Common use of Intra-Group Services Clause in Contracts

Intra-Group Services. Amend the definition of Intra-Group Services in Clause 1.1 (Definitions): (a) insert “, including stock and other incentive plans” into limb (c)(ii) after “other benefits”; (b) delete limb (c)(iv) and replace with the following: 66 R&G note – language to be included once Affiliate Subsidiary Release concept is included from previous set of UPC creepers “(iv) the provision of treasury, audit, accounting, banking, strategy, IT, branding, marketing, network, technology, research and development, installation and customer service, telephony, office, administrative, compliance, payroll or other similar services; and”; (c) delete “, in the ordinary course of business and on terms not materially less favourable to the relevant member of the Borrower Group than arms’ length terms,” in limb (d).

Intra-Group Services. Amend the definition of Intra-Group Services in Clause 1.1 (Definitions): (a) insert “, including stock and other incentive plans” into limb (c)(ii) after “other benefits”; (b) delete limb (c)(iv) and replace with the following: 66 44 R&G note – language to be included once Affiliate Subsidiary Release concept is included from previous set of UPC creepers “(iv) the provision of treasury, audit, accounting, banking, strategy, IT, branding, marketing, network, technology, research and development, installation and customer service, telephony, office, administrative, compliance, payroll or other similar services; and”; (c) delete “, in the ordinary course of business and on terms not materially less favourable to the relevant member of the Borrower Group than arms’ length terms,” in limb (d).

Intra-Group Services. Amend the definition of Intra-Group Services in Clause 1.1 (Definitions): (a) insert “, including stock and other incentive plans” into limb (c)(ii) after “other benefits”; (b) delete limb (c)(iv) and replace with the following: 66 2222 R&G note – language to be included once Affiliate Subsidiary Release concept is included from previous set of UPC creepers “(iv) the provision of treasury, audit, accounting, banking, strategy, IT, branding, marketing, network, technology, research and development, installation and customer service, telephony, office, administrative, compliance, payroll or other similar services; and”; (c) delete “, in the ordinary course of business and on terms not materially less favourable to the relevant member of the Borrower Group than arms’ length terms,” in limb (d).