Common use of Certain Licenses and Permits Clause in Contracts

Certain Licenses and Permits. Without limiting the generality of the obligations set forth in Section 2.1(a), on or prior to the Distribution Date or as soon as reasonably practicable thereafter: (i) all transferable licenses, permits and authorizations issued by any Governmental Authority which do not relate primarily to the NMR Business but which are held in the name of the Corporation or any member of the NMR Group, or in the name of any employee, officer, director, stockholder or agent of the Corporation or any such member, or otherwise, on behalf of a member of the IMS HEALTH Group shall be duly and validly transferred or caused to be transferred by the Corporation to the appropriate member of the IMS HEALTH Group; and (ii) all transferable licenses, permits and authorizations issued by Governmental Authorities which relate primarily to the NMR Business but which are held in the name of any member of the IMS HEALTH Group, or in the name of any employee, officer, director, stockholder, or agent of any such member, or otherwise, on behalf of a member of the NMR Group shall be duly and validly transferred or caused to be transferred by IMS HEALTH to the Corporation or the appropriate member of the NMR Group.