Common use of Intercompany Arrangements Clause in Contracts

Intercompany Arrangements. (a) Except as (i) otherwise contemplated by the Transaction Agreements, (ii) set forth in Schedule 7.07 or (iii) otherwise agreed by Seller and Buyer, Seller shall, and shall cause its Affiliates to, take such actions as may be necessary to terminate or commute prior to or concurrently with the Closing all Intercompany Agreements, after giving effect to Section 7.06, such that, following the Closing, the Acquired Companies shall have no further Liability under such Intercompany Agreements.

Appears in 2 contracts

Samples: Stock and Asset Purchase Agreement (Hartford Financial Services Group Inc/De), Stock and Asset Purchase Agreement

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Intercompany Arrangements. (a) Except as (i) as otherwise contemplated by this Agreement or the other Transaction Agreements, (ii) as set forth in on Schedule 7.07 7.7 or (iii) otherwise agreed by Seller for the Intercompany Notes and Buyerthe Support Agreements, the Seller shall, and shall cause its Affiliates to, take such actions as may be necessary to terminate or commute prior to or concurrently with the Closing Date all Intercompany AgreementsContracts, after giving effect to Section 7.06commitments and other instruments, such thatarrangements, following relationships and understandings between the ClosingCompanies, on the Acquired Companies shall have no further Liability under such Intercompany Agreementsone hand, and the Seller and its Affiliates (other than the Companies), on the other.

Appears in 1 contract

Samples: And Restated Stock Purchase Agreement (Pma Capital Corp)

Intercompany Arrangements. (a) Except as (i) otherwise contemplated by the Transaction Agreementsthis Agreement, (ii) set forth in Schedule 7.07 7.05 or (iii) otherwise agreed by Seller and Buyer, Seller shall, and shall cause its Affiliates to, take such actions as may be necessary to remove the Company as a party or terminate or commute prior to or concurrently with the Closing all Intercompany Agreements, after giving effect to Section 7.06, such that, following the Closing, the Acquired Companies shall have no further Liability under such Intercompany Agreements7.04.

Appears in 1 contract

Samples: Stock Purchase Agreement (US Alliance Corp)

Intercompany Arrangements. (a) Except as (i) otherwise contemplated by the Transaction Agreements, (ii) set forth in Schedule 7.07 7.06 or (iii) otherwise agreed by Seller and Buyer, AFG and Seller shall, and shall cause its their respective Affiliates to, take such actions as may be necessary to terminate or commute prior to or concurrently with the Closing Effective Time all Intercompany Agreements, after giving effect to Section 7.067.05, such that, following the ClosingEffective Time, the Acquired Companies shall have no further Liability under such Intercompany Agreements.

Appears in 1 contract

Samples: Stock Purchase Agreement (American Financial Group Inc)

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Intercompany Arrangements. (a) Except as (i) otherwise contemplated by the Transaction Agreements, (ii) set forth in Schedule 7.07 7.06 or (iii) otherwise agreed by Seller and Buyer, Seller shall, and shall cause its Affiliates to, take such actions as may be necessary to remove the Company as a party or terminate or commute prior to or concurrently with the Closing all Intercompany Agreements, after giving effect to Section 7.06, such that, following the Closing, the Acquired Companies shall have no further Liability under such Intercompany Agreements7.05.

Appears in 1 contract

Samples: Stock Purchase Agreement (United Fire Group Inc)

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