Balance Sheet Amounts. SpinCo shall assume any and all balance sheet liability that relates to any Liability assumed by it under this Agreement as of the Close of the Distribution Date or thereafter. The balance sheet liabilities to be assumed pursuant to this Section shall be determined by Acuity in its sole discretion consistent with past accounting practices, consistently applied.
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Samples: Employee Benefits Agreement (Zep Inc.), Employee Benefits Agreement (Acuity SpinCo, Inc.), Employee Benefits Agreement (Zep Inc.)
Balance Sheet Amounts. SpinCo Spinco shall assume any and all balance sheet liability that relates to any Liability assumed by it under this Agreement as of the Close of the Distribution Date or thereafter. The balance sheet liabilities to be assumed pursuant to this Section shall be determined by Acuity NSI in its sole discretion consistent with past accounting practices, consistently applied.
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