Common use of Settlement of Intercompany Accounts Clause in Contracts

Settlement of Intercompany Accounts. (a) Settlement of Intercompany Accounts Between LifePoint Group ----------------------------------------------------------- and Columbia/HCA Group. All intercompany receivables, payables and loans ---------------------- (other than receivables, payables and loans otherwise specifically provided for in any of the Ancillary Agreements or hereunder), including, without limitation, in respect of any cash balances, any cash balances representing deposited checks or drafts for which only a provisional credit has been allowed or any cash held in any centralized cash management system, between the LifePoint Group, on the one hand, and the Columbia/HCA Group, on the other hand, shall, as of the close of business on the Distribution Date, be settled, capitalized or converted into ordinary trade accounts, in each case as may be agreed in writing prior to the Distribution Date by duly authorized representatives of the Columbia/HCA Group and the LifePoint Group. (b) Settlement of Intercompany Accounts Between Triad Group and ----------------------------------------------------------- Columbia/HCA Group. All intercompany receivables, payables and loans (other ------------------ than receivables, payables and loans otherwise specifically provided for in any of the Ancillary Agreements or hereunder), including, without limitation, in respect of any cash balances, any cash balances representing deposited checks or drafts for which only a provisional credit has been allowed or any cash held in any centralized cash management system, between the Triad Group, on the one hand, and the Columbia/HCA Group, on the other hand, shall, as of the close of business on the Distribution Date, be settled, capitalized or converted into ordinary trade accounts, in each case as may be agreed in writing prior to the Distribution Date by duly authorized representatives of the Columbia/HCA Group and the Triad Group. (c) Settlement of Intercompany Accounts Between LifePoint Group ----------------------------------------------------------- and Triad Group. All intercompany receivables, payables and loans (other --------------- than receivables, payables and loans otherwise specifically provided for in any of the Ancillary Agreements or hereunder), including, without limitation, in respect of any cash balances, any cash balances representing deposited checks or drafts for which only a provisional credit has been allowed or any cash held in any centralized cash management system, between the LifePoint Group, on the one hand, and the Triad Group, on the other hand, shall, as of the close of business on the Distribution Date, be settled, capitalized or converted into ordinary trade accounts, in each case as may be agreed in writing prior to the Distribution Date by duly authorized representatives of the LifePoint Group and the Triad Group.

Settlement of Intercompany Accounts. (a) Settlement of Intercompany Accounts Between LifePoint Group ----------------------------------------------------------- and Columbia/HCA Group. All intercompany receivables, payables and loans ---------------------- (other than receivables, payables and loans otherwise specifically provided for in any of the Ancillary Agreements or hereunder), including, without limitation, in respect of any cash balances, any cash balances representing deposited checks or drafts for which only a provisional credit has been allowed or any cash held in any centralized cash management system, between the LifePoint Group, on the one hand, and the Columbia/HCA Group, on the other hand, shall, as of the close of business on the Distribution Date, be settled, capitalized or converted into ordinary trade accounts, in each case as may be agreed in writing prior to the Distribution Date by duly authorized representatives of the Columbia/HCA Group and the LifePoint Group. (b) Settlement of Intercompany Accounts Between Triad Group and ----------------------------------------------------------- Columbia/HCA Group. All intercompany receivables, payables and loans (other ------------------ than receivables, payables and loans otherwise specifically provided for in any of the Ancillary Agreements or hereunder), including, without limitation, in respect of any cash balances, any cash balances representing deposited checks or drafts for which only a provisional credit has been allowed or any cash held in any centralized cash management system, between the Triad Group, on the one hand, and the Columbia/HCA Group, on the other hand, shall, as of the close of business on the Distribution Date, be settled, capitalized or converted into ordinary trade accounts, in each case as may be agreed in writing prior to the Distribution Date by duly authorized representatives of the Columbia/HCA Group and the Triad Group. (c) Settlement of Intercompany Accounts Between LifePoint Group ----------------------------------------------------------- and Triad Group. All intercompany receivables, payables and loans (other --------------- than receivables, payables and loans otherwise specifically provided for in any of the Ancillary Agreements or hereunder), including, without limitation, in respect of any cash balances, any cash balances representing deposited checks or drafts for which only a provisional credit has been allowed or any cash held in any centralized cash management system, between the LifePoint Group, on the one hand, and the Triad Group, on the other hand, shall, as of the close of business on the Distribution Date, be settled, capitalized or converted into ordinary trade accounts, in each case as may be agreed in writing prior to the Distribution Date by duly authorized representatives of the LifePoint Group and the Triad Group.