Common use of Clarification of Intent Clause in Contracts

Clarification of Intent. Notwithstanding anything in this Agreement to the contrary and for further clarity: (a) all Assets of Abbott, any Abbott Subsidiary, Hospira or any Hospira Subsidiary are intended to remain the property of Abbott or the Abbott Subsidiaries after the Effective Time until transferred, sold, consumed or otherwise disposed of by Abbott or the Abbott Subsidiaries, unless such Assets are Hospira Assets; and (b) to the extent that a Liability is a Hospira Liability it shall not be deemed to be an Abbott Liability.

Appears in 2 contracts

Sources: Separation and Distribution Agreement (Hospira Inc), Separation and Distribution Agreement (Hospira Inc)