Common use of Elimination of Intercompany Indebtedness Clause in Contracts

Elimination of Intercompany Indebtedness. Other than intercompany indebtedness and receivables between the Subsidiaries, prior to the Closing Date, Seller shall cause all intercompany indebtedness involving the Business to be canceled or eliminated or contributed to the Subsidiaries and all intercompany receivables involving the Business to be canceled or eliminated or distributed to Seller.