Common use of Misallocated Assets Clause in Contracts

Misallocated Assets. In the event that at any time or from time to time (whether prior to, on or after the Separation Date), any party hereto (or any member of such party's respective Group), shall receive or otherwise possess any Asset that is allocated to any other Person pursuant to this Agreement or any Ancillary Agreement, such party shall promptly transfer, or cause to be transferred, such Asset to the Person so entitled thereto. Prior to any such transfer, the Person receiving or possessing such Asset shall hold such Asset in trust for any such other Person.

Appears in 9 contracts

Samples: General Assignment and Assumption Agreement (Palm Inc), General Assignment and Assumption Agreement (Snap Appliances Inc), General Assignment and Assumption Agreement (3com Corp)

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Misallocated Assets. In the event that If, at any time or from time to time (whether prior to, on to or after the Separation Closing Date), any party Party hereto (or any member of such party's respective Group), shall receive or otherwise possess any Asset asset that is allocated to any other Person pursuant to this Agreement or any Ancillary Agreement, such party Party shall promptly transfer, or cause to be transferred, such Asset asset to the Person so entitled thereto. Prior to any such transfer, the Person receiving or possessing such Asset asset shall hold such Asset asset in trust for any the other Person entitled to such other Personasset.

Appears in 3 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (American International Group Inc), Asset Purchase Agreement (American International Group Inc)

Misallocated Assets. In the event that at any time or from time to time (whether prior to, on or after the Separation Closing Date), any party hereto (or any member of such party's respective Group), shall receive or otherwise possess any Asset asset that is allocated to any other Person pursuant to this Agreement or any Ancillary Agreement, such party shall promptly transfer, or cause to be transferred, such Asset asset to the Person so entitled thereto. Prior to any such transfer, the Person receiving or possessing such Asset asset shall hold such Asset asset in trust for any such other Person.

Appears in 2 contracts

Samples: Agreement of Change in Corporate Structure (Cadapult Graphic Systems Inc), Reorganization Agreement (United Heritage Corp)

Misallocated Assets. In the event that at any time or from time to time (whether prior to, on or after the Separation Date), any party hereto (or any member of such party's respective Group), shall receive or otherwise possess any Asset that is allocated to any other Person pursuant to this Agreement or any Ancillary Agreement, such party shall promptly transfer, or cause to be transferred, such Asset to the Person so entitled thereto. Prior to any such transfer, the Person receiving or possessing such Asset shall hold such Asset in trust for any such other Person.. Section 1.2

Appears in 1 contract

Samples: Assignment and Assumption Agreement

Misallocated Assets. In the event that at any time or from time to time (whether prior to, on or after the Separation Date), any party hereto (or any member of such party's respective Group), shall receive or otherwise possess any Asset that is allocated to any other Person pursuant to this Agreement or any Ancillary Agreement, such party shall promptly transfer, or cause to be transferred, such Asset to the Person so entitled thereto. Prior to any such transfer, the Person receiving or possessing such Asset shall hold such Asset in trust as nominee for any such other Person.

Appears in 1 contract

Samples: General Assignment and Assumption Agreement (Nptest Inc)

Misallocated Assets. In the event that at any time or from time to time (whether prior to, on or after the Separation Date), any party hereto (or any member of such party's respective the Xxxx Xxx Group or the HBI Group), as applicable) shall receive or otherwise possess any Asset that is allocated to any other Person pursuant to this Agreement or any Ancillary Agreement, such party shall promptly transfer, or cause to be transferred, such Asset to the Person so entitled thereto. Prior to any such transfer, the Person receiving or possessing such Asset shall hold such Asset in trust for any such other Person.

Appears in 1 contract

Samples: Master Separation Agreement (Hanesbrands Inc.)

Misallocated Assets. In the event that at any time or from time to time (whether prior to, on or after the Separation Date), any party hereto (or any member Affiliates of such party's respective Groupany party hereto), shall receive or otherwise possess any Asset that is allocated to any other Person pursuant to this Agreement or any Ancillary Agreement, such party shall promptly transfer, or cause to be transferred, such Asset to the Person so entitled thereto. Prior to any such transfer, the Person receiving or possessing such Asset shall hold such Asset in trust for any such other Person.

Appears in 1 contract

Samples: Asset Purchase Agreement (Trident Microsystems Inc)

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Misallocated Assets. In the event that at any time or from time to time (whether prior to, on or after the Separation Date), any party hereto (or any member of such party's ’s respective Group), shall receive or otherwise possess any Asset that is allocated to any other Person pursuant to this Agreement or any Ancillary Agreement, such party shall promptly transfer, or cause to be transferred, such Asset to the Person so entitled thereto. Prior to any such transfer, the Person receiving or possessing such Asset shall hold such Asset in trust for any such other Person.

Appears in 1 contract

Samples: General Assignment and Assumption Agreement (Palm Inc)

Misallocated Assets. In the event that at any time or from time to time (whether prior to, on or after the Separation Date), any party hereto (or any member of such party's respective Group), shall receive or otherwise possess any Asset that is allocated to any other Person pursuant to this Agreement or any Ancillary Agreement, such party shall promptly transfer, or cause to be transferred, such Asset to the Person so entitled thereto. Prior to any such transfer, the Person receiving or possessing such Asset shall hold such Asset in trust for any such other Person.

Appears in 1 contract

Samples: General Assignment and Assumption Agreement (Metavante Corp)

Misallocated Assets. In the event that at any time or from time to time (whether prior to, on or after the Separation Date), any party hereto (or any member of such party's respective the Sxxx Xxx Group or the HBI Group), as applicable) shall receive or otherwise possess any Asset that is allocated to any other Person pursuant to this Agreement or any Ancillary Agreement, such party shall promptly transfer, or cause to be transferred, such Asset to the Person so entitled thereto. Prior to any such transfer, the Person receiving or possessing such Asset shall hold such Asset in trust for any such other Person.

Appears in 1 contract

Samples: Master Separation Agreement (Hanesbrands Inc.)

Misallocated Assets. In the event that at any time or from time to time (time, whether prior to, on or after the Separation Date), any party Party hereto (or any member of such party's respective Group), shall receive or otherwise possess any Asset that is allocated to any other Person pursuant to this Agreement or any Ancillary AgreementPerson, such party Party shall promptly transfer, or cause to be transferred, such Asset to the Person so entitled thereto. Prior to any such transfer, the Person Party receiving or possessing such Asset shall hold such Asset in trust for any such other PersonParty.

Appears in 1 contract

Samples: Asset Divestiture Agreement (Gateway Certifications, Inc.)

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