PoP Contracts. 15.1 The Sellers shall use reasonable endeavours to effect the following prior to Completion: (a) transfer the benefit and burden of each InfraCo PoP Contract to which a RemainCo Company is a party (a “Transferring InfraCo PoP Contract”) to the relevant Group Company by obtaining Contract Authorisation from the counterparty to that InfraCo PoP Contract; and (b) transfer the benefit and burden of each RemainCo PoP Contract to which a Group Company is a party (a “Transferring RemainCo Contract”) to the relevant RemainCo Company by obtaining Contract Authorisation from the counterparty to that RemainCo Pop Contract, and where required under applicable law, register the transfer. 15.2 The parties agree that (notwithstanding any other provision in this Agreement) the Sellers shall not transfer the benefit or burden of: (a) any InfraCo PoP Contract to which a Group Company is a party; or (b) any RemainCo PoP Contract to which a RemainCo Company is a party.
Appears in 1 contract
Sources: Sale and Purchase Agreement (GTT Communications, Inc.)
PoP Contracts. 15.1 The Sellers shall use reasonable endeavours to effect the following prior to Completion:
(a) transfer the benefit and burden of each InfraCo PoP Contract to which a RemainCo Company is a party (a “Transferring InfraCo PoP Contract”) to the relevant Group Company by obtaining Contract Authorisation from the counterparty to that InfraCo PoP Contract; and
(b) transfer the benefit and burden of each RemainCo PoP Contract to which a Group Company is a party (a “Transferring RemainCo Contract”) to the relevant RemainCo Company by obtaining Contract Authorisation from the counterparty to that RemainCo Pop Contract, and where required under applicable law, register the transfer.. A44416060 192
15.2 The parties agree that (notwithstanding any other provision in this Agreement) the Sellers shall not transfer the benefit or burden of:
(a) any InfraCo PoP Contract to which a Group Company is a party; or
(b) any RemainCo PoP Contract to which a RemainCo Company is a party.
Appears in 1 contract
Sources: Share Purchase Agreement (GTT Communications, Inc.)