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.
Appears in 3 contracts
Samples: Master Separation Agreement (Pennant Group, Inc.), Separation Agreement (Ensign Group, Inc), Master Separation Agreement (Pennant Group, Inc.)
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 HCP Group and the Pennant QCP Group prior to the Effective Time, in each case, in the manner agreed to by the Parties.
Appears in 2 contracts
Samples: Separation and Distribution Agreement (Hcp, Inc.), Separation and Distribution Agreement (Quality Care Properties, Inc.)
Settlement of Intercompany Accounts. Each Intercompany Account outstanding immediately prior to the Effective TimeDistribution Date, 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 CareTrust Group prior to the Effective Time, in each case, in the manner agreed to by the Parties.
Appears in 1 contract
Samples: Separation and Distribution Agreement (CareTrust REIT, Inc.)
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 CareTrust Group prior to the Effective Time, in each case, in the manner agreed to by the Parties.
Appears in 1 contract
Samples: Separation and Distribution Agreement (CareTrust REIT, Inc.)
Settlement of Intercompany Accounts. Each Intercompany Account outstanding immediately prior to the Effective Time, Distribution Date will be satisfied and/or settled in full in cash or otherwise cancelled and terminated or extinguished by the relevant members of the Ensign Utility Group and the Pennant Bank Group prior to or as promptly as reasonably practicable after the Effective Distribution Time, in each case, case in the manner agreed to by the Parties.
Appears in 1 contract
Samples: Separation and Distribution Agreement (ASB Hawaii, Inc.)
