NO INTERCOMPANY PAYABLES OR RECEIVABLES. At the Closing there will be no intercompany payables or intercompany receivables due and/or owing between the Stockholder and any of their Affiliates, on the one hand, and the Company, on the other hand.
Appears in 2 contracts
Samples: Stock Purchase Agreement (United Auto Group Inc), Stock Purchase Agreement (United Auto Group Inc)
NO INTERCOMPANY PAYABLES OR RECEIVABLES. At the Closing there will be no intercompany payables or intercompany receivables due and/or owing between the Stockholder Stockholders and any of their Affiliates, on the one hand, and the Company, on the other hand, except for the Stockholders' loans as set forth in ss.5.13 hereof, which shall be paid in full on or before the Closing Date.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Sunbelt Automotive Group Inc), Agreement and Plan of Merger (Sunbelt Automotive Group Inc)
NO INTERCOMPANY PAYABLES OR RECEIVABLES. At the Closing there will be no intercompany payables or intercompany receivables due and/or owing between the Stockholder and any of their Affiliates, his Affiliates (other than the Companies) on the one hand, and the CompanyCompanies, on the other hand.
Appears in 2 contracts
Samples: Stock Purchase Agreement (United Auto Group Inc), Stock Purchase Agreement (United Auto Group Inc)
NO INTERCOMPANY PAYABLES OR RECEIVABLES. At the Closing there will be no intercompany payables or intercompany receivables due and/or owing between the Stockholder Stockholders and any of their Affiliates, on the one hand, and the Company, on the other hand, except for the Standefer Loan as set forth in SECTION 5.13 hereof, which shall be paid in full on or before the Closing Date.
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