Common use of Request for Access Clause in Contracts

Request for Access. During the period from the Closing Date through the second anniversary thereof, Acquiror may elect to request access to a specific Qualifying Shared Asset or that a Qualifying Shared Asset be deemed a Wimbledon Asset by sending notice of such request to Seller (an “Access Notice”), which Access Notice will describe the requested Qualifying Shared Asset in reasonable detail. For purposes of this Agreement, a “Qualifying Shared Asset” is an Asset (other than Intellectual Property) that was primarily utilized in connection with the Snacks Business prior to the Closing Date and that was utilized by the Seller Group in connection with activities unrelated to the Snacks Business only in a de minimis respect.

Appears in 2 contracts

Sources: Transaction Agreement (Kellogg Co), Transaction Agreement (Kellogg Co)