Common use of Interim Basis Only Clause in Contracts

Interim Basis Only. Each Party acknowledges that the purpose of this Agreement is to provide Services to the other Party on an interim basis, until such Party can perform the Services for itself. Accordingly, at all times from and after the Effective Date, each of Seller and Purchaser shall use its respective commercially reasonable efforts to make or obtain any approvals, permits or licenses, implement any computer systems and take, or cause to be taken, any and all other actions necessary or advisable for it to provide the Services for itself as soon as reasonably practicable.

Appears in 3 contracts

Samples: Private Client Transition Services Agreement (Legg Mason Inc), Capital Markets Transition Services Agreement (Legg Mason Inc), Transition Services Agreement (Legg Mason Inc)

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Interim Basis Only. Each Party acknowledges that the purpose of this Agreement is to provide the IT Services to the other Party on an interim basis, until such Party can perform the Services for itself. Accordingly, at all times from and after the Effective Distribution Date, each of Seller and Purchaser Party shall use its respective commercially reasonable efforts to make or obtain any approvals, permits or licenses, implement any computer systems and take, or cause to be taken, any and all other actions necessary or advisable for it the Service Recipients to provide the IT Services for itself themselves as soon as reasonably practicablepracticable after the date of this Agreement.

Appears in 3 contracts

Samples: It Services Agreement (KLX Inc.), Separation and Distribution Agreement (KLX Inc.), It Services Agreement (KLX Inc.)

Interim Basis Only. Each Party acknowledges that the purpose of this Agreement is to provide Services to the other Party on an interim basis, until such Party can perform the Services for itself. Accordingly, at all times from and after the Effective Date, each of Seller and Purchaser Party receiving Services hereunder shall use its respective commercially reasonable efforts to make or obtain any approvals, permits or licenses, implement any computer systems and take, or cause to be taken, any and all other actions necessary or advisable for it to provide the such Services for itself as soon as reasonably practicable.commercially reasonably

Appears in 2 contracts

Samples: Transition Services Agreement (Primerica, Inc.), Transition Services Agreement (Primerica, Inc.)

Interim Basis Only. Each Party acknowledges that the purpose of this Agreement is to provide Services to the other Party on an interim basis, until such Party can perform the Services for itself. Accordingly, at all times from and after the Effective Date, each of Seller and Purchaser Buyer shall use its respective commercially reasonable efforts to make or obtain any approvals, permits or licenses, implement any computer systems and take, or cause to be taken, any and all other actions necessary or advisable for it to provide the Services for itself as soon as reasonably practicable.

Appears in 2 contracts

Samples: Share Purchase Agreement (Circor International Inc), Share Purchase Agreement (Colfax CORP)

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Interim Basis Only. Each Party acknowledges that the purpose of this Agreement is to provide Services to the other Party on an interim basis, until such Party can perform the Services for itself. Accordingly, at all times from and after the Effective Date, each of Seller and Purchaser Buyer shall use its respective commercially reasonable efforts to make or obtain any approvals, permits or licenses, implement any computer systems and take, or cause to be taken, any and all other actions necessary or advisable for it to provide the Services for itself as soon as reasonably practicable.. ARTICLE IV PAYMENT Section 4.1

Appears in 1 contract

Samples: Share Purchase Agreement

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