Common use of Named Parties Clause in Contracts

Named Parties. The parties hereto acknowledge that it may not be feasible to substitute Sub for Parent as a named party in Actions, whether domestic or foreign, constituting Assumed Liabilities. In such event, Parent shall remain as a named party, but, following the Effective Date, Sub shall assume the defense of any such Action in accordance with the provisions of Section 6.3 hereof and Parent and the other members of the Parent Group shall cooperate with Sub as contemplated by Section 6.3 and Section 8 hereof.

Appears in 3 contracts

Samples: Reorganization Agreement (C Quential Inc), Reorganization Agreement (C Quential Inc), Reorganization Agreement (C Quential Inc)

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Named Parties. The parties hereto acknowledge that it may not ------------- be feasible to substitute Sub for Parent as a named party in Actions, whether domestic or foreign, constituting Assumed Liabilities. In such event, Parent shall remain as a named party, but, following the Effective Date, Sub shall assume the defense of any such Action in accordance with the provisions of Section 6.3 hereof and Parent and the other members of the Parent Group shall cooperate with Sub as contemplated by Section 6.3 and Section 8 hereof.

Appears in 1 contract

Samples: Reorganization Agreement (C Quential Inc)

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