Extra Assets definition

Extra Assets has the meaning specified in Section 5.16(b).
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Extra Assets has the meaning set forth in Section 6.01(a).
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Extra Assets means the following to the extent included in the Transferred Assets: (w) with respect to assets and property other than Intellectual Property and IT Assets, assets or property not primarily used in the Transferred Operations; (x) with respect to Intellectual Property or IT Assets, Intellectual Property or IT Assets not both (I) primarily used in, and (II) necessary for, the Transferred Operations; (y) any contract that is not a Material Contract; and (z) any Specified Excluded Asset.
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Examples of Extra Assets in a sentence

  • After the Closing, if any Excluded Assets have, but should not have, been transferred or conveyed to the Buyer Parties at the Closing (the “Extra Assets”), the Buyer Parties will take such actions as necessary to transfer, or cause to be transferred, such Extra Assets to the Seller Parties.

  • Pending such transfer, Buyer will hold such Extra Assets and provide to Seller or its designated assignee all of the benefits (including any amounts paid to Buyer or its Affiliates in respect thereof) associated with the ownership thereof, and Buyer will cause such Extra Assets to be used or retained as may be reasonably instructed by Seller.

  • Pending such transfer, the Buyer Parties will hold such Extra Assets and provide to the Seller Parties all of the benefits (including any amounts paid to the Buyer Parties in respect thereof) associated with the ownership thereof, and the Buyer Parties will cause such Extra Assets to be used or retained as may be reasonably instructed by the Seller.