Examples of HBI Group in a sentence
The Xxxx Xxx Group and the HBI Group shall cooperate with each other and take all actions necessary to settle the intercompany accounts in accordance with Schedule 4.12.
In the event that at any time or from time to time (whether prior to, on or after the Separation Date), any party hereto (or any member of the Xxxx Xxx Group or the HBI Group, as applicable) shall receive or otherwise possess any Asset that is allocated to any other Person pursuant to this Agreement or any Ancillary Agreement, such party shall promptly transfer, or cause to be transferred, such Asset to the Person so entitled thereto.
For the period ending two (2) years from the Separation Date, Xxxx Xxx will continue to offer all employees and directors of the HBI Group on the date of product purchase, a discount on all Xxxx Xxx products purchased by such HBI Group employees or directors, which discount shall be equivalent to the Xxxx Xxx employee and director discount programs in effect with respect to Xxxx Xxx products as of the Separation Date.
HBI acknowledges that Xxxx Xxx or members of the Xxxx Xxx Group have entered into various arrangements in which Xxxx Xxx or members of the Xxxx Xxx Group issued or made available guarantees, sureties, bonds, letters of credit or similar instruments or are the primary obligors on other agreements, in any such case to support or facilitate the business transactions of members of HBI Group (the “Business Guarantees”).
Intercompany accounts outstanding between the Xxxx Xxx Group and the HBI Group shall be settled in accordance with Schedule 4.12.
Intercompany Indebtedness Any member of the HBI Group or the Sara Lee Group that has outstanding indebtedness owed to the other party that is reported on the following lines of Sara Lee’s internal EO-100 financial reporting statements will pay the outstanding amount to the applicable party by August 29, 2006: 21.0 Intercompany Receivable – Debt 21.02 Intercompany Receivable – Interest 31.01 Intercompany Payable – Debt 31.2 Intercompany Payable – Interest D.
Any member of the HBI Group that has an intercompany payable balance to any member of the Sara Lee Group that is reported on one of these lines will repay those payables by August 29, 2006.
Each of Xxxx Xxx and HBI hereby waives compliance by each member of their respective Group with the requirements and provisions of the “bulk-sale” or “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the transfer or sale of any or all of the Assets to any member of the Xxxx Xxx Group or HBI Group, as applicable.
Intercompany Royalties Any member of the HBI Group that pays royalties to any member of the Sara Lee Group will estimate the amount of royalties that would be due through the end of period 2 of fiscal year 2007 and pay this amount to the applicable member of the Sara Lee Group in August 2006.