Other Transitional Services Clause Samples
The "Other Transitional Services" clause defines the provision of additional support or services by one party to another during a transition period, typically following a business transaction such as a merger or acquisition. This clause may cover services not explicitly listed elsewhere in the agreement, such as IT support, administrative assistance, or access to certain resources, and often specifies the duration, scope, and compensation for these services. Its core function is to ensure continuity and minimize disruption by addressing any unforeseen needs that arise during the transition, thereby facilitating a smoother handover process.
Other Transitional Services. Additional transitional and interim arrangements with Shell and its affiliates include: • at our Belpre, Ohio, manufacturing facility and Westhollow research facility in Houston, Texas, for automatically renewable one-year periods, technical services, including chemical engineering services, equipment engineering, access to technical personnel, and information technology infrastructure and applications services; and • at our Westhollow research facility, for automatically renewable one-year periods, library services, files, and records management and travel management.
Other Transitional Services. Further, under the Transitional Services Agreement, Cardiome can request and Basilea may provide certain additional transitional services deemed an Other Transitional Services during the Term of the Transitional Services Agreement.
Other Transitional Services. Basilea's obligation to provide the Other Transitional Services shall commence as agreed between the Parties pursuant to Clause 2.3. The obligation on Basilea to provide the Other Transitional Services shall terminate in accordance with Clause 2.3, or as agreed between the Parties, but in any event shall be for no longer duration than until the second (2nd) anniversary of the Effective Date.
Other Transitional Services. Effective as of the time of the Closing, Sellers shall establish and, for a period of 120 days after Closing, Sellers shall maintain for Purchaser, in connection with the Business and the Assets being sold, a general ledger with an electronic feed from the application processing system, including, without limitation, as reasonably necessary, a chart of accounts, and process all journal entries and interface entries, provide and review monthly general ledger reports, and provide funding check system liaison with the Branch Offices. In addition, during the 120-day period after the Closing, Sellers shall allow Purchaser to share Sellers computer servers so as to allow Purchaser to operate the Assets substantially as those Assets were operated as part of the Business prior to the Closing. In consideration of the services provided to Purchaser pursuant to this Section 7.15, Purchaser shall pay Sellers a monthly fee, to be negotiated in good faith and mutually agreeable to Purchaser and Sellers, in order to reimburse Sellers for the cost of providing such services.
Other Transitional Services. Upon request of Business Purchaser notified to Seller within *** days from the date of this Agreement, effective as of the Closing Date and for a maximum period of *** months following the Closing Date, Seller shall provide Business Purchaser with such of the services necessary for the operation of the Business and identified in Schedule 7.2.17.3 as Business Purchaser may elect to receive.