Common use of Assumed Actions Clause in Contracts

Assumed Actions. (i) As of the Time of Distribution, OpCo shall assume and thereafter, except as provided in Article V, be responsible for the administration of all Liabilities that may result from the OpCo Assumed Actions and all fees and costs relating to the defense of the OpCo Assumed Actions, including attorneys’ fees and costs incurred after the Time of Distribution. “

Appears in 4 contracts

Samples: Separation and Distribution Agreement, Separation and Distribution Agreement (Gaming & Leisure Properties, Inc.), Separation and Distribution Agreement (PNK Entertainment, Inc.)

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Assumed Actions. (i) As of the Time of Distribution, OpCo shall assume and thereafter, except as provided in Article V, be responsible for the administration of all Liabilities that may result from the OpCo Assumed Actions and all fees and costs relating to the defense of the OpCo Assumed Actions, including attorneys’ fees and costs incurred after the Time of Distribution. “Liabilities

Appears in 3 contracts

Samples: Agreement and Plan of Merger (PNK Entertainment, Inc.), Separation and Distribution Agreement (PNK Entertainment, Inc.), Agreement and Plan of Merger (Pinnacle Entertainment Inc.)

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