Intercompany Arrangements definition
Examples of Intercompany Arrangements in a sentence
Except as set forth on Schedule 3.04, at or before the Effective Time, Extendicare shall cause all intercompany indebtedness (which shall include payables and receivables) between any ALC Company or any operating unit of any ALC Company, on the one hand, and any member of the Extendicare Group or any operating unit thereof (other than any ALC Company or operating unit thereof), on the other hand, including any indebtedness under the Intercompany Arrangements, to be settled.
No such terminated Intercompany Arrangement (including any provisions thereof that purport to survive termination) shall be of any further force or effect after the Effective Time, and all amounts under such Intercompany Arrangements that are unbilled and have not been charged to the related Contract, arrangement, commitment or undertaking as of the Effective Time shall be settled upon the Effective Time and the parties shall be released from all future Liabilities thereunder.
The Sellers and the Centralising Unit have entered into the Intercompany Arrangements, which provide, among other things, for the allocation of all sums due and/or received in connection with the Transaction Documents to which each Seller and the Centralising Unit is a party.
All obligations to make payments that were due and owing under all Intercompany Arrangements in existence on August 31, 2008 (other than those listed on Schedule 6.1) were paid in full on or prior to the Effective Date.
Upon consummation of the transactions contemplated by this Agreement, taking into account all of the Form Ancillary Documents (or, as of the Closing, the Final Ancillary Documents) and any Intercompany Arrangements set forth on Section 5.9 of the Seller Disclosure Letter, the Company will own or have the right to use all of the assets, properties and rights necessary to conduct in all material respects the business of the Company as it is currently being conducted.