Common use of Intercompany Obligations Clause in Contracts

Intercompany Obligations. The Buyer shall have received from AUGI and its Affiliates written releases or other assurances, in form and substance reasonably satisfactory to the Buyer, that AUGI and its Affiliates will not assert against the Buyer or the Assets or any of Buyer's Affiliates any claims in respect of obligations owed by the Seller to AUGI and its Affiliates, except for the Note to be delivered at the Closing in the form annexed hereto as Exhibit D.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Eglobe Inc), Asset Purchase Agreement (American United Global Inc), Asset Purchase Agreement (American United Global Inc)

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Intercompany Obligations. The Buyer shall have received from AUGI and its Affiliates written releases or other assurances, in form and substance reasonably satisfactory to the Buyer, that AUGI and its Affiliates will not assert against the Buyer or the Assets or any of Buyer's Affiliates any claims in respect of obligations owed by the Seller to AUGI and its Affiliates, except for the Note to be delivered at the Closing in the form annexed hereto as Exhibit D.D. (k)

Appears in 1 contract

Samples: , 1998 Asset Purchase Agreement (Executive Telecard LTD)

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