Common use of Intercompany Liabilities Clause in Contracts

Intercompany Liabilities. At (and effective immediately prior to) the Closing, the Seller Entities will cause each Company to cancel, settle or otherwise repay all of its liabilities and obligations owed to the Seller or the Parent and their Affiliates (other than accounts payable incurred in the Ordinary Course of Business, which shall be paid in accordance with their terms), and the Buyer shall not have any responsibility for those liabilities (other than any accounts payable incurred in the Ordinary Course of Business).

Intercompany Liabilities. At (and effective immediately prior to) the Closing, the Seller Entities will cause each Company to cancel, settle or otherwise repay all of its liabilities and obligations owed to the Seller or the Parent and their Affiliates (other than accounts payable incurred in the Ordinary Course of Business, which shall be paid in accordance with their terms), and the Buyer shall not have any responsibility for those liabilities (other than any accounts payable incurred in the Ordinary Course of Business).

Intercompany Liabilities. At (and effective immediately prior to) the Closing, the Seller Entities will cancel, settle or otherwise repay, and will cause each Company its affiliates to cancel, settle or otherwise repay, all of its or their liabilities and obligations to the Business, and neither Seller nor its affiliates shall have any responsibility for those liabilities. At (and effective immediately prior to) the Closing, Seller will cause the Business to cancel, settle or otherwise repay all of its liabilities and obligations owed to the Seller or the Parent and their Affiliates (other than accounts payable incurred in the Ordinary Course of Business, which shall be paid in accordance with their terms)its affiliates, and the Buyer shall not have any responsibility for those liabilities (other than any accounts payable incurred in the Ordinary Course of Business)liabilities.

Intercompany Liabilities. At (and effective immediately Immediately prior to) to the Closing, the Seller Entities will cancel, settle or otherwise repay, and will cause each Company its Affiliates to cancel, settle or otherwise repay, all of its or their Liabilities to the Business arising prior to the Closing. Immediately prior to the Closing, Seller will cause the Business to cancel, settle or otherwise repay all of its liabilities and obligations Liabilities owed to the Seller or the Parent and their Affiliates (other than accounts payable incurred in the Ordinary Course of Business, which shall be paid in accordance with their terms)its Affiliates, and the Buyer Group shall not have any responsibility for those liabilities (other than any accounts payable incurred in the Ordinary Course of Business)such Liabilities.