Wrong Box Asset Sample Clauses

Wrong Box Asset. (a) After Closing, if Trinity or any of its Affiliates holds or owns a Transferring Asset or if Stago or any of its Affiliates owns an Asset that is not a Transferring Asset and which was inadvertently transferred (or inadvertently not transferred) as part of the Transaction (in either case, a “Wrong Box Asset”), the person holding such asset (the “Wrong Box Asset Holder”) shall be deemed to hold the Wrong Box Asset on behalf of Stago if the Wrong Box Asset is part of the Seller Group or on behalf of Trinity if the Wrong Box Asset Holder is part of the Purchaser Group, and the Wrong Box Asset Holder shall, at the other Party’s request, as soon as practicable and to the extent possible for no further consideration to the appropriate Party, use its best efforts to execute all such deeds or documents as may be necessary for the purpose of transferring (free of any Encumbrance) the relevant interest in the Wrong Box Asset to Stago or to any Affiliate it may designate if the Wrong Box Asset is part of the Seller Group or to Trinity or to any Affiliate it may designate if the Wrong Box Asset Holder is part of the Purchaser Group. Costs associated with the foregoing undertakings shall be borne by the party who would otherwise have incurred these costs if the actions were taken on Closing. (b) Each of Trinity and Stago shall notify the other promptly upon it coming to its attention that any Wrong Box Asset is in its possession or control or in the possession or control of any of its Affiliates. (c) The provisions set forth in Section 6.3(b) and 6.3(d) relating to the management of Business Assets not transferred at Closing shall apply mutatis mutandis to the Wrong Box Assets until their transfer to the appropriate party.
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Related to Wrong Box Asset

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