Assignment of Permits and Contracts. Except as provided in Sections 2.3 and 2.4 and subject to the other terms and conditions of this Agreement, at the Closing, each Seller shall assign and transfer to the applicable Purchaser, and the applicable Purchaser shall take assignment of, all of such Seller’s right, title and interest in and to (i) all Permits and all pending applications or renewals thereof related exclusively to the Business, to the extent such Permits, applications and renewals are transferable (collectively, the “Transferable Permits”), and (ii) the following Contracts and contractual rights:
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Samples: Asset Purchase and Sale Agreement (Telent PLC), Asset Purchase and Sale Agreement (Marconi Corp PLC), Asset Purchase and Sale Agreement (Marconi Corp PLC)
Assignment of Permits and Contracts. Except as provided in Sections 2.3 and 2.4 2.4, upon the terms and subject to the other terms and conditions of this Agreement, at the Closing, each Seller shall assign and transfer to the applicable Purchaser, and the applicable Purchaser shall take assignment of, all of such Seller’s right, title and interest in and to (i) all Permits and all pending applications or renewals thereof related exclusively to the Business, Business or the Purchased Assets to the extent such Permits, applications and renewals Permits are transferable by such Seller (including the Permits listed on Schedule 2.2) (collectively, the “Transferable Assigned Permits”), and (ii) in and to the following Contracts or contractual rights of such Seller (such Contracts and contractual rights:, the “Purchased Contracts”):
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