Common use of Conditions Precedent to Consummation of the Separation Clause in Contracts

Conditions Precedent to Consummation of the Separation. Subject to Section 4.04, as soon as practicable after the execution of this Agreement, the Parties shall use reasonable best efforts to satisfy the following conditions prior to the consummation of the Separation (to the extent not already satisfied). The obligations of the Parties to consummate the Separation shall be conditioned on the satisfaction, or waiver by Ashland Global, of the following conditions:

Appears in 3 contracts

Samples: Separation Agreement (Ashland LLC), Separation Agreement (Valvoline Inc), Separation Agreement (Valvoline Inc)

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Conditions Precedent to Consummation of the Separation. Subject to Section 4.04., as soon as practicable after the execution of this Agreement, the Parties shall use reasonable best efforts to satisfy the following conditions prior to the consummation of the Separation (to the extent not already satisfied). The obligations of the Parties to consummate the Separation shall be conditioned on the satisfaction, or waiver by Ashland Global, of the following conditions:

Appears in 1 contract

Samples: Separation Agreement (Valvoline Inc)

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