Common use of Shared Properties Clause in Contracts

Shared Properties. 4.1 From Completion, the Sellers shall procure that the relevant RemainCo Companies grant to the relevant Group Companies such licences, rights, consents and/or permissions relating to each Shared Property (if any) held by the RemainCo Companies as the Buyer may properly and reasonably require for the continued operation of the InfraCo Business from such Shared Property (as generally carried out in the twelve (12) months prior to Completion (or if the InfraCo Business has been in occupation for less than twelve (12) months, as generally carried out in the time the InfraCo Business has been operating from such Transferring InfraCo Business Property)), subject to and in accordance with the GTT TSA, at no cost to the Buyer or the Group Companies (save that the relevant Group Companies shall be liable for a fair and reasonable proportion of the rents, rates, utilities and other costs associated with the 253 operation of each such Shared Property properly attributable to the Buyer and/or the Group Companies in relation to the use of such Shared Property) as further described in the GTT TSA. Such licences, rights, consents and/or permissions shall subsist until such time as the Sellers and Buyer has fully implemented the plans for the long term separation of the Shared Properties in accordance with paragraph 4.3 below.

Shared Properties. 4.1 From Completion, the Sellers shall procure that the relevant RemainCo Companies grant to the relevant Group Companies such licences, rights, consents and/or permissions relating to each Shared Property (if any) held by the RemainCo Companies as the Buyer may properly and reasonably require for the continued operation of the InfraCo Business from such Shared Property (as generally carried out in the twelve (12) months prior to Completion (or if the InfraCo Business has been in occupation for less than twelve (12) months, as generally carried out in the time the InfraCo Business has been operating from such Transferring InfraCo Business Property)), subject to and in accordance with the GTT TSA, at no cost to the Buyer or the Group Companies (save that the relevant Group Companies shall be liable for a fair and reasonable proportion of the rents, rates, utilities and other costs associated with the 253 A44416060 231 operation of each such Shared Property properly attributable to the Buyer and/or the Group Companies in relation to the use of such Shared Property) as further described in the GTT TSA. Such licences, rights, consents and/or permissions shall subsist until such time as the Sellers and Buyer has fully implemented the plans for the long term separation of the Shared Properties in accordance with paragraph 4.3 below.