Retained Records. (a) The Retained Records shall be retained by the current holder of the Retained Records and held for the Retention Period, unless the holding Party reasonably considers such period to be burdensome, in which case the holding Party may elect to transfer the relevant Retained Records to the other Party (if permitted under Applicable Law) and the Parties shall discuss in good faith the most practical means of affecting any transfer on this basis.
Appears in 3 contracts
Samples: Separation and Distribution Agreement (Alcon Inc), Separation and Distribution Agreement (Alcon Inc), Separation and Distribution Agreement (Alcon Inc)
Retained Records. (a) The Retained Records shall be retained by the current holder of the Retained Records and held for the Retention Period, unless the holding either Party reasonably considers such period to be burdensome, in which case the holding Party may elect requests to transfer the relevant Retained Records during the Retention Period (whether before or after the expiry of the relevant Access Period) from the holding Party to the other Party (if permitted under Applicable Law) and the other Party agrees. In such case, notwithstanding Clause 16.1 (Transferring Records), the Parties shall discuss in good faith the most practical means of affecting any transfer on this basis.means
Appears in 1 contract
Samples: Separation and Distribution Agreement (Novartis Ag)
