No Transition Services Sample Clauses
The "No Transition Services" clause establishes that, following the completion of a transaction or agreement, the seller or departing party is not obligated to provide any assistance, support, or services to facilitate the transition of operations to the buyer or remaining party. In practice, this means the buyer assumes full responsibility for managing the business or assets immediately after closing, without relying on the seller for help with matters such as IT systems, employee training, or customer communications. This clause is used to clearly set expectations and avoid disputes by confirming that no post-closing support will be provided, thereby allocating all transition-related risks and responsibilities to the buyer.
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No Transition Services. Except as may be otherwise agreed in writing by Seller and Buyer, as of the Closing Date, all data processing, accounting, insurance, banking, legal, communications, and other services and products provided by Seller or its Affiliates in respect of the Business and the Purchased Assets, and any prior agreements or understandings (written or oral) with respect thereto, shall terminate and Buyer shall not be entitled to any on-going benefit thereof.
No Transition Services. Except as provided in the Transition Services Agreement (Operations) entered into pursuant to the Mill Agreement, as of the Closing Date all data processing, accounting, insurance, banking, legal, communications, and other services and products provided by Seller or its Affiliates in respect of the operation of Klamath Northern shall terminate and Buyer shall not be entitled to any on-going benefit thereof.
No Transition Services. Except as expressly provided in this Section 3.27 and except for matters covered by the Cross-License Agreement, no transition services by Seller are necessary in order for Buyer to operate the Business after the Closing as currently conducted on a stand-alone basis. To the extent any operations of the Business are conducted at, or otherwise utilize, the facilities of Seller or any Subsidiary of Seller outside of the United States, Buyer may elect, at the Closing, by giving notice thereof to Seller, to continue to conduct such operations at, or to continue to utilize, such facilities in a manner substantially similar to that prior to the Closing, for a period of six months from the Closing Date. Buyer promptly shall reimburse Seller for any reasonable out-of-pocket expenses incurred by Seller and paid to third parties that are not Affiliates of Seller in connection with the activities of the Business at such non-U.S. facilities during such six-month period.
No Transition Services. Other than those set forth in the Transaction Documents, as of the First Stage Completion, no Group Company will need any human resources, administrative, accounting or information technology services or other support from any Yixin Entity.