It is a simple intercompany loan agreement that covers an unsecured loan between the group`s companies. Let`s take a look at the intercompany credit calculations: even if Intercompany loans are treated as assets and liabilities in the companies concerned, these balances must be eliminated at the time of group consolidation of accounts. Like other loans, the credit company is required to repay the principal amount at the end of the loan. Businesses cannot refuse such payments, as such a refusal can have serious tax and regulatory consequences for both companies. Finally, I would like to say that they are mainly for short-term financing and that, therefore, counts in the same period of time make the job easy. The Intercompany loan is the amount that is granted by one entity (in a group) to another entity (in the same group) for a variety of purposes, including to support the loan company`s cash flow or to finance fixed assets or to finance the normal activities of the lending company, resulting in interest on the credit company and interest charges on the credit company. Intercompany loans may be considered useful in the following scenarios: CET ACCORD INTERCOMPANY LOAN (this “agreement”) will be concluded on May 14, 2013 by and between Bermuda-based Seadrill Limited (the “Lender”) and Seadrill Partners Operating LLC, a limited liability Marshall Islands company (the “borrowers”). This first amendment to the INTERCOMPANY LOAN (“Amendment”) ACCORD will be made and concluded on May 1, 2016 (“Date of Effect”) between NaturalShrimp Holdings, Inc., a Delaware company (“NSH”) and NaturalShrimp Incorporated, a Nevada company (“NSI”). The NSH and the NSI may be collectively referred to as “parties” in this amendment.
In the city of Rosario, Santa Fe province, Argentina, On March 14, 2019 (effective date), on the one hand, BIOCERES SA, with address to Ocampo 210 bis, Property CCT, Indear Building, Rosario (`BIOCERES`) and, on the other hand, BIOCERES CROP CORP SOLUTIONS. Based at Maples Corporate Services Limited, PO Box 309 , Ugland House, Grand Cayman, Cayman Islands , (now the “Borrower”) and together “The Parties”.