Subleased Properties Outside the United States Sample Clauses

Subleased Properties Outside the United States. If Remainco and Spinco agree pursuant to Section 5.1 to enter into a sublease or license of a Subleased Property located outside the United States, with respect to any such Subleased Property, Remainco and Spinco shall use a commercially reasonable form, negotiated by Remainco and Merger Partner in good faith pursuant to Section 5.2 and including the terms set forth in Schedule 6, translated into the local language, if customary under local practice, and modified to comply with local legal requirements to cause the appropriate transfers, assignments, subleases or licenses to occur. Such subleases or licenses shall, so far as the law in the jurisdiction in which such Subleased Property is located permits, be on the same terms and conditions as provided in Section 5.2, and shall include such other deliveries (and the Parties shall comply with such other customary procedures and formalities) as may be required by the laws of the jurisdiction in which such Subleased Property is located. In the event of a conflict between the terms of this Agreement and the terms of any local agreements, the terms of such local agreements shall prevail. ARTICLE VI MISCELLANEOUS 6.1
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Related to Subleased Properties Outside the United States

  • Real Property Matters The Company does not own any real property as of the date hereof and has not owned any real property during the three years preceding the date hereof.

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