Common use of Elimination of Intercompany Accounts Clause in Contracts

Elimination of Intercompany Accounts. Seller, on behalf of itself and its Affiliates (including the Acquired Companies), hereby settles and eliminates, by cancellation or transfer to or from the Acquired Companies or otherwise (whether to cancel, transfer or implement any other method of settlement or elimination and the manner thereof will be determined by Seller in its sole discretion), effective as of the Effective Time, all intercompany receivables, payables and other balances (including intercompany cash management balances) between Seller or any of its Affiliates (other than the Acquired Companies), on the one hand, and the Acquired Companies, on the other hand, in existence as of the Effective Time. Notwithstanding the foregoing, the provisions of this Section 8.16 will not apply to any intercompany receivables, payables and other balances arising under this Agreement or any Ancillary Agreement, including those arising under Section 8.8. SECTION 8.17

Elimination of Intercompany Accounts. Seller, on behalf of itself and its Affiliates (including the Acquired Companies), hereby settles and eliminates, by cancellation or transfer to or from the Acquired Companies or otherwise (whether to cancel, transfer or implement any other method of settlement or elimination and the manner thereof will be determined by Seller in its sole discretion), effective as of the Effective Time, all intercompany receivables, payables and other balances (including intercompany cash management balances) between Seller or any of its Affiliates (other than the Acquired Companies), on the one hand, and the Acquired Companies, on the other hand, in existence as of the Effective Time. Notwithstanding the foregoing, the provisions of this Section 8.16 will not apply to any intercompany receivables, payables and other balances arising under this Agreement or any Ancillary Agreement, including those arising under Section 8.8. SECTION 8.17.