Common use of Termination of Overhead and Shared Services Clause in Contracts

Termination of Overhead and Shared Services. The Purchaser acknowledges and agrees that, except as otherwise expressly provided in the Transition Services Agreement, effective as of the Closing Date (i) all Overhead and Shared Services provided to the Business (except the Transferred Overhead and Shared Services) shall cease and (ii) the Sellers or their Affiliates shall have no further obligation to provide any Overhead and Shared Services to the Business.

Appears in 4 contracts

Samples: Asset Sale Agreement (Nortel Networks Corp), Asset Sale Agreement (Nortel Networks LTD), Asset Sale Agreement (Nortel Networks LTD)

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Termination of Overhead and Shared Services. The Purchaser acknowledges and agrees that, except as otherwise expressly provided in the Transition Services AgreementAgreement and the other Ancillary Agreements (as applicable), effective as of the Closing Date Date, (i) all Overhead and Shared Services provided to the Business (except the Transferred Overhead and Shared Services) shall cease and (ii) the Sellers or Seller Parties and their Affiliates shall have no further obligation to provide any Overhead and Shared Services to the Business.

Appears in 3 contracts

Samples: Stock and Asset Purchase Agreement (Eastman Kodak Co), Stock and Asset Purchase Agreement (Eastman Kodak Co), Stock and Asset Purchase Agreement (Eastman Kodak Co)

Termination of Overhead and Shared Services. The Purchaser acknowledges and agrees that, except as otherwise expressly provided in the Transition Services Agreement, effective as of the Closing Date (i) all Overhead and Shared Services provided to the Business (except the Transferred Overhead and Shared Services) shall cease and (ii) the Sellers or their Affiliates shall have no further obligation to provide any Overhead and Shared Services to the Business; provided, however, that the Purchaser and the Sellers acknowledge that overhead costs of the Sellers associated with the provision of services under any Subleases will be included in the rental rates assessed under such Subleases.

Appears in 2 contracts

Samples: Asset Sale Agreement (Nortel Networks Corp), Asset Sale Agreement (Nortel Networks Corp)

Termination of Overhead and Shared Services. The Purchaser acknowledges and agrees that, except as otherwise expressly provided in the Transition Services Agreement, effective as of the Closing Date (ia) all Overhead and Shared Services provided to the Business (except or the Transferred Overhead and Shared Services) Companies shall cease and (iib) the Sellers Seller or their its Affiliates shall have no further obligation to provide any such Overhead and Shared Services to the Companies and/or the Business.

Appears in 2 contracts

Samples: Acquisition Agreement (Symantec Corp), Acquisition Agreement (Verisign Inc/Ca)

Termination of Overhead and Shared Services. The Purchaser Buyer acknowledges and agrees that, except as otherwise expressly provided in the Transition Services Agreement, effective as of the Closing Date (i) all Overhead and Shared Services provided to the Business (except the Transferred Overhead and Shared Services) Target Group shall cease and (ii) the Sellers or their Seller and its Affiliates shall have no further obligation to provide any such Overhead and Shared Services to the BusinessTarget Group.

Appears in 1 contract

Samples: Transaction Agreement (Cleveland-Cliffs Inc.)

Termination of Overhead and Shared Services. The Purchaser Buyer acknowledges and agrees that, except as otherwise expressly provided in the Transition Services Agreement, effective as of the Closing Date (i) Date, all Overhead and Shared Services provided to the Business (except the Transferred Overhead and Shared Services) shall cease and (ii) the Sellers or their Affiliates Seller shall have no further obligation to provide any such Overhead and Shared Services to the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Gorman Rupp Co)

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Termination of Overhead and Shared Services. The Purchaser Buyer acknowledges and agrees that, except as otherwise expressly provided in the Transition Services Agreement, effective as of the Closing Date Date, (ia) all Overhead and Shared Services provided to the Business (except the Transferred Overhead and Shared Services) shall cease and (iib) the Sellers or and their respective Affiliates shall have no further obligation to provide any such Overhead and Shared Services to the Business.

Appears in 1 contract

Samples: Purchase Agreement (Rocky Brands, Inc.)

Termination of Overhead and Shared Services. The Purchaser acknowledges and agrees that, except as otherwise expressly provided in the Transition Services Agreement, effective as of the Closing Date (i) all Overhead and Shared Services provided to the Business or the Companies (except the Transferred Overhead and Shared Services) shall cease and (ii) the Sellers or their Affiliates shall have no further obligation to provide any Overhead and Shared Services to the Companies and/or the Business.

Appears in 1 contract

Samples: Asset and Share Sale Agreement (Nortel Networks LTD)

Termination of Overhead and Shared Services. The Purchaser acknowledges and agrees that, except as otherwise expressly provided in the Transition Services Agreement, effective as of the Closing Date (i) all Overhead and Shared Services provided to the Business (except the Transferred Overhead and Shared Services) shall cease and (ii) the Sellers or their Affiliates shall have no further obligation to provide any Overhead and Shared Services to the Business.

Appears in 1 contract

Samples: Transaction Agreement

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