Common use of Cash Pooling Arrangements Clause in Contracts

Cash Pooling Arrangements. The Acquired Companies (other than the Javelina Partnerships) participate in the Cash Pooling Arrangements. At Closing, such Acquired Companies will cease participation in the Cash Pooling Arrangements, and thereafter all accounts receivable and accounts payable of such Acquired Companies will be received and paid by such Acquired Companies (or as otherwise directed by the Buyer). All accounts receivable and accounts payable of any such Acquired Company with any Seller Affiliate, to the extent not actualized and settled in the Cash Pooling Arrangements as of the Closing Date, will survive the Closing and be paid as actualized in the normal course of business. Any such accounts will be included in the calculation of Working Capital.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Markwest Hydrocarbon Inc), Purchase and Sale Agreement (Markwest Energy Partners L P)

Cash Pooling Arrangements. The Acquired Companies (other than the Javelina Partnerships) participate in the Cash Pooling Arrangements. At Closing, such the Acquired Companies will cease participation in the Cash Pooling Arrangements, and thereafter all accounts receivable and accounts payable of such Acquired Companies will be received and paid by such the Acquired Companies (or as otherwise directed by the Buyer). All accounts receivable and accounts payable of any such Acquired Company with any Seller Affiliate, to the extent not actualized and settled in the Cash Pooling Arrangements as of the Closing Date, will survive the Closing and be paid as actualized in the normal course of business. Any such accounts will be included in the calculation of Working Capital.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Crosstex Energy Lp)