Common use of Separate divisions Clause in Contracts

Separate divisions. Until the Put Expiration Date, the business of R2 and the business of Pubco constituted prior to the Closing will be operated as separate divisions or entities. Their assets will not be co-mingled, nor will one assume responsibility for the liabilities of the other.

Separate divisions. Until Subsequent to the Put Expiration DateClosing, the business of R2 and the business of Pubco constituted prior to the Closing will be operated as separate divisions or entities. Their assets will not be co-mingled, nor will one assume responsibility for the liabilities of the other.