Common use of OPERATIONAL TRANSFER Clause in Contracts

OPERATIONAL TRANSFER. Prior to the Closing Date, following the completion of the Parties’ due diligence, the Parties will cooperate to enable the transfer of Assets and the assumption of Liabilities, as outlined in this Agreement. Such cooperation will include, but is not limited to: a. Transfer of Operations of Leland's Facilities and Systems to the Sanitary District and interconnection of Leland's Facilities and Systems with the Sanitary District’s Facilities and Systems. b. Transfer Leland’s Customer Accounts to the Sanitary District, including the provision of all necessary and appropriate notices to customers. c. Transfer and assumption of Leland’s Liabilities by the Sanitary District. d. Sanitary District’s employment of Leland’s Water and Wastewater Utility Employees. e. Obtaining all necessary consents to effectuate the transfers and assumptions, or refinancing and satisfaction of loans.