Common use of Termination of Intercompany Arrangements Clause in Contracts

Termination of Intercompany Arrangements. Effective at the Closing, other than any intercompany accounts which survive pursuant to Section 5.7, all arrangements, understandings or Contracts, including all obligations to provide goods, services or other benefits, by any member of the Parent Group, on the one hand, and any Transferred Entity on the other hand, shall be terminated without any party having any continuing obligations or Liability to the other, except for (a) this Agreement and the Ancillary Agreements and (b) the other arrangements, understandings or Contracts listed in Section 5.8 of the Parent Disclosure Schedule.

Appears in 2 contracts

Samples: Stock Purchase Agreement (CARRIER GLOBAL Corp), Stock Purchase Agreement (APi Group Corp)

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Termination of Intercompany Arrangements. Effective at the Closing, other than any intercompany accounts which survive pursuant to Section 5.7, all arrangements, understandings or Contracts, including all obligations to provide goods, services or other benefits, by any member of the Parent GroupGroup (other than the Transferred Entities), on the one hand, and any Transferred Entity on the other hand, that are not otherwise covered under Section 6.8, shall be terminated without any party having any continuing obligations or Liability to the other, except for (a) this Agreement and the Ancillary Agreements and (b) the other arrangements, understandings or Contracts listed in Section 5.8 6.9 of the Parent Disclosure Schedule.. Section 6.10

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Peloton Interactive, Inc.)

Termination of Intercompany Arrangements. Effective at the Closing, other than any intercompany accounts which survive pursuant to Section 5.7, all arrangements, understandings or Contracts, including all obligations to provide goods, services or other benefits, by any member of the Parent GroupGroup (other than the Transferred Entities), on the one hand, and any Transferred Entity Entity, on the other hand, that are not otherwise covered under Section 6.8, shall be terminated without any party having any continuing obligations or Liability to the other, except for (a) this Agreement and the Ancillary Agreements Agreement and (b) the other arrangements, understandings or Contracts listed in Section 5.8 6.9 of the Parent Disclosure Schedule.

Appears in 1 contract

Samples: Stock Purchase Agreement (Carlisle Companies Inc)

Termination of Intercompany Arrangements. Effective at the Closing, other than any intercompany accounts which survive pursuant to governed by Section 5.7, all arrangements, understandings or Contracts, including all obligations to provide goods, services or other benefits, by any member of the Parent Group, on the one hand, and any Transferred Entity Company on the other hand, shall be terminated without any party having any continuing obligations or Liability to the other, except for (a) this Agreement and the Ancillary Agreements and (b) the other arrangements, understandings or Contracts listed in Section 5.8 5.9 of the Parent Seller Disclosure Schedule.

Appears in 1 contract

Samples: Stock Purchase Agreement (Middleby Corp)

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Termination of Intercompany Arrangements. Effective at the Closing, other than any intercompany accounts which survive pursuant to Section 5.7, all arrangements, understandings or Contracts, including all obligations to provide goods, services or other benefits, by any member of the Parent Group, on the one hand, and any Transferred Entity Company and/or its Subsidiaries on the other hand, shall be terminated without any party having any continuing obligations or Liability Liabilities to the other, except for (ai) this Agreement and the Ancillary Agreements Agreements, and (bii) the other arrangements, understandings or Contracts listed in Section 5.8 of the Parent Seller Disclosure Schedule.

Appears in 1 contract

Samples: Purchase and Sale Agreement (United Technologies Corp /De/)

Termination of Intercompany Arrangements. Effective at the Closing, other than any intercompany accounts which survive pursuant to Section 5.7, all arrangements, understandings or Contracts, including all obligations to provide goods, services or other benefitsbenefits or powers of attorney granted by a Transferred Entity to Parent or its Affiliates (other than the Transferred Entities), by any member of the Parent Group, on the one hand, and any Transferred Entity Entity, on the other hand, shall be terminated without any party having any continuing obligations or Liability to the other, except for (a) this Agreement and the Ancillary Agreements and (b) the other arrangements, understandings or Contracts listed in Section 5.8 of the Parent Disclosure Schedule.

Appears in 1 contract

Samples: Stock Purchase Agreement (CARRIER GLOBAL Corp)

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