Common use of Intercompany Agreements; Certain Other Intercompany Matters Clause in Contracts

Intercompany Agreements; Certain Other Intercompany Matters. (a) Section 2.2(a)(i) of the disclosure letter delivered by Seller to Buyer simultaneously herewith (the "Disclosure Letter") lists all intercompany agreements between Seller or any of its Affiliates (other than the Company or any Division Entity), on the one hand, and the Company or any Division Entity, on the other hand (the "Intercompany Agreements"). Except as set forth in Section 2.2(a)(ii) of the Disclosure Letter and except for those Intercompany Agreements to be assigned by Seller to the Company pursuant to Section 2.4(a) hereof, as of the Closing, Seller, the Company and the Division Entities shall cause all Intercompany Agreements to be terminated in all respects such that there is no cost or liability thereunder from and after the Closing on the part of the Company or any Division Entity.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Healthsouth Corp), Stock Purchase Agreement (Healthsouth Corp)

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Intercompany Agreements; Certain Other Intercompany Matters. (a) Section 2.2(a)(i) of the disclosure letter delivered by Seller to Buyer simultaneously herewith (the "Disclosure Letter") lists all intercompany agreements between Seller or any of its Affiliates (other than the Company or any Division Entity), on the one hand, and the Company or any Division Entity, on the other hand (the "Intercompany Agreements"). Except as set forth in Section 2.2(a)(ii) of the Disclosure Letter and except for those Intercompany Agreements to be assigned by Seller to the Company pursuant to Section 2.4(a) hereof, as of the Closing, Seller, the Company and the Division Entities shall cause all Intercompany Agreements to be terminated in all respects (pursuant to documentation reasonably acceptable to Buyer) such that there is no cost or liability (including any Tax liability) thereunder from and after the Closing on the part of the Company or any Division Entity.

Appears in 1 contract

Samples: Stock Purchase Agreement (Healthsouth Corp)

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Intercompany Agreements; Certain Other Intercompany Matters. (a) Section 2.2(a)(i) of the disclosure letter delivered by Seller to Buyer simultaneously herewith (the "Disclosure Letter") lists all intercompany agreements between Seller or any of its Affiliates (other than the Company or any Division Entity), on the one hand, and the Company or any Division Entity, on the other hand (the "Intercompany Agreements"). Except as set forth in Section 2.2(a)(ii) of the Disclosure Letter and except for those Intercompany Agreements to be assigned by Seller to the Company pursuant to Section 2.4(a) hereof, as of the Closing, Seller, the Company and the Division Entities shall cause all Intercompany Agreements to be terminated in all respects (pursuant to documentation reasonably acceptable to Buyer) such that there is no cost or liability (including any Tax liability) thereunder from and after the Closing on the part of the Company or any Division Entity.

Appears in 1 contract

Samples: Stock Purchase Agreement (Select Medical Corp)

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