Common use of Intercompany Payables and Receivables Clause in Contracts

Intercompany Payables and Receivables. All intercompany payables owing by any of the Partnership Entities to Seller or any of its affiliates, and all intercompany receivables owing by Seller or any of its affiliates to any Partnership Entities, shall be eliminated by Seller prior to Closing at no cost to the Partnership Entities.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Washington Prime Group Inc.)

Intercompany Payables and Receivables. All intercompany payables owing by any of the Partnership Entities to Seller or any of its affiliates, and all intercompany receivables owing by Seller or any of its affiliates to any Partnership Entities, shall be eliminated by Seller prior to Closing at no cost to the Partnership Entities and the Parallel Partnership Entities.

Appears in 1 contract

Sources: Purchase, Sale and Escrow Agreement (Washington Prime Group Inc.)