Common use of Transition of the School Operation Clause in Contracts

Transition of the School Operation. School Assets and School Liabilities‌ On and subject to the terms of this agreement, the Proprietor agrees to transition to MACS, and MACS agrees to accept the transition of, the School Operation together with the School Assets and the School Liabilities on the Completion Date, subject to the Conditions being satisfied or waived by Completion under clause 5.2.

Transition of the School Operation. School Assets and School Liabilities‌ On and subject to the terms of this agreement, the Proprietor agrees to transition to MACS, and MACS XXXX agrees to accept the transition of, the School Operation together with the School Assets and the School Liabilities on the Completion Date, subject to the Conditions being satisfied or waived by Completion under clause 5.2.

Transition of the School Operation. School Assets and School Liabilities‌ On and subject to the terms of this agreement, the Proprietor agrees to transition to MACS, and MACS agrees to accept the transition of, the School Operation together with the School Assets and the School Liabilities on the Completion Date, subject to the Conditions being satisfied or waived by Completion under clause 5.24.2.