Common use of Adjustments to Repayment of Intra-Group Financing Payables and Intra Clause in Contracts

Adjustments to Repayment of Intra-Group Financing Payables and Intra. Group Financing Receivables Following determination of the Closing Statement pursuant to Clause 8.2 and paragraph 3 of Part 1 of Schedule 7, if the amount of any Intra-Group Financing Payable and/or any Intra-Group Financing Receivable contained in the Closing Statement is greater or less than the SPA 1 amount of the corresponding Estimated Intra-Group Financing Payable or Estimated Intra-Group Financing Receivable, then the Seller and the Purchaser shall procure that such adjustments to the payments pursuant to Clause 7.7.1 are made as are necessary to ensure that (taking into account such adjustments) the actual amount of each Intra-Group Financing Payable and each Intra-Group Financing Receivable has been repaid by each relevant Group Company to the relevant member of the Seller’s Group or by the relevant member of the Seller’s Group to the relevant Group Company, as the case may be.

Appears in 2 contracts

Samples: Share Purchase Agreement (Brinks Co), Share Purchase Agreement (Brinks Co)

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Adjustments to Repayment of Intra-Group Financing Payables and Intra. Group Financing Receivables Following agreement or determination of the Closing Statement pursuant to Clause 8.2 7.2 and paragraph 3 of Part 1 of Schedule 7, if the amount of any Intra-Group Financing Payable and/or any Intra-Group Financing Receivable contained in the Closing Statement is greater or less than the SPA 1 amount of the corresponding Estimated Intra-Group Financing Payable or Estimated Intra-Group Financing Receivable, then the Seller and the Purchaser shall procure that such adjustments to the payments repayments pursuant to Clause 7.7.1 6.4 are made as are necessary to ensure that (taking into account such adjustments) the actual amount Those portions of this Agreement marked with an [*] have been omitted pursuant to a request for confidential treatment and have been filed separately with the SEC. of each Intra-Group Financing Payable and each Intra-Group Financing Receivable has been repaid by each relevant Group Company to the relevant member of the Seller’s Group or by the relevant member of the Seller’s Group to the relevant Group Company, as the case may be.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Scotts Miracle-Gro Co)

Adjustments to Repayment of Intra-Group Financing Payables and Intra. Group Financing Receivables Following agreement or determination of the Closing Statement pursuant to Clause 8.2 7.2 and paragraph 3 of Part 1 of Schedule 7, if the amount of any Intra-Group Financing Payable and/or any Intra-Group Financing Receivable contained in the Closing Statement is greater or less than the SPA 1 amount of the corresponding Estimated Intra-Group Financing Payable or Estimated Intra-Group Financing Receivable, then the Seller and the Purchaser shall procure that such adjustments to the payments repayments pursuant to Clause 7.7.1 6.4 are made as are necessary to ensure that (taking into account such adjustments) the actual amount of each Intra-Group Financing Payable and each Intra-Group Financing Receivable has been repaid by each relevant Group Company to the relevant member of the Seller’s Group or by the relevant member of the Seller’s Group to the relevant Group Company, as the case may be.

Appears in 1 contract

Samples: Business Sale Agreement (Scotts Miracle-Gro Co)

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Adjustments to Repayment of Intra-Group Financing Payables and Intra. Group Financing Receivables Following agreement or determination of the Closing Statement pursuant to Clause 8.2 7.2 and paragraph 3 of Part 1 of Schedule 74, if the amount of any Intra-Group Financing Payable and/or any Intra-Group Financing Receivable contained in the Closing Statement is greater or less than the SPA 1 amount of the corresponding Estimated Intra-Group Financing Payable or Estimated Intra-Group Financing Receivable, then the Seller and the Purchaser shall procure that such adjustments to the payments repayments pursuant to Clause 7.7.1 6.5.1 are made as are necessary to ensure that (taking into account such adjustments) the actual amount of each Intra-Group Financing Payable and each Intra-Group Financing Receivable has been repaid by each relevant Group Company to the relevant member of the Seller’s Group or by the relevant member of the Seller’s Group to the relevant Group Company, as the case may be.

Appears in 1 contract

Samples: Share Purchase Agreement (Cott Corp /Cn/)

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