Common use of Joint Facilities Clause in Contracts

Joint Facilities. The parties acknowledge that some of the Transferred Businesses will be jointly operated by OMG and Ferro following the Closing of any Ferro Business operating in a joint facility until such time as it will be practicable to divide these jointly operated facilities between OMG and Ferro. The parties shall agree on how these facilities shall be operated and/or divided after each Closing on terms and conditions mutually satisfactory to the parties.