Mistaken Assignments and Assumptions. There may exist (i) assets that ------------------------------------ the parties discover were, contrary to the agreements between the parties, by mistake or omission, transferred to the Company or retained by CSI or (ii) Liabilities that the parties discover were, contrary to the agreements between the parties, by mistake or omission, assumed by the Company or retained by CSI. The parties shall cooperate in good faith to effect the transfer or re-transfer of such assets, and/or the assumption or re-assumption of such Liabilities, to or by the appropriate party. Each party shall reimburse the other or make other financial adjustments or other adjustments to remedy any mistakes or omissions relating to any of the assets transferred hereby or any of the Liabilities assumed hereby.
Appears in 8 contracts
Samples: Asset Contribution Agreement (Cabletron Systems Inc), Asset Contribution Agreement (Cabletron Systems Inc), Asset Contribution Agreement (Cabletron Systems Inc)
Mistaken Assignments and Assumptions. There may exist (i) ------------------------------------ assets that ------------------------------------ the parties discover were, contrary to the agreements between the parties, by mistake or omission, transferred to the Company or retained by CSI or (ii) Liabilities that the parties discover were, contrary to the agreements between the parties, by mistake or omission, assumed by the Company or retained by CSI. The parties shall cooperate in good faith to effect the transfer or re-transfer of such assets, and/or the assumption or re-assumption of such Liabilities, to or by the appropriate party. Each party shall reimburse the other or make other financial adjustments or other adjustments to remedy any mistakes or omissions relating to any of the assets transferred hereby or any of the Liabilities assumed hereby.
Appears in 2 contracts
Samples: Asset Contribution Agreement (Cabletron Systems Inc), Asset Contribution Agreement (Cabletron Systems Inc)
Mistaken Assignments and Assumptions. There may exist (i) assets that ------------------------------------ the parties discover were, contrary to the agreements between the parties, by mistake or omission, transferred to the Company or retained by CSI or (ii) Liabilities that the parties discover were, contrary to the agreements between the parties, by mistake or omission, assumed by the Company or retained by CSI. The parties shall cooperate in good faith to effect the transfer or re-transfer of such assets, and/or the assumption or re-assumption of such Liabilities, to or by the appropriate party. Each party shall reimburse the other or make other financial adjustments or other adjustments to remedy any mistakes or omissions relating to any of the assets transferred hereby or any of the Liabilities assumed hereby.
Appears in 1 contract
Samples: Asset Contribution Agreement (Riverstone Networks Inc)