Common use of One-Time Payments Clause in Contracts

One-Time Payments. ▇▇▇▇▇▇▇ Controls and Adient shall cooperate in good faith and use commercially reasonable efforts to negotiate with any third Persons from whom Approvals or Notifications must be obtained to transfer or assign any Adient Asset or ▇▇▇▇▇▇▇ Controls Asset, as applicable, or assume any Adient Liability or ▇▇▇▇▇▇▇ Controls Liability, as applicable, to minimize the need for, and cost of, any One-Time Payments required by such third Person for any Approvals or Notifications.

Appears in 3 contracts

Sources: Separation and Distribution Agreement (Adient LTD), Separation and Distribution Agreement (Johnson Controls International PLC), Separation and Distribution Agreement (Adient LTD)