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