Joint Venture Creditors definition
Joint Venture Creditors means all amounts owed (whether accrued, due or to become due) as at the Transfer Time by the Joint Venture Company for goods and services supplied to the Joint Venture Company prior to the Transfer Time (including (i) any Intra-Group Trading Amounts owed by the Joint Venture Company to any member of the ICI Group (together with the Companies); and (ii) any amount owed by the Joint Venture Company in respect of any Operating Tax (but excluding, (i) any Tax Liability which is not a liability for Operating Taxes; and (ii) liabilities in respect of Intra-Group Borrowings and the Final Financial Debt), the value of which shall be determined in accordance with Schedule 11 (Determination and Certification of Working Capital Adjustment); Back to Contents