Common use of Pre-Separation Services Clause in Contracts

Pre-Separation Services. The Parties recognize that legal and other professional services that have been and will be provided prior to the Relevant Time have been and will be rendered for the collective benefit of each of the members of the Vector Group and the Spinco Group, including with regard to the transactions contemplated herein, and that each of the members of the Vector Group and the Spinco Group should be deemed to be the client with respect to such pre-separation services for the purposes of asserting all privileges which may be asserted under applicable Law.

Pre-Separation Services. The Parties recognize that legal and other professional services that have been and will be provided prior to the Relevant Effective Time have been and will be rendered for the collective benefit of each of the members of the Vector RemainCo Group and the Spinco SpinCo Group, including with regard to the transactions contemplated herein, and that each of the members of the Vector RemainCo Group and the Spinco SpinCo Group should be deemed to be the client with respect to such pre-separation services for the purposes of asserting all privileges which may be asserted under applicable Law.