Intracompany Accounts Sample Clauses

Intracompany Accounts. Notwithstanding anything to the contrary set forth herein all amounts owed or payable by the Business to, or to the Business by, Sellers or any Affiliate of Sellers, including officers, stockholders or employees Affiliated with the Division, shall be settled and paid immediately prior to the Closing Date with no payment made by any party to this Agreement.
Sample 1Sample 2
AutoNDA by SimpleDocs
Intracompany Accounts. The Sellers and the Seller Subsidiary shall eliminate any intracompany accounts relating to the Business immediately prior to the Closing without any payment.
Sample 1Sample 2
Intracompany Accounts. 22 6.16 Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . 23 6.17 [Intentionally omitted.] . . . . . . . . . . . . . . . . . . 24 6.18 Non-Assignable Warranty . . . . . . . . . . . . . . . . . . 24 6.19
Sample 1
Intracompany Accounts. 26 (ff) FOREIGN CURRENCY EXPOSURES............................................................27 (gg) COMPANY NAME..........................................................................27 (hh) INDEBTEDNESS..........................................................................27 4.2 REPRESENTATIONS AND WARRANTIES BY HOLDINGS, PARENT AND SUBCORP.................................27 (a) ORGANIZATION AND QUALIFICATION, ETC...................................................27 (b) CAPITALIZATION........................................................................28 (c)
Sample 1
Intracompany Accounts. Schedule 4.1(ee) contains a complete list of all intracompany balances as of the Fibers Balance Sheet Date between AFC and its respective Affiliates, on the one hand, and the Fibers Business, on the other hand. Except as set forth on Schedule 4.1(ee), since the Fibers Balance Sheet Date there has not been any accrual of liability by the Fibers Business to AFC or any of its respective Affiliates or other transaction between the Fibers Business, on the one hand, and AFC or any of its respective Affiliates on the other hand, except in the ordinary course of business of the Fibers Business and on terms no less favorable to the Fibers Business than obtainable on an arm's-length basis. (ff) FOREIGN CURRENCY EXPOSURES. (i) Except as disclosed on Schedule 4.1(ff)(i), there has been no sales within the three years ending on December 31, 1996 of the products of the Business to any person or entity that denominated its pricing for such products in any currency other than the United States dollar (other than any sales not exceeding $50,000 per annum in the aggregate). (ii) Except as disclosed on Schedule 4.1(ff)(ii), there have been no purchases within the three years ending on December 31, 1996, of any raw materials or inventory used in the Fibers Business from any person or entity that denominated its pricing for such raw materials or inventory in any currency other than the United States dollar (other than any purchases not exceeding $50,000 per annum in the aggregate).
Sample 1
Intracompany Accounts. All intracompany accounts with respect to the Transferred Subsidiary shall have been settled.
Sample 1
Intracompany Accounts. The Seller, Ontario and s.r.o. shall eliminate any intracompany accounts relating to the Business immediately prior to the Closing without any payment.
Sample 1
AutoNDA by SimpleDocs

Related to Intracompany Accounts

  • Intercompany Accounts 6 Section 3.05.

  • Management Accounts The Management Accounts have been prepared in accordance with the same accounting principles and practices adopted for the Accounts and show a fair view of the assets and liabilities of the Company as the Management Accounts Date.

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto; (a) Schedule 2 sets forth under the heading “Deposit Accounts” all of the Deposit Accounts in which such Grantor has an interest and, except as otherwise disclosed to the Administrative Agent, such Grantor is the sole account holder of each such Deposit Account and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having either sole dominion and control (within the meaning of common law) or “control” (within the meaning of Section 9-104 of the UCC) over, or any other interest in, any such Deposit Account or any money or other property deposited therein; and (b) In each case to the extent requested by the Administrative Agent, such Grantor has taken all actions necessary or desirable to: (i) establish the Administrative Agent’s “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over any Certificated Securities (as defined in Section 9-102 of the UCC); (ii) establish the Administrative Agent’s “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over any portion of the Investment Accounts constituting Securities Accounts, Commodity Accounts, Securities Entitlements or Uncertificated Securities (each as defined in Section 9-102 of the UCC); (iii) establish the Administrative Agent’s “control” (within the meaning of Section 9-104 of the UCC) over all Deposit Accounts; and (iv) deliver all Instruments (as defined in Section 9-102 of the UCC) to the Administrative Agent to the extent required hereunder.

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Financial Accounts Exhibit E, as may be updated by the Borrower in a written notice provided to Agent after the Closing Date, is a true, correct and complete list of (a) all banks and other financial institutions at which Borrower or any Subsidiary maintains Deposit Accounts and (b) all institutions at which Borrower or any Subsidiary maintains an account holding Investment Property, and such exhibit correctly identifies the name, address and telephone number of each bank or other institution, the name in which the account is held, a description of the purpose of the account, and the complete account number therefor.

  • Primary Accounts Borrower will maintain its primary depository and operating accounts with Bank.

  • Special Accounts For the purposes of this Schedule:

  • Cash Accounts, Deposits and Money Movements Subject to the terms and conditions set forth in this Section 7, the Fund hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Fund maintains Investments or in such other currencies as the Fund shall from time to time request by Instruction.

  • Depository Accounts Except to the extent that Manager has not complied with its obligations under Sections 2.4 and 5.2, Owner and Manager agree that Manager shall have no liability for loss of funds of Owner contained in the bank accounts for the Property maintained by Owner or Manager pursuant to this Agreement due to insolvency of the bank or financial institution in which its accounts are kept, whether or not the amounts in such accounts exceed the maximum amount of federal or other deposit insurance applicable with respect to the financial institution in question.

  • Accounts In any litigation or arbitration proceedings arising out of or in connection with a Finance Document, the entries made in the accounts maintained by a Finance Party are prima facie evidence of the matters to which they relate.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!