Intercompany Accounts. (a) Each Intercompany Account (other than those set forth on Schedule 2.4(a)) which exists and is reflected immediately prior to the Effective Time in any general ledger account or other Records of Dover, Apergy or any of their respective Affiliates, shall be satisfied and/or settled by the relevant members of the Dover Group and the Apergy Group no later than the Effective Time by (i) forgiveness by the relevant obligee, (ii) one or a related series of distributions of and/or contributions to capital, (iii) payment by the relevant obligor to the relevant obligee, or (iv) dividends or a combination of the foregoing, in each case as determined by Dover.
Appears in 4 contracts
Samples: Separation and Distribution Agreement (Apergy Corp), Separation and Distribution Agreement (Apergy Corp), Separation and Distribution Agreement (DOVER Corp)
Intercompany Accounts. (a) Each Intercompany Account (other than those set forth on Schedule 2.4(a)) which exists and is reflected immediately prior to the Effective Time in any general ledger account or other Records of Dover, Apergy Xxxxxxx or any of their respective Affiliates, shall be satisfied and/or settled by the relevant members of the Dover Group and the Apergy Xxxxxxx Group no later than the Effective Time by (i) forgiveness by the relevant obligee, (ii) one or a related series of distributions of and/or contributions to capital, (iii) payment by the relevant obligor to the relevant obligee, or (iv) dividends or a combination of the foregoing, in each case as determined by Dover.
Appears in 4 contracts
Samples: Separation and Distribution Agreement (Knowles Corp), Separation and Distribution Agreement (Knowles Corp), Separation and Distribution Agreement (DOVER Corp)
