Common use of MSJS Excluded Assets Clause in Contracts

MSJS Excluded Assets. Notwithstanding Section 1.2(c)(i), the following Assets shall not be included in the MSJS Contributed Assets: (A) any Asset listed on Schedule 1.2(c)(iii), (B) any Asset not utilized, or held or developed for use, exclusively or primarily in the conduct of the MSJS Contributed Business, and (C) any Asset otherwise expressly contemplated by any provision of this Agreement not to be held by MSJS or contributed to MSJS or, in the case of IBD Contributed Assets, MUSBJ (it being understood that IBD Excluded Assets shall still constitute MSJS Contributed Assets) (collectively, the “MSJS Excluded Assets”); and