Intercompany Payables. Except as provided in Section 6.2(b), all intercompany payables and loans owed to Liberty or its Subsidiaries (except for those Subsidiaries related to the Splitco Business), on the one hand, by an entity that is part of the Splitco Business, on the other hand, shall, prior to or at the Split-Off Effective Time, be canceled or extinguished without payment therefor being made.
Appears in 2 contracts
Sources: Merger Agreement (Directv Group Inc), Merger Agreement (Liberty Entertainment, Inc.)