Common use of Intercompany Accounts Clause in Contracts

Intercompany Accounts. Prior to the Effective Time, Seller shall cause all intercompany payables, receivables and loans between the Business, on the one hand, and Seller and its Affiliates, on the other hand, to be settled or cancelled; provided, however, that the foregoing shall not apply to any Business Agreement entered into prior to the Effective Time between Seller and Atmos Energy Marketing, LLC, to which Buyer consents in writing pursuant to Section 7.1(b), relating to the provision of certain gas supply services.

Appears in 6 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Algonquin Power & Utilities Corp.), Asset Purchase Agreement (Algonquin Power & Utilities Corp.)

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