Confirmation / Acknowledgement of no intra-group indebtedness from the Seller to the Buyer in a sale and purchase of the Company.
We hereby acknowledge and confirm on our own behalf and as agent on behalf of each other member of the Retained Group that there are no outstanding Intra-Group Indebtedness (other than Intra-Group Trading Indebtedness) owing to any member of the Retained Group from any Group Company and, to the extent that any such outstanding amount or liability exists or may exist, the Seller, for itself and as agent for each other member of the Retained Group.
merger and acquisition,
sale and purchase,
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