Settlement of Intercompany Accounts. (a) Shortly prior to the Closing Date, Platinum US shall remit to St. Xxxx and any Post-Closing Subsidiaries of St. Xxxx, as applicable, all amounts estimated to be owing as of the Closing Date by Platinum US to St. Xxxx or such Post-Closing Subsidiaries, and St. Xxxx and all Post-Closing Subsidiaries of St. Xxxx, as applicable, shall remit to Platinum US all amounts estimated to be owing as of the Closing Date by St. Xxxx or such Post-Closing Subsidiaries of St. Xxxx to Platinum US.
Appears in 3 contracts
Samples: Formation and Separation Agreement (Platinum Underwriters Holdings LTD), Formation and Separation Agreement (Platinum Underwriters Holdings LTD), Formation and Separation Agreement (Platinum Underwriters Holdings LTD)
Settlement of Intercompany Accounts. (a) Shortly prior to the Closing Date, Platinum US shall remit to St. Xxxx and any Post-Closing closing Subsidiaries of St. Xxxx, as applicable, all amounts estimated to be owing as of the Closing Date by Platinum US to St. Xxxx or such Post-Closing closing Subsidiaries, and St. Xxxx and all Post-Closing closing Subsidiaries of St. Xxxx, as applicable, shall remit to Platinum US all amounts estimated to be owing as of the Closing Date by St. Xxxx or such Post-Closing closing Subsidiaries of St. Xxxx to Platinum US.
Appears in 1 contract
Samples: Formation and Separation Agreement (Platinum Underwriters Holdings LTD)
