Common use of Exit Strategy Clause in Contracts

Exit Strategy. Platinum shall use commercially reasonable efforts in order to terminate the need for the Services as soon as reasonably practicable following the Closing Date (the "TRANSITION"), and in order to accomplish this Transition, Platinum will need assistance from the employees, contractors or managed vendors of St. ▇▇▇▇. St. ▇▇▇▇ agrees to assign its Transition coordinator (as set forth in paragraph (ii) below) and to provide other reasonably necessary assistance to allow Platinum and its Post-closing Subsidiaries to exit St. Paul's systems in a timely and efficient manner.

Appears in 2 contracts

Sources: Master Services Agreement (Platinum Underwriters Holdings LTD), Master Services Agreement (Platinum Underwriters Holdings LTD)

Exit Strategy. Platinum shall use commercially reasonable efforts in order to terminate the need for the Services as soon as reasonably practicable following the Closing Date (the "TRANSITIONTransition"), and in order to accomplish this Transition, Platinum will need assistance from the employees, contractors or managed vendors of St. ▇▇▇▇. St. ▇▇▇▇ agrees to assign its Transition coordinator (as set forth in paragraph (ii) below) and to provide other reasonably necessary assistance to allow Platinum and its Post-closing Subsidiaries to exit St. Paul's systems in a timely and efficient manner.

Appears in 1 contract

Sources: Master Services Agreement (Platinum Underwriters Holdings LTD)