Common use of ALLOCATION OF BENEFITS AND LIABILITIES Clause in Contracts

ALLOCATION OF BENEFITS AND LIABILITIES. Except as expressly provided otherwise in an Ancillary Agreement, Tenneco and Packaging each shall use its commercially reasonable efforts to allocate and provide to the other party to the greatest extent feasible the economic and operational benefits and liabilities of the 1996 Distribution Agreement and the 1996 Debt and Cash Allocation Agreement, which allocation shall be based on the nature of the underlying asset or liability giving rise to the allocated benefit or liability. To the extent such benefit or liability is derived from or relates to an Automotive Asset, an Automotive Liability, the Automotive Business, or the Prior Automotive Business, it shall be allocated to Tenneco. To the extent such benefit or liability is derived or related to a Packaging Asset, a Packaging Liability, the Packaging Business, or the Prior Packaging Business, it shall be allocated to Packaging.

ALLOCATION OF BENEFITS AND LIABILITIES. Except as expressly provided otherwise in an Ancillary Agreement, Tenneco and Packaging each shall use its commercially reasonable efforts to allocate and provide to the other party to the greatest extent feasible the economic and operational benefits and liabilities of the 1996 Distribution Agreement and the 1996 Debt and Cash Allocation Agreement, which allocation shall be based on the nature of the underlying asset or liability giving rise to the allocated benefit or liability. To the extent such benefit or liability is derived from or relates to an Automotive Asset, an Automotive Liability, the Automotive Business, or the Prior Automotive Business, it shall be allocated to Tenneco. To the extent such benefit or liability is derived from or related relates to a Packaging Asset, a Packaging Liability, the Packaging Business, or the Prior Packaging Business, it shall be allocated to Packaging.