Common use of Operating Systems Clause in Contracts

Operating Systems. VCP shall have taken all necessary and desirable measures in order to cause the LA Company to be the legal owner and duly licensed user of all Operating Systems on a stand alone basis and under substantially the same conditions as the Operating Systems that are currently used in the LA Establishment. IP and VCP shall create a technical commission which shall define, within 2 (two) months from the date hereof, the procedures for the transition of the Operating Systems of the LA Company from VCP to IP. IP acknowledges that VCP will not begin the transfer and/or segregation of the LA Operating Systems to the LA Company until December 31, 2006. VCP will endeavor its best efforts to ensure that such transition is completed within 6 (six) months as from the Closing Date. To the extent that the Operating Systems are not transferred within the above term, IP shall have the right to continue to use and operate the Operating Systems until such transition is completed.