Common use of Intercompany Arrangements Clause in Contracts

Intercompany Arrangements. (a) Except as set forth in Schedule 5.23(a) of the Contributor Disclosure Schedule, prior to the Contribution Closing, the Contributor Parties shall cause any Contract that is referenced in Schedule 3.15(a) of the Contributor Disclosure Schedule in response to Section 3.15(a)(i), to be terminated or otherwise amended to exclude any of the Propane Group Entities as a party thereto. (b) At or prior to the Contribution Closing, all Intercompany Indebtedness between the Propane Group Entities, on the one hand, and the Contributor Parties and their Affiliates (other than the Propane Group Entities), on the other hand, shall be repaid and settled (including, if necessary, through a contribution to capital).

Appears in 3 contracts

Samples: Contribution Agreement (Suburban Propane Partners Lp), Contribution Agreement (Suburban Propane Partners Lp), Contribution Agreement (Inergy L P)

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Intercompany Arrangements. (a) Except as set forth in Schedule 5.23(a5.26(a) of the Contributor Disclosure Schedule, prior to the Contribution Closing, the Contributor Parties shall cause any Contract that is referenced disclosed (or should have been disclosed) in Schedule 3.15(a) of the Contributor Disclosure Schedule in response to Section 3.15(a)(i)Schedule, to be terminated or otherwise amended to exclude any of the Propane Group Entities as a party thereto. (b) At or prior to the Contribution Closing, all Intercompany Indebtedness between the Propane Group Entities, on the one hand, and the Contributor Parties and their Affiliates (other than the Propane Group Entities), on the other hand, shall be repaid cancelled and settled (including, if necessary, through a contribution any such amounts shall be credited to capital)or charged against equity of the applicable Propane Group Entity.

Appears in 2 contracts

Samples: Contribution and Redemption Agreement (Energy Transfer Partners, L.P.), Contribution and Redemption Agreement (Amerigas Partners Lp)

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