TMEL definition
Examples of TMEL in a sentence
Each foreign member of AG having a net intercompany obligation owing from a member of PG (excluding trade accounts receivable) will transfer such net intercompany obligation to TMEL in exchange for an intercompany advance receivable from TMEL in an amount equal to the aggregate amount of the net intercompany receivables and notes transferred.
TMEL will assume the net intercompany obligation owed by each foreign member of AG having a net intercompany obligation to a member of PG (excluding trade accounts payable) in exchange for the issuance by each such AG member of an intercompany advance payable to TMEL in an amount equal to the aggregate amount of the net intercompany obligations assumed.
TMEL will assume the net intercompany obligation owed by each foreign member of AG having a net intercompany obligation to a member of PG (excluding trade accounts payable) in exchange for the issuance by each such AG member of an intercompany advance payable to TMEL in an amount equal to the aggregate amount of the net intercompany obligations assumed Realignment of AG Domestic Intercompany Obligations.