Common use of Assumed Actions Clause in Contracts

Assumed Actions. Following the Closing, Buyer shall have the right to control the legal proceedings disclosed on Schedule 5.27(b) (each, an “Assumed Action”), and at Closing, Buyer shall assume all legal privileges and protections associated with the Assumed Actions or any related future legal proceedings. Seller shall, and shall cause the Equity Seller to, reasonably cooperate with Buyer, including by providing Buyer and Buyer’s legal counsel reasonable access to the Equity Seller’s employees, records and documents as Buyer may request, to the extent maintained or under the possession or control of Seller or the Equity Seller and each of their respective Affiliates. In furtherance of the foregoing, following the Closing, Seller shall, and shall cause the Equity Seller to, make available to Buyer Seller’s, the Equity Seller’s or each of their respective Affiliates’ employees to the extent reasonably requested by Buyer for fact finding, consultation and interviews and as witnesses in connection with the Assumed Actions.

Appears in 2 contracts

Sources: Purchase Agreement (Alcoa Corp), Purchase Agreement (Kaiser Aluminum Corp)