Common use of Facility Conditions Clause in Contracts

Facility Conditions. The parties acknowledge that in connection with the former divestiture of a portion of the Company’s facility in Guarulhos, Brazil pursuant to an Asset Purchase Agreement by and between Pfizer Inc. and Philipp Brothers Chemicals, Inc. dated September 28, 2000, Pfizer Inc. retained liability that it subsequently transferred to the Company pursuant to the Separation Agreement for the remediation of certain soil and groundwater impacts at the Company’s facility located at ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, 1555, Vila Sant’▇▇▇▇ in Guarulhos, Brazil that it is leasing to a member of the Pfizer Group (“Guarulhos Leased Facility”) pursuant to the Private Instrument of Non-residential Lease Agreement and Others, the impacts and of which have been documented in the Guarulhos Remediation Matter Reports (the “Guarulhos Remediation Matter”).

Appears in 1 contract

Sources: Environmental Matters Agreement (Zoetis Inc.)

Facility Conditions. The parties acknowledge that in connection with the former divestiture of a portion of the Company’s 's facility in Guarulhos, Brazil pursuant to an Asset Purchase Agreement by and between Pfizer Inc. and Philipp Brothers Chemicals, Inc. dated September 28, 2000, Pfizer Inc. retained liability that it subsequently transferred to the Company pursuant to the Separation Agreement for the remediation of certain soil and groundwater impacts at the Company’s 's facility located at ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Avenida Presidente ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, 1555, Vila Sant'▇▇▇▇ in Guarulhos, Brazil that it is leasing to a member of the Pfizer Group (“Guarulhos Leased Facility”) pursuant to the Private Instrument of Non-residential Lease Agreement and Others, the impacts and of which have been documented in the Guarulhos Remediation Matter Reports Others (the “Guarulhos Remediation Matter”).

Appears in 1 contract

Sources: Environmental Matters Agreement (Zoetis Inc.)