Intra-Group Payables Clause Samples
The Intra-Group Payables clause governs the financial obligations and settlement of debts between entities within the same corporate group. It typically outlines how payments owed by one group company to another are to be recorded, managed, and settled, often specifying timelines, interest on overdue amounts, or set-off rights. By clearly defining these internal payment processes, the clause helps prevent disputes, ensures accurate accounting, and maintains financial discipline within the group structure.
Intra-Group Payables. If:
(i) the Intra-Group Payables are greater than the Estimated Intra-Group Payables, the Seller shall repay to the Purchaser an amount equal to the excess; or
(ii) the Intra-Group Payables are less than the Estimated Intra-Group Payables, the Purchaser shall pay to the Seller an additional amount equal to the deficiency.
Intra-Group Payables. As at Completion there shall be no Intra-Group Payables.
Intra-Group Payables. Without prejudice to the ▇▇▇▇ Debt Settlement, as soon as practicable following the Signing Date and by no later than the Closing Date, the Company and the Sellers shall procure the settlement of all intra-group payables between the Company (and its subsidiaries) and the Sellers (its Affiliates) (excluding any payables falling due in the ordinary course of business between the Company (its subsidiaries) and the Sellers (its Affiliates)) resulting in there being no outstanding debt, claims or demands between the Company and the Sellers on or immediately after Closing, other than as may be agreed by the Sellers and the Buyer in writing.
Intra-Group Payables. 4.2.1 Without prejudice to the ▇▇▇▇ Debt Settlement, as soon as practicable following the Signing Date and by no later than the Closing Date, the Company and the Sellers shall procure the settlement of all intra-group payables between the Company (and its 22 22 of #NUM_PAGES# DOCPROPERTY cpHeaderText subsidiaries) and the Sellers (its Affiliates) (excluding any payables falling due in the ordinary course of business between the Company (its subsidiaries) and the Sellers (its Affiliates)) resulting in there being no outstanding debt, claims or demands between the Company and the Sellers on or immediately after Closing, other than as may be agreed by the Sellers and the Buyer in writing.