Common use of Transfers effective prior to the Separation Date Clause in Contracts

Transfers effective prior to the Separation Date. The Parties agree that the provisions of this Schedule 2 (Transferring Contracts) shall be interpreted as applying equally to the implementation of the Separation in any jurisdiction prior to the date of this Agreement, with effect from the date on which such implementation is completed, as if references in this Schedule 2 (Transferring Contracts) to the Separation Date were references to the date on which such implementation is completed, such that to the extent that any Third Party Consent was required in respect of any Transferring Business Contract in such jurisdiction, the provisions of paragraphs 1.2 (Efforts to Obtain Third Party Consents) to 1.6 (Third Party Consents Not Obtained Prior to Commencement of Separation) shall be deemed to apply with retrospective effect from the date of the implementation of the Separation in such jurisdiction.

Appears in 3 contracts

Samples: Separation and Distribution Agreement (Alcon Inc), Separation and Distribution Agreement (Alcon Inc), Separation and Distribution Agreement (Alcon Inc)

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Transfers effective prior to the Separation Date. The Parties agree that the provisions of this Schedule 2 Part A (Transferring Contracts) of Schedule 1 (Transferring Contracts and Non-Transferring Tenders) shall be interpreted as applying equally to the implementation of the Separation in any jurisdiction prior to the date of this Agreement, with effect from the date on which such implementation is completed, as if references in this Schedule 2 Part A (Transferring Contracts) of Schedule 1 (Transferring Contracts and Non-Transferring Tenders) to the Separation Date were references to the date on which such implementation is completed, such that to the extent that any Third Party Consent was required in respect of any Transferring Business Contract in such jurisdiction, the provisions of paragraphs paragraph 1.2 (Efforts to Obtain Third Party Consents) and paragraphs 1.4 (Effect of Third Party Consents) to 1.6 (Third Party Consents Not Obtained Prior to Commencement of Separation) shall be deemed to apply with retrospective effect from the date of the implementation of the Separation in such jurisdiction.

Appears in 1 contract

Samples: Separation and Distribution Agreement (Novartis Ag)

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