Settlement of Intercompany Accounts. At or prior to the Closing and effective no later than the day immediately prior to the Closing Date, Seller shall cause all intercompany payables, receivables and loans between New England Gas Company or the Subsidiary relating to the Business, on the one hand, and Seller and its Affiliates (other than New England Gas Company and the Subsidiary) on the other hand, to be settled or cancelled.
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Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Southern Union Co), Purchase and Sale Agreement (Laclede Group Inc)
Settlement of Intercompany Accounts. At or prior to the Closing and effective no later than the day immediately prior to the Closing DateClosing, Seller shall cause all intercompany payables, receivables and loans between New England Gas Company or any of the Subsidiary Subsidiaries relating to the Business, on the one hand, and Seller and its Affiliates (other than New England Gas Company and the Subsidiary) Subsidiaries), on the other hand, to be settled or cancelled.
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