Common use of Cancellation of Intercompany Payables Clause in Contracts

Cancellation of Intercompany Payables. On or prior to the Closing, Seller shall (and shall cause its Affiliates, if applicable, to) cancel any and all Intercompany Payables and shall, and shall cause its Affiliates, if applicable, irrevocably to release the NOARK Group from all Intercompany Payables.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Atlas Pipeline Holdings, L.P.), Securities Purchase Agreement (Atlas America Inc), Securities Purchase Agreement (Spectra Energy Partners, LP)

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Cancellation of Intercompany Payables. On or prior to the Closing, Seller shall (and shall cause its Affiliates, if applicable, to) cancel any and all Intercompany Payables and shall, and shall cause its Affiliates, if applicable, to irrevocably to release the NOARK Group Company from all Intercompany Payables.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Spectra Energy Partners, LP)

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