Examples of Mexican Subsidiaries in a sentence
Those SPAs included the balance sheets of the Mexican Subsidiaries.
Although the Debtors' Cash Management System allows for intercompany loans between the Debtors and the Foreign Subsidiaries, such loans are rarely made to the Foreign Subsidiaries (including the Mexican Subsidiaries), and the Debtors do not seek authority to make any such intercompany loans other than between Debtors by this Motion.
In its current form, the Cash Management System enables the Debtors to (i) control and monitor corporate funds, including the ability to facilitate transfers between the Debtors and the Mexican Subsidiaries, (ii) ensure cash availability and (iii) reduce administrative expenses by facilitating the movement of funds.
Furthermore, although the Foreign Subsidiaries (exclusive of the Mexican Subsidiaries) generally have their own, separate shared services hub, these other Foreign Subsidiaries provide the Debtors and the Mexican Subsidiaries with support related to the administration of accounts payable and receivable, which result in intercompany payables by the Debtors and the Mexican Subsidiaries.
Ultimately, all such allocations are fully traceable and allocated to each relevant entities' books and records for accounting purposes, though they have historically not been cash settled by the Mexican Subsidiaries other than on an ad hoc basis.