Common use of Leased Real Properties Clause in Contracts

Leased Real Properties. Ultra shall assign or otherwise Transfer to Delta or its designated Subsidiary, or cause its applicable Subsidiary to assign or otherwise Transfer to Delta or its designated Subsidiary, and Delta shall accept and assume, or cause its designated Subsidiary to accept and assume, all of Ultra’s or its Subsidiary’s rights, title, interests in and to, and Obligations under, the Leases (including thereunder, any right, title and interest in and to any security deposits and related interest posted in accordance with such Leases), subject to the other provisions of this Agreement and (to the extent not inconsistent with the provisions of this Agreement) the terms of the Separation and Distribution Agreement and the other Ancillary Agreements. The Parties shall use commercially reasonable efforts to effect such Transfer on or prior to the Distribution Date or as soon as practicable thereafter.

Leased Real Properties. Ultra Delta shall assign or otherwise Transfer to Delta Ultra or its designated Subsidiary, or cause its applicable Subsidiary to assign or otherwise Transfer to Delta Ultra or its designated Subsidiary, and Delta Ultra shall accept and assume, or cause its designated Subsidiary to accept and assume, all of UltraDelta’s or its Subsidiary’s rights, title, interests in and to, and Obligations under, the Leases (including thereunder, any right, title and interest in and to any security deposits and related interest posted in accordance with such Leases), subject to the other provisions of this Agreement and (to the extent not inconsistent with the provisions of this Agreement) the terms of the Separation and Distribution Agreement and the other Ancillary Agreements. The Parties shall use commercially reasonable efforts to effect such Transfer on or prior to the Distribution Date or as soon as practicable thereafter.