Common use of Shared Items Transferred to Buyers Clause in Contracts

Shared Items Transferred to Buyers. With respect to any contracts with goods or services included in the Acquired Assets and that are used by both the GM Business and Company Business, including with respect to the Steering Business Contracts that are set forth on Schedule 9.10, and that will be transferred to one of the Buyers at Closing, the applicable Buyer(s) will provide the other applicable Buyer(s) with the benefits of such Contracts in substantially the same manner described in Section 2.5 above regarding Deferred Items, and the applicable Buyer who does not receive such contract will reimburse the Buyer who did receive such contract for such benefits in substantially the manner described in Section 2.5, until the earlier of such time as separate Contracts for such goods or services have been agreed between the applicable Buyer and the other party or parties to such Contract or Contracts, or until the termination of such Contract or Contracts.

Appears in 4 contracts

Samples: Master Disposition Agreement (Delphi Automotive PLC), Master Disposition Agreement (Delphi Corp), Master Disposition Agreement (General Motors Co)

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Shared Items Transferred to Buyers. With respect to any contracts with goods or services included in the Acquired Assets and that are used by both the GM Business and Company Business, including with respect to the Steering Business Contracts contracts that are set forth on Schedule 9.10, and that will be transferred to one of the Buyers at Closing, the applicable Buyer(s) Buyers will provide the other applicable Buyer(s) Buyer with the benefits of such Contracts contracts in substantially the same manner described in Section 2.5 above regarding Deferred Items, and the other applicable Buyer who does not receive such contract will reimburse the Buyer who did receive such contract for such benefits in substantially the manner described in Section 2.5, until the earlier of such time as separate Contracts contracts for such goods or services have been agreed between the applicable Buyer and the other party or parties to such Contract contract or Contractscontracts, or until the termination of such Contract contract or Contractscontracts.

Appears in 2 contracts

Samples: Master Disposition Agreement, Master Disposition Agreement

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