing Date but excluding any item to the extent included in calculating the Group Companies’ Cash Balances or the Third-Party Indebtedness;