Process for Allocating Countries Sample Clauses

Process for Allocating Countries and Regions other than the UK and Ireland, the United States and Australia and New Zealand following the Control Date 7.4.1 As soon as practicable following the Control Date, the Committee will determine the allocation between the parties of the assets and businesses located outside of the UK and Ireland, the United States and Australia and New Zealand on the country or region basis as set out in schedule 1 in accordance with the procedure hereinafter set forth taking into account any requirements of Regulatory Authorities in accordance with the intention expressed in clause 7.2. Such allocation shall, if necessary, be adjusted immediately prior to effecting the Reconstruction in such manner as is determined by the Committee to reflect the principles contained herein in the light of the facts and circumstances (including as to divestments required by Regulatory Authorities and financial information about the C Group then available to them) known to the parties immediately prior to effecting the Reconstruction. 7.4.2 With respect to each country or region other than the UK and Ireland, the United States and Australia and New Zealand set out in schedule 1, the primary party (pursuant to clause 7.2 and as shown on schedule 2) shall give written notice to the other party within 30 days after the Control Date of the value which the primary party is willing to allocate to its proposed ownership of the assets and business of C in such country or region, which value may be more or less than the values referred to in schedule 1. In the case of any country or region other than the UK and Ireland, the United States and Australia and New Zealand for which no primary party is agreed, either party may become the primary party for such country or region by providing to the other party written notice within 30 days after the Control Date of the value which such party is willing to allocate to such country or region, which value may be more or less than the value referred to in schedule 1; and in the event there is competition between the parties, the party whose initial valuation is the highest shall become the primary party. 7.4.3 The party receiving such written notice of the primary party's value for the assets and business of C in a country or region shall be entitled to give written notice to the primary party within 10 days of receiving notice from the primary party in accordance with clause 7.