Common use of Contribution and Assumption Clause in Contracts

Contribution and Assumption. Contribution of Capital Stock, Assets and Assumption of Liabilities....................1 Section 1.2 Luminent Assets........................................................................2 Section 1.3 Excluded Assets........................................................................3 Section 1.4 Luminent Liabilities...................................................................3 Section 1.5 Methods of Transfer and Assumption.....................................................4 Section 1.6 Governmental Approvals and Consents....................................................6 Section 1.7 Nonrecurring Costs and Expenses........................................................6 Section 1.8 Novation of Assumed Luminent Liabilities...............................................6 ARTICLE II LITIGATION.......................................................................................7 Section 2.1 Allocation.............................................................................7 Section 2.2 Cooperation............................................................................8 ARTICLE III MISCELLANEOUS...................................................................................8 Section 3.1 Entire Agreement.......................................................................8 Section 3.2 Governing Law..........................................................................8 Section 3.3 Notices................................................................................8 Section 3.4 Parties in Interest....................................................................9 Section 3.5 Counterparts...........................................................................9 Section 3.6 Assignment.............................................................................9 Section 3.7 Severability...........................................................................9

Contribution and Assumption. Section 1.1 Contribution of Capital Stock, Assets and Assumption of Liabilities................................................................................1 Section 1.2 Luminent Assets................................................................................................................................2 Section 1.3 Excluded Assets................................................................................................................................3 Section 1.4 Luminent Liabilities......................................................................................................................3 Section 1.5 Methods of Transfer and Assumption.....................................................4 .....................................5 Section 1.6 Governmental Approvals and Consents........................................................................................6 Section 1.7 Nonrecurring Costs and Expenses........................................................6 ........................................7 Section 1.8 Novation of Assumed Luminent Liabilities...............................................6 ...............................7 ARTICLE II LITIGATION...........................................................................................................................................................7 Section 2.1 Allocation..........................................................................................................................................7 Section 2.2 Cooperation........................................................................................................................................8 ARTICLE III MISCELLANEOUS...................................................................................................................................................8 Section 3.1 Entire Agreement..............................................................................................................................8 Section 3.2 Governing Law..........................................................................8 ..........................................................9 Section 3.3 Notices................................................................................8 ................................................................9 Section 3.4 Parties in Interest........................................................................................................................9 Section 3.5 Counterparts......................................................................................................................................9 Section 3.6 Assignment..........................................................................................................................................9 Section 3.7 Severability...........................................................................9...........................................................9 Section 3.8 Failure or Indulgence Not Waiver; Remedies Cumulative.................10 Section 3.9 Amendment.............................................................10 Section 3.10 Authority.............................................................10 Section 3.11 Interpretation........................................................10 Section 3.12 Conflicting Agreements................................................10 ARTICLE IV DEFINITIONS..................................................................10 Section 4.1 MRV Group.............................................................10