Allocation of Relative Fault. Solely for purposes of determining relative fault pursuant to this Section 4.8: (i) any fault associated with (A) the business conducted with the Delayed Assets or Delayed Liabilities of Carrier or Otis (except for the gross negligence or intentional misconduct of (1) a member of the UTC Group or (2) (x) in the case of the business conducted with the Delayed Assets or Delayed Liabilities of Carrier, a member of the Otis Group, or (y) in the case of the business conducted with the Delayed Assets or Delayed Liabilities of Otis, a member of the Carrier Group) or (B) the ownership, operation or activities of the Carrier Business or Xxxx Business prior to the Effective Time shall be deemed to be the fault of Carrier and the other members of the Carrier Group or Otis and the other members of the Otis Group, respectively, and no such fault shall be deemed to be the fault of (1) UTC or any other member of the UTC Group or (2) (x) in the case of the ownership, operation or activities of the Carrier Business, Otis or any other member of the Otis Group or (y) in the case of the ownership, operation or activities of the Xxxx Business, Carrier or any other member of the Carrier Group; and (ii) any fault associated with (A) the business conducted with Delayed Assets or Delayed Liabilities of UTC (except for the gross negligence or intentional misconduct of a member of the Carrier or Otis Group) or (B) the ownership, operation or activities of the UTC Business prior to the Effective Time shall be deemed to be the fault of UTC and the other members of the UTC Group, and no such fault shall be deemed to be the fault of Xxxxxxx, Xxxx or any other member of their respective Groups.
Appears in 7 contracts
Samples: Separation and Distribution Agreement (Raytheon Technologies Corp), Separation and Distribution Agreement (Otis Worldwide Corp), Separation and Distribution Agreement (Carrier Global Corp)
Allocation of Relative Fault. Solely for purposes of determining relative fault pursuant to this Section 4.84.7: (i) any fault associated with (A) the business conducted with the Delayed Assets or Delayed Liabilities of Carrier or Otis (except for fault attributable to the gross negligence or intentional misconduct of (1) a member of the UTC Group or (2) (x) in the case of Xxxxxxx Controls Group, any fault associated with the business conducted with the Delayed Adient Assets or Delayed Adient Liabilities of Carrier, a member of the Otis Group, or (y) in the case of the business conducted with the Delayed Assets or Delayed Liabilities of Otis, a member of the Carrier Group) or (B) the ownership, operation or activities of the Carrier Business or Xxxx Adient Business prior to the Effective Time shall be deemed to be the fault of Carrier Adient and the other members of the Carrier Group or Otis and the other members of the Otis Group, respectively, and no such fault shall be deemed to be the fault of (1) UTC or any other member of the UTC Group or (2) (x) in the case of the ownership, operation or activities of the Carrier Business, Otis or any other member of the Otis Group or (y) in the case of the ownership, operation or activities of the Xxxx Business, Carrier or any other member of the Carrier Group; and (ii) any fault associated with (A) the business conducted with Delayed Assets or Delayed Liabilities of UTC (except for the gross negligence or intentional misconduct of a member of the Carrier or Otis Group) or (B) the ownership, operation or activities of the UTC Business prior to the Effective Time shall be deemed to be the fault of UTC and the other members of the UTC Adient Group, and no such fault shall be deemed to be the fault of Xxxxxxx, Xxxx Xxxxxxx Controls or any other member of their respective Groupsthe Xxxxxxx Controls Group; (ii) except for fault attributable to the gross negligence or intentional misconduct of a member of the Adient Group, any fault associated with the business conducted with Delayed Xxxxxxx Controls Assets or Delayed Xxxxxxx Controls Liabilities shall be deemed to be the fault of Xxxxxxx Controls and the other members of the Xxxxxxx Controls Group, and no such fault shall be deemed to be the fault of Adient or any other member of the Adient Group; (iii) any fault associated with the ownership, operation or activities of the Xxxxxxx Controls Business prior to or after the Effective Time shall be deemed to be the fault of Xxxxxxx Controls and the other members of the Xxxxxxx Controls Group, and no such fault shall be deemed to be the fault of Adient or any other member of the Adient Group; and (iv) any fault associated with the ownership, operation or activities of the Adient Business prior to or after the Effective Time shall be deemed to be the fault of Adient and the other members of the Adient Group, and no such fault shall be deemed to be the fault of Xxxxxxx Controls or any other member of the Xxxxxxx Controls Group.
Appears in 3 contracts
Samples: Separation and Distribution Agreement (Adient LTD), Separation and Distribution Agreement (Johnson Controls International PLC), Separation and Distribution Agreement (Adient LTD)
Allocation of Relative Fault. Solely for purposes of determining relative fault pursuant to this Section 4.85.7: (i) any fault associated with (A) the business conducted with the Delayed BellRing Assets or Delayed BellRing Liabilities of Carrier or Otis (except for the gross negligence or intentional misconduct of (1) a member of the UTC Group or (2) (x) in the case of the business conducted with the Delayed Assets or Delayed Liabilities of Carrier, a member of the Otis Group, or (y) in the case of the business conducted with the Delayed Assets or Delayed Liabilities of Otis, a member of the Carrier Post Group) or (B) with the ownership, operation or activities of the Carrier Business or Xxxx BellRing Business prior to the Effective Time shall be deemed to be the fault of Carrier BellRing LLC and the other members of the Carrier Group or Otis and the other members of the Otis BellRing Group, respectively, and no such fault shall be deemed to be the fault of (1) UTC Post or any other member of the UTC Group or (2) (x) in the case of the ownership, operation or activities of the Carrier Business, Otis or any other member of the Otis Group or (y) in the case of the ownership, operation or activities of the Xxxx Business, Carrier or any other member of the Carrier Post Group; and (ii) any fault associated with (A) the business conducted with Delayed Post Assets or Delayed Post Liabilities of UTC (except for the gross negligence or intentional misconduct of BellRing Inc. or a member of the Carrier or Otis BellRing Group) shall be deemed to be the fault of Post and the other members of the Post Group, and no such fault shall be deemed to be the fault of BellRing Inc., BellRing LLC or any other member of the BellRing Group; and (Biii) any fault associated with the ownership, operation or activities of the UTC Post Business prior to the Effective Time shall be deemed to be the fault of UTC Post and the other members of the UTC Post Group, and no such fault shall be deemed to be the fault of XxxxxxxBellRing Inc., Xxxx BellRing LLC or any other member of their respective Groupsthe BellRing Group.
Appears in 2 contracts
Samples: Master Transaction Agreement (Bellring Brands, Inc.), Master Transaction Agreement (Bellring Brands, Inc.)