Common use of Diversion of Interests or Disputes Clause in Contracts

Diversion of Interests or Disputes. In the event the interests of RemainCo and SpinCo with respect to the BSI Litigation and Article IX Third Party Claims are no longer mutual, common and consistent with each other or in the event a dispute between RemainCo and SpinCo arises under this Article IX, the obligation to share Privileged Joint Defense Material shall cease. Previously exchanged Privileged Joint Defense Material may be used, if and only if both parties consent, in any proceeding instituted to resolve such a dispute to the extent such information is relevant to the resolution of that dispute. In the event both parties consent and such information is used, such information shall remain privileged and confidential as against third parties and the parties shall take all steps necessary to preserve that privilege and confidentiality.

Appears in 6 contracts

Samples: Distribution Agreement (Batesville Holdings, Inc.), Distribution Agreement (Hillenbrand, Inc.), Distribution Agreement (Batesville Holdings, Inc.)

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