Common use of Mixed Accounts Clause in Contracts

Mixed Accounts. Except as may otherwise be agreed by the Parties and except as otherwise contemplated by any International Transition Period Agreement, the Parties shall not seek to assign any Mixed Account. Except as may otherwise be agreed by the Parties and except as otherwise contemplated by any International Transition Period Agreement, Xxxxxx and AbbVie shall, and shall cause each of their respective Subsidiaries to, take such other reasonable and permissible actions to cause (i) the Assets associated with that portion of each Mixed Account that relates to the Abbott Business to be enjoyed by Abbott or an Abbott Subsidiary; (ii) the Liabilities associated with that portion of each Mixed Account that relates to the Abbott Business to be borne by Abbott or an Abbott Subsidiary; (iii) the Assets associated with that portion of each Mixed Account that relates to the AbbVie Business to be enjoyed by AbbVie or an AbbVie Subsidiary; and (iv) the Liabilities associated with that portion of each Mixed Account that relates to the AbbVie Business to be borne by AbbVie or an AbbVie Subsidiary.

Appears in 5 contracts

Samples: Separation and Distribution Agreement (Abbott Laboratories), Separation and Distribution Agreement (AbbVie Inc.), Separation and Distribution Agreement (AbbVie Inc.)

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Mixed Accounts. Except as may otherwise be agreed by the Parties and except as otherwise contemplated by any International Transition Period Agreement, the Parties shall not seek to assign any Mixed Account. Except as may otherwise be agreed by the Parties and except as otherwise contemplated by any International Transition Period Agreement, Xxxxxx Baxter and AbbVie Baxalta shall, and shall cause each of their respective Subsidiaries to, take such other reasonable and permissible actions to cause (i) the Assets associated with that portion of each Mixed Account that relates relate to the Abbott Baxter Business to be enjoyed by Abbott Baxter or an Abbott a Baxter Subsidiary; (ii) the Liabilities associated with that portion of each Mixed Account that relates relate to the Abbott Baxter Business to be borne by Abbott Baxter or an Abbott a Baxter Subsidiary; (iii) the Assets associated with that portion of each Mixed Account that relates relate to the AbbVie Baxalta Business to be enjoyed by AbbVie Baxalta or an AbbVie a Baxalta Subsidiary; and (iv) the Liabilities associated with that portion of each Mixed Account that relates relate to the AbbVie Baxalta Business to be borne by AbbVie Baxalta or an AbbVie a Baxalta Subsidiary.

Appears in 4 contracts

Samples: Separation and Distribution Agreement (Baxter International Inc), Separation and Distribution Agreement (Baxalta Inc), Separation and Distribution Agreement (Baxalta Inc)

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