Common use of The Business Clause in Contracts

The Business. The Parties further agree to cooperate and use their respective commercially reasonable efforts to obtain the necessary consent from the landlord to effect the separation of such Commingled Lease, splitting the property with the Seller identity numbers B82 and RD1 into one lease and the property with the Seller identity number G38 into another lease, if practicable prior to Closing and on substantially the same terms as currently in effect with respect to each such property or other terms reasonably mutually agreeable to the Parties in accordance with the terms and subject to the conditions set forth in Sections 2.7(a) - (c) (inclusive), mutatis mutandis. If such split is effected prior to Closing, the lease of the real property with the Seller identity number G38 shall not constitute part of the Purchased Assets. If such split is not effected prior to Closing, the lease of the real property with the Seller identity number G38 shall constitute part of the Purchased Assets and sharing arrangements will be addressed pursuant to the Reverse Transition Services Agreement.

Appears in 2 contracts

Samples: Stock and Asset Purchase Agreement (TE Connectivity Ltd.), Stock and Asset Purchase Agreement (CommScope Holding Company, Inc.)

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The Business. The Parties further agree to cooperate and use their respective commercially reasonable efforts to obtain the necessary consent from the landlord to effect the separation of such Commingled Lease, splitting the property with the Seller identity numbers B82 and RD1 number G10 into one lease and the property with the Seller identity number G38 G09 into another lease, if practicable prior to Closing and on substantially the same terms as currently in effect with respect to each such property or other terms reasonably mutually agreeable to the Parties in accordance with the terms and subject to the conditions set forth in Sections 2.7(a) - (c) (inclusive), mutatis mutandis. If such split is effected prior to Closing, the lease of the real property with the Seller identity number G38 G09 shall not constitute part of the Purchased Assets. If such split is not effected prior to Closing, the lease of the real property with the Seller identity number G38 G09 shall not constitute part of the Purchased Assets and sharing arrangements will be addressed pursuant to the Reverse Transition Services Agreement.

Appears in 2 contracts

Samples: Stock and Asset Purchase Agreement (CommScope Holding Company, Inc.), Stock and Asset Purchase Agreement (TE Connectivity Ltd.)

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