Common use of Intracompany Arrangements Clause in Contracts

Intracompany Arrangements. Notwithstanding any other provision of this Agreement to the contrary (other than pursuant to any Ancillary Agreement or Shared Contract), as of the Closing, all services, commitments, agreements or other arrangements that existed prior to the Closing between the Seller and Parent or any other Affiliate of Parent with respect to the Business shall cease or be terminated. Any such cessation or termination shall be without penalty to, and shall not require any action by, the Purchaser or any of its Affiliates.

Appears in 3 contracts

Sources: Asset Purchase Agreement (NewPage CORP), Asset Purchase Agreement (NewPage Holding CORP), Asset Purchase Agreement (Glatfelter P H Co)