Transitional Agreement Clause Samples
A Transitional Agreement clause outlines the terms and conditions that will govern the relationship between parties during a temporary period, typically while a more permanent agreement is being negotiated or after a major change such as a merger or acquisition. This clause specifies which rights, obligations, and services will continue, be modified, or be phased out during the transition, and may include timelines, responsibilities, and payment arrangements. Its core practical function is to ensure continuity and minimize disruption by providing a clear framework for operations and expectations during periods of change.
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Transitional Agreement. At Closing, Seller and Purchaser or a Purchaser Affiliate, as applicable, shall enter into
(a) a contract manufacturing agreement providing for the manufacturing of Products for a certain time by Seller for a Purchaser Affiliate substantially in the form of the draft attached as Exhibit 19.2(a) (CMA); and
(b) an agreement regarding certain transitional services to be provided by Seller and/or a Local Seller, as the case may be, to Purchaser or a Local Purchaser, as the case may be (Transitional Services Agreement); provided that, promptly following the signing of this Agreement, the Parties will in good faith discuss which types of transitional services are required and shall be provided by Seller and/or a Local Seller for a maximum period of nine (9) months following Closing and agree on the
Transitional Agreement. Prior to the Closing Date, Seller and Purchaser each agree to negotiate in good faith the terms of, and to enter into, the Transitional Agreement substantially in the form attached hereto as Exhibit F, with such modifications as may be mutually agreeable to Seller and Purchaser.
Transitional Agreement. During the Interim Period, the Parties agree to negotiate in good faith and execute the Transitional Agreement based upon the Transitional Agreement Main Principles listed in Exhbit B hereto not later than the Closing Date. Until the execution of the Transitional Agreement, the Parties shall comply with the Transitional Agreement Main Principles.
Transitional Agreement. Purchaser and Seller shall have entered into the Transitional Agreement substantially in the form attached hereto as Exhibit F, with such modifications as may be mutually agreeable to Seller and Purchaser.
Transitional Agreement. Buyer shall have entered into a Transitional Agreement, in form and substance reasonably satisfactory to ▇▇▇▇▇▇▇▇▇, under which Affiliates of ▇▇▇▇▇▇▇▇▇ in the Second Tier Radio Market and the Third Tier Radio Markets shall be permitted to use the words "Shadow Traffic" and "Express Traffic", and certain agreed upon intellectual property and other programming materials included in the Assets, in connection with their Local Content Radio Programming Business in the Second and Third Tier Radio Markets.
Transitional Agreement. Each of the Vendor and the Purchaser will during the Interim Period negotiate in good faith and execute and deliver a transitional agreement providing for the continuation of the operations of the Business in the ordinary course during the six month period following the Closing Date.
Transitional Agreement. Seller shall have executed and delivered ---------------------- to Buyer a Transitional Agreement in the form attached hereto as Exhibit 8.14. ------------
Transitional Agreement. 36 6. CONDITIONS ............................................................. 37
Transitional Agreement. 55 14.5 Employment Agreement..............................................................................55 14.6 Deliveries........................................................................................55
Transitional Agreement. 54 13.8 Deliveries........................................................................................54