ABII » Topics » SERVICES

This excerpt taken from the ABII 10-Q filed Dec 20, 2007.

SERVICES

2.1 Provision of New Alpha Services by New Alpha. New Alpha or its Subsidiaries shall use commercially reasonable efforts to provide, or cause to be provided to, Gholdco and its Subsidiaries each of the New Alpha Services in a manner consistent with the manner in which such New Alpha Services were provided by Abraxis BioScience, Inc. (“Abraxis”) and its Subsidiaries prior to the Effective Date (but not including any historical preference or priority given to New Alpha’s products as compared with Gholdco’s products) and consistent with New Alpha and its Subsidiaries’ provision of such Services for its own business. Except as otherwise provided on Exhibit A, New Alpha Services shall be provided until such date as this Agreement specifies or, with regards to any specific New Alpha Service, such specific New Alpha Service is terminated in accordance with the terms of Article VI.

2.2 Provision of Gholdco Services by Gholdco. Gholdco or its Subsidiaries shall use commercially reasonable efforts to provide, or cause to be provided to, New Alpha and its Subsidiaries each of the Gholdco Services in a manner consistent with the manner in which such Gholdco Services were provided by Abraxis and its Subsidiaries prior to the Effective Time (but not including any historical preference or priority given to New Alpha’s products as compared with Gholdco’s products) and consistent with Gholdco and its Subsidiaries’ provision of such Services for its own business. Except as otherwise provided on Exhibit B, Gholdco Services shall be provided until such date as this Agreement specifies or, with regards to any specific Gholdco Service, such specific Gholdco Service is terminated in accordance with the terms of Article VI.

2.3 Cooperation. The parties acknowledge and agree that: (a) it is impracticable to create an exhaustive list of Services needed to facilitate an orderly transition of the Businesses and, accordingly, Exhibits A and B present general outlines of the scope of the Services to be provided by the parties; and (b) the parties will act in good faith and reasonably cooperate with one another during the term hereof to facilitate an orderly transition of the Businesses.

ARTICLE III

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki