Settlement of Inter-Company Accounts Sample Clauses

Settlement of Inter-Company Accounts. Other than as set forth on Schedule 9.03, which shall be updated as of the Closing Date (provided that no such post-execution update shall reflect any material adverse effect upon the financial position of the Companies taken as a whole), all of the inter-company accounts between DIMON, on the one hand, and Florimex Germany or any of the Companies, on the other hand, will be finally settled and extinguished on or before the Closing Date, which settlement shall not have had a material adverse effect upon the financial position of the Companies taken as a whole. The items listed on Schedule 9.03 shall be settled after the Closing in a manner consistent with past practices of DIMON, Florimex Germany and the Companies, provided that the Buyers shall not be required to make any such post-closing settlement of the inter-company accounts to the extent that such settlement could reasonably be expected to have a material adverse effect on the financial position of the Companies taken as a whole.
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Settlement of Inter-Company Accounts. Except as set forth in Section 5.20, at or prior to the Closing, the Sellers shall cause the Company to pay to the Sellers, their Affiliates or Related Parties all amounts anticipated to be then due as of the Closing, including merchandise purchased or services provided which have not been billed to the Company as of the Closing, under stated terms by the Company to the respective Sellers, their Affiliates or Related Parties, under inter-company accounts for merchandise purchased through, or services provided by, the Sellers, their Affiliates or Related Parties, or otherwise owed by the Company to the Sellers, their Affiliates or Related Parties. Likewise, at or prior to the Closing, the Sellers shall pay and shall cause any and all of their Affiliates and Related Parties to pay to the Company or the Subsidiaries all amounts owed and outstanding to the Company or the Subsidiaries (including, without limitation, any amounts due and payable between the Company or any of the Subsidiaries and Aerolineas Morelia).
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Settlement of Inter-Company Accounts. 23 Section 9.04. Fulfillment of Conditions..................23
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Settlement of Inter-Company Accounts. DFCO and SLVG agree that the accounts being transferred between the two companies as listed on SCHEDULE 1 total eight million and sixty thousand dollars ($8,060,000.00) due SLVG.
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Settlement of Inter-Company Accounts. 15.10.1 Winterthur shall procure that Winterthur's Accountants shall, on or before 31 August 2001, calculate: (i) the aggregate amounts in the Inter-Company Accounts which are receivable by any Group Company from any member of the CS Group; and (ii) the aggregate amounts in the Inter-Company Accounts which are receivable by any member of the CS Group from any Group Company, and Winterthur shall provide a certificate to XL Insurance detailing each of the aggregate amounts referred to in (i) and (ii) above.
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Settlement of Inter-Company Accounts. All inter-company payables owing to Seller from the Company or to the Company from Seller (after crediting the payment described in Section 3.5) shall be cancelled on the Closing Date.
Sample 1

Related to Settlement of Inter-Company Accounts

  • Settlement of Intercompany Accounts Each Intercompany Account outstanding immediately prior to the Effective Time, will be satisfied and/or settled in full in cash or otherwise cancelled and terminated or extinguished by the relevant members of the Ensign Group and the Pennant Group prior to the Effective Time, in each case, in the manner agreed to by the Parties.

  • Intercompany Accounts 39 SECTION 3.31

  • Management Accounts The Management Accounts:

  • Settlement of Accounts (a) On or before each Determination Date, the Servicer shall deliver, (i) to the Owner Trustee, the Settlor, the Lender, the Administrative Agent and the Collateral Agent, a monthly report with respect to the Lending Facility Pool (the “Monthly Lending Facility Pool Report”) and (ii) except as otherwise provided in the related Servicing Supplement, to the each related Secured Party, a monthly report with respect to each Designated Pool (each, a “Monthly Exchange Note Report”), in each case, documenting, as applicable, (A) all advances to be made to, and distributions (including Servicer reimbursements) to be made from, the related Collection Account or (B) the manner in which the Servicer will apply all collections on the related Pool received by the Servicer on or prior to the next Payment Date.

  • Settlement Account Money debited to the Capital Account in respect of the cost of purchases made on the Client's behalf and money received and receivable upon settlement of each sale made on the Client's behalf will be credited to this account and held there until the relevant settlement date.

  • 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.

  • 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;

  • 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.

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

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

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