Inter-Company Accounts. On or before the date which is 90 days after the Meeting Date (as hereinafter defined), the following Company debts shall be paid in full by the Company with new funds infused by efforts of Purchaser: Manewall-Bradley Oil Cxxxxxx $50,000 Manx Oil Corporation $47,931 Hawks Company Limited Partnership $56,829 Lolly Martin $25,000 Linda Allen $25,000 Jack and Lola Xxxdley $ 3,750
Inter-Company Accounts. Other than the Transaction Documents and except as set forth on Section 5.9(a) of the Seller Disclosure Letter, at or prior to the Closing, Seller shall cause, and shall cause its Subsidiaries to cause, as of the Closing, all cash balances, inter-company payables and receivables, Indebtedness and other accounts between the Company or any Company Subsidiary, on the one hand, and Seller or its other Subsidiaries (other than the Company and the Company Subsidiaries, but including the Excluded Subsidiaries), on the other hand (the “Inter-company Accounts”), to be paid in full or settled, and shall ensure that none of the Company and the Subsidiaries shall owe any liability relating to the Inter-company Accounts to Seller or any of its Subsidiaries, or vice versa. The Inter-company Accounts as of April 30, 2015, together with the amounts payable in respect of such Inter-company Accounts, are set forth on Section 5.9(b) of the Seller Disclosure Letter.
Inter-Company Accounts. At the Closing, all inter-company accounts other than the Note, between Monitor and Structure, on the one hand, and MDI on the other hand, will be cleared at no expense to any of the entities.
Inter-Company Accounts. Other than as provided in Section 8.4 and except as set forth on Section 2.1 of the Seller Disclosure Schedule, at or prior to the Closing, Seller shall, and shall cause its subsidiaries to, take all commercially reasonable actions necessary to settle as of the Closing all cash balances, inter-company payables and receivables, indebtedness and other accounts between the Company or any Subsidiary, on the one hand, and Seller or its other subsidiaries (other than the Company and the Subsidiaries), on the other hand (the "Inter-company Accounts"), and shall ensure that none of the Company and the Subsidiaries shall owe any Liability relating to the Inter-company Accounts to Seller or any of its subsidiaries, or vice versa. Any Inter-company Accounts not settled as of the Closing (including those set forth on Section 2.1 of the Seller Disclosure Schedule) shall result in an adjustment to the Purchase Price pursuant to Sections 1.2(d) and 1.2(e).
Inter-Company Accounts. Except with respect to the Seller Loans, which may be contributed, and the Seller Loan Agreements, which may be terminated, in each case as contemplated in Section 5.12 hereof, immediately prior to the Closing, all inter-company accounts and notes between GWNS and Sellers or any of their respective Affiliates shall be canceled; provided that inter-company notes and accounts, if any, between the Singapore Companies shall not be canceled.
Inter-Company Accounts. At the Closing, except as otherwise provided on Schedule 5.14 to the Parent Disclosure Schedule, all inter-company accounts and notes between (i) SplitCo Sub, the Business or any System, on the one hand, and (ii) any Parent Party, on the other hand, shall be cancelled.
Inter-Company Accounts. Schedule 4.19 sets out all Inter-Company Accounts, as of the date of this Agreement, including the applicable contract under which such Inter-Company Accounts are controlled.
Inter-Company Accounts. All accounts receivable and accounts payable between Seller and either of the Subs or between the Subs shall be paid in full on or prior to the Initial Closing Date as to the Purchased Assets and the Subsequent Closing Date as to the Subs.
Inter-Company Accounts. At the Closing, the Vendor, the Purchaser and the Corporation shall have entered into the Assumption Agreement under which the Purchaser shall assume and be assigned all liability for the full amount of the Inter-Company Accounts.
Inter-Company Accounts. Prior to Closing, all Inter-Company Accounts owing by the Company to Parent or any of Parent’s Affiliates, and all Inter-Company Accounts due to the Company from Parent or any of Parent’s Affiliates, shall either be paid or satisfied in full, or released, discharged or terminated pursuant to written agreements satisfactory in form and substance to Buyer.