Common use of Intra-Group Services Clause in Contracts

Intra-Group Services. amend the definition of Intra-Group Services under the Credit Agreement to be consistent with the Liberty Global Reference Agreement referred to at limb (viii) of that definition by: (i) amending the following language to the lead-in to that definition: “(provided that the terms of each such transaction are not materially less favourable, taken as a whole, to the Company, the Affiliate Issuer or any member of the Bank Group, as the case may be, than those that could be obtained in a comparable transaction in arm’s length dealings with a Person that is not an Affiliate)”; (ii) amending paragraph (c) of the definition of Intra-Group Services to remove the words “provided that the consideration for the provision thereof is, in the reasonable opinion of the Company, no less than Cost”; and 60449431_12 (iii) deleting the words “on arms’ length terms” in paragraph (a) of the definition of Intra-Group Services.

Appears in 1 contract

Sources: Additional Facility Accession Deed (Liberty Global PLC)

Intra-Group Services. amend the definition of Intra-Group Services under the Credit Agreement to be consistent with the Liberty Global Reference Agreement referred to at limb (viii) of that definition by: (i) amending the following language to the lead-in to that definition: “(provided that the terms of each such transaction are not materially less favourable, taken as a whole, to the Company, the Affiliate Issuer or any member of the Bank Group, as the case may be, than those that could be obtained in a comparable transaction in arm’s length dealings with a Person that is not an Affiliate)”; (ii) amending paragraph (c) of the definition of Intra-Group Services to remove the words “provided that the consideration for the provision thereof is, in the reasonable opinion of the Company, no less than Cost”; and 60449431_1259880271_10 (iii) deleting the words “on arms’ length terms” in paragraph (a) of the definition of Intra-Group Services.

Appears in 1 contract

Sources: Additional Facility Accession Deed (Liberty Global PLC)