Common use of Shared Data Clause in Contracts

Shared Data. Seller and Purchaser shall be co-owners, without any rights or obligations of accounting, of any and all Business Data that was used by Seller or any of its Subsidiaries (other than the Acquired Companies), and not solely used by the Business, prior to the Closing Date.

Appears in 3 contracts

Sources: Equity and Asset Purchase Agreement (Meadwestvaco Corp), Equity and Asset Purchase Agreement (NewPage Energy Services LLC), Equity and Asset Purchase Agreement (NewPage Holding CORP)