From Completion. the Buyer shall procure that the relevant Group Companies grant to the relevant RemainCo Companies such licences, rights, consents and/or permissions relating to each Shared Property (if any) held by the Group Companies as the Sellers may properly and reasonably require for the continued operation of the RemainCo Business from such Shared Property (as it is carried on at the date of Completion), subject to and in accordance with the InfraCo TSA and on such terms as the Buyer and the Sellers shall agree (both acting reasonably), at no cost to the Sellers or the RemainCo Companies (save that the relevant RemainCo Companies shall be liable for a fair and reasonable proportion of all rents, rates, utilities and other costs associated with their use and occupation and the operation of each Shared Property) properly attributable to the Sellers and/or the RemainCo Companies in relation to the use of such Shared Properties as further described in the InfraCo TSA. The Sellers shall reimburse the Buyer for the amount of all costs and expenses (including legal fees) incurred by them in granting such licences, rights, consents and/or permissions to the relevant RemainCo Companies.
Appears in 3 contracts
Sources: Share Purchase Agreement (GTT Communications, Inc.), Sale and Purchase Agreement (GTT Communications, Inc.), Share Purchase Agreement (GTT Communications, Inc.)