Common use of Separation of Businesses Clause in Contracts

Separation of Businesses. 7.1 It is the intention of Prudential and Xxxxxxx that, as between Prudential and Xxxxxxx, and save as specifically provided in this Agreement, Prudential shall be responsible for all matters relating to the Prudential Business and Xxxxxxx shall be responsible for all matters relating to the Xxxxxxx Business. Accordingly, without prejudice to the specific provisions of this Agreement, Prudential and Xxxxxxx have agreed to the undertakings set out in Schedule 2 (Mutual Indemnities). 7.2 The provisions of Schedule 3 (Provisions on Claims under the Mutual Indemnities) shall apply in relation to the making of any claim under Schedule 2 (Mutual Indemnities).