Transition Period Matters Sample Clauses
The 'Transition Period Matters' clause defines the rules and procedures that apply during the interim phase between the signing of an agreement and the completion of a transaction or the full transfer of responsibilities. Typically, this clause outlines the obligations of each party, such as maintaining business operations, preserving assets, or providing transitional support, to ensure a smooth handover. Its core function is to manage risks and responsibilities during the transition, preventing disruptions and clarifying expectations until the new arrangement is fully in place.
Transition Period Matters. At the end of the Transition Period, Seller will arrange for the prompt delivery to such locations as the Buyer may designate of the Minimum Guaranteed Inventory under each Acquisition Agreement and such additional inventory of the Products as Buyer may have ordered pursuant to Section 4.2. Delivery of the inventory located at Seller's Morristown facility will be made at Seller's sole cost and expense if delivery is to be made to Buyer's Fort Lauderdale, Florida facility. Delivery of inventory located in Seller's other warehouses will be made at Buyer's sole cost and expense to such places as Buyer designates.
Transition Period Matters. Notwithstanding the foregoing Sections 5.1 and 5.2, the following govern the operation of and accounting for the Business between the Effective Date and Closing (the "Transition Period").
Transition Period Matters