Common use of Termination of Certain Intercompany Accounts Clause in Contracts

Termination of Certain Intercompany Accounts. Seller hereby agrees that effective as of the Closing, except for (i) the Ancillary Agreements and the other agreements and instruments required to be delivered pursuant hereto or thereto and (ii) the Contracts disclosed in Section 5.16 of the Seller Disclosure Letter, it shall take all necessary action to cause all Contracts, commitments or transactions, except for any trade accounts payable or trade accounts receivable, between the Business, on the one hand, and Seller and/or and any of its controlled Affiliates (other than the Acquired Companies and the Joint Ventures), on the other hand, to be terminated and cancelled without any further liability and obligation and to be of no further force or effect.

Termination of Certain Intercompany Accounts. Seller Sellers hereby agrees agree that effective as of the Closing, except for (i) the Ancillary Agreements and the other agreements and instruments required to be delivered pursuant hereto or thereto and (ii) the Contracts disclosed in Section 5.16 5.15 of the Seller Disclosure Letter, it shall take all necessary action to cause all Contracts, commitments commitments, transactions, Liabilities or transactionsindebtedness, except for any trade accounts payable or trade accounts receivablereceivable to the extent included in the calculation of Net Working Capital, between the Business, on the one hand, and Seller Sellers and/or and any of its controlled their respective Affiliates (other than the Acquired Companies and the Joint Ventures), on the other hand, to be terminated and cancelled without any further liability and obligation and to be of no further force or effect.