Examples of Cognizant Liabilities in a sentence
Except as otherwise provided in Section 7.2, Insurance Proceeds received with respect to claims, costs and expenses under the Shared Policies shall be paid to D&B, which shall thereafter administer the Shared Policies by paying the Insurance Proceeds, as appropriate, to D&B with respect to D&B Liabilities, to Cognizant with respect to Cognizant Liabilities and to ACNielsen with respect to the ACNielsen Liabilities.
For purposes of this Agreement, including Article III hereof, D&B agrees with each of Cognizant and ACNielsen that any and all Liabilities arising from or based upon misstatements in or omissions from the Form 10 filed by either such party shall be deemed to be D&B Liabilities and not Cognizant Liabilities or ACNielsen Liabilities, as the case may be.
The term "Cognizant Liabilities" in that Article shall be read to include all Liabilities assumed by the Cognizant Group pursuant to this Agreement.
Cognizant shall also be entitled, in perpetuity, to control the assertion or waiver of all privileges in connection with privileged information which relates solely to the subject matter of any claims constituting Cognizant Liabilities, now pending or which may be asserted in the future, in any lawsuits or other proceedings initiated against or by Cognizant, whether or not the privileged information is in the possession of Cognizant or under the control of D&B, Cognizant or ACNielsen.
On or prior to the Distribution Date, IMS HEALTH will undertake to each of The Dun & Bradstreet Corporation and ACNielsen Corporation to be jointly and severally liable for all "Cognizant Liabilities" (as defined in the 1996 Distribution Agreement) under the 1996 Distribution Agreement pursuant to an undertaking substantially in the form of Exhibit 2.1(m) hereto.