Examples of Transitional Services Agreement in a sentence
On Completion, the Company and an affiliate of the Company will enter into a Transitional Services Agreement with Kurt Salmon US Inc.
Promptly following the date hereof, the Purchaser and the Seller shall negotiate in good faith the Transitional Services Agreement.
Where the changes requested by Land Rover UK and/or Jaguar Cars Limited are accepted by the Seller and result in the Seller incurring an incremental adverse economic effect or increased workload, the Seller shall be free to charge or require the reimbursement of such costs and/or expenses by Land Rover UK and/or Jaguar Cars Limited in accordance with the Cost Categories and Cost Allocation Principles (as defined in the relevant Transitional Services Agreement).
There can be no assurance that the Company (or its affiliate) or Kurt Salmon US Inc., will not breach and / or terminate this Transitional Services Agreement (or those described at Section 5 of the Chairman’s letter set out in Part I of this Circular (Letter from the Chairman)) without cause during its term, which may have an adverse effect on the Retained Group.
Following the Closing Date, the Seller and its subsidiaries shall provide, or cause to be provided, to the Purchaser, as requested by the Purchaser, certain services which are currently provided by the Seller and its subsidiaries to the Company, all as to be more fully set forth in a transitional services agreement (the "Transitional Services Agreement") to be entered into by the Seller and the Purchaser as of the Closing Date.