Intercompany Indebtedness. Immediately prior to the Closing, Seller shall contribute to the Companies, as a capital contribution in respect of the Shares of the relevant Company, all indebtedness owed by such Company or any of its Subsidiaries to GEC, Seller or any of their Affiliates that has not been repaid by such Company or its Subsidiary prior to the Closing, if any. In addition, immediately prior to the Closing, any indebtedness owed by Seller or its Affiliates (other than the Companies or any of their Subsidiaries) to the Companies or any of their Subsidiaries that has not been repaid by the Seller or its Affiliates prior to the Closing, shall be satisfied.
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Samples: Stock Purchase Agreement (Interval Leisure Group, Inc.), Stock Purchase Agreement (Gaylord Entertainment Co /De), Stock Purchase Agreement (Interval Leisure Group, Inc.)
Intercompany Indebtedness. Immediately prior to the Closing, Seller and its Affiliates shall contribute to the Companies, Company as a capital contribution in respect of the Shares of the relevant CompanyShares, all indebtedness owed by such the Company or any of its the Mainland Subsidiaries to GEC, Seller or any of their Affiliates that has not been repaid by such the Company or its the Mainland Subsidiary prior to the Closing, if any. In addition, immediately prior to the Closing, any indebtedness owed by Seller or its Affiliates (other than the Companies Company or any of their its Subsidiaries) to the Companies Company or any of their its Subsidiaries that has not been repaid by the Seller or its Affiliates prior to the Closing, shall be satisfied.
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