Governmental Approvals; Consents. (a) If and to the extent that the valid, complete and perfected transfer or assignment to RhinoRx of any RhinoRx Assets or to Rhino of any Non-RhinoRx Assets as contemplated by Section 3.02 would be a violation of Applicable Law or require any Consent or Governmental Approval, then the applicable transfer or assignment shall be automatically deemed deferred and any such purported transfer or assignment shall be null and void until such time as all legal impediments are removed and/or such Consents or Governmental Approvals have been obtained. Notwithstanding the foregoing, any such Asset shall be deemed an Asset of the transferee for purposes of determining whether any Liability is a Liability of the transferee.
Appears in 4 contracts
Samples: Master Transaction Agreement (Amerisourcebergen Corp), Master Transaction Agreement (Kindred Healthcare, Inc), Master Transaction Agreement (Safari Holding Corp)
