Common use of Intercompany Accounts; Affiliate Agreements Clause in Contracts

Intercompany Accounts; Affiliate Agreements. (a) Prior to the Closing, the Seller shall cause any amounts owed to or by any member of the Seller Group or Affiliate thereof, on the one hand, from or to the Business or the Transferred Entities, on the other hand (other than (i) pursuant to, or in accordance with, the Transaction Documents and (ii) amounts owed to or by any Transferred Entity from or to any other Transferred Entity), to be canceled, settled or otherwise discharged without any further or continuing Liability on the part of the Business or the Transferred Entities.

Appears in 1 contract

Samples: Purchase and Sale (Altra Industrial Motion Corp.)

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Intercompany Accounts; Affiliate Agreements. (a) Prior to the Closing, the Seller Parties shall cause any amounts owed to or by any member of the Seller Group or Affiliate thereof, on the one hand, from or to the Business or the a Transferred EntitiesEntity, on the other hand (other than (i) pursuant to, or in accordance with, the Transaction Documents and (ii) amounts owed to or by any Transferred Entity from or to any other Transferred Entity), to be canceled, settled or otherwise discharged without any further or continuing Liability on the part of the Business or the Transferred Entitieseither party thereto.

Appears in 1 contract

Samples: Purchase Agreement (Group 1 Automotive Inc)

Intercompany Accounts; Affiliate Agreements. (a) Prior to the Closing, the Seller Parties shall cause any amounts owed to or by any member of the Seller Group or Affiliate thereof, on the one hand, from or to the Business or the a Transferred EntitiesEntity, on the other hand (other than (i) pursuant to, or in accordance with, the Transaction Documents and (ii) amounts owed to or by any Transferred Entity from or to any other Transferred Entity), to be canceled, settled or otherwise discharged without any further or continuing Liability on the part of the Business or the Transferred Entitieseither party thereto.

Appears in 1 contract

Samples: Purchase Agreement (GPB Holdings II, LP)

Intercompany Accounts; Affiliate Agreements. (a) Prior to the Closing, the Seller shall cause any amounts owed to or by any member of the Seller Group or Affiliate thereof, on the one hand, from or to the Business or the Transferred EntitiesBusiness, on the other hand (other than (i) pursuant to, or in accordance with, the Transaction Documents and (ii) amounts owed to or by any Transferred Entity from or to any other Transferred EntityDocuments), to be canceled, settled or otherwise discharged without any further or continuing Liability on the part of the Business or the Transferred EntitiesBusiness.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ashland Global Holdings Inc)

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Intercompany Accounts; Affiliate Agreements. (a) Prior to the Closing, the Seller shall cause any amounts owed to or by any member of the Seller Group or Affiliate thereof, on the one hand, from or to any member of the Business Seller Group or the Transferred EntitiesAffiliate thereof, on the other hand (other than (i) pursuant tohand, or which amounts are owed in accordance with, connection with the Transaction Documents and (ii) amounts owed to or by any Transferred Entity from or to any other Transferred Entity)Business, to be canceled, settled cancelled or otherwise discharged without any further or continuing Liability on the part of the Business or the Transferred Entitiessettled.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pitney Bowes Inc /De/)

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