Common use of Transfer of Certain Assets Clause in Contracts

Transfer of Certain Assets. Except as may be otherwise contemplated in connection with the Alignment Transactions, effective as of the Separation Date, (a) UtiliCorp shall, or shall cause the relevant member of the UtiliCorp Group to, Transfer to Aquila or, at Aquila's direction, another member of the Aquila Group all of the right, title, and interest of UtiliCorp or such member of the UtiliCorp Group in and to all Aquila Assets that are owned, in whole or in part, by a member of the UtiliCorp Group, as the same shall exist on the Separation Date or on such later date as a particular Transfer may occur, at net book value, and (b) Aquila shall, or shall cause the relevant member of the Aquila Group to, Transfer to UtiliCorp or, at UtiliCorp's direction, another member of the UtiliCorp Group all of the right, title, and interest of Aquila or such member of the Aquila Group in and to all UtiliCorp Assets that are owned, in whole or in part, by a member of the Aquila Group, as the same shall exist on the Separation Date or on such later date as a particular Transfer may occur, at net book value.