Confirmation of no outstanding Intra-group Indebtedness of Companies

From Seller to Buyer

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Description:

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.

Document Type:

Letter / e-mail / note / correspondence

Category:

Business > Debt / Equity Investment and Capital Raising > Mergers and Acquisitions / Completion Certificate

 
Keywords:

confirmation

,  

acknowledgement

,  

CP

,  

buyer

,  

seller

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purchaser

,  

vendor

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merger and acquisition

,  

sale and purchase

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M&A

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S&P

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indebtedness

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loan

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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.

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