Common use of Columbia Liabilities Clause in Contracts

Columbia Liabilities. Except as provided in clause (2) of this Section 4.06(c), the Columbia Parties and the Columbia Retiree Welfare Plans, as applicable, shall retain and be responsible for all claims for retiree welfare benefits (and for any Liabilities arising as a result of such claims) incurred with respect to any Business Employee (and, if applicable, such Business Employee’s participating spouse and/or dependents) or Surviving Dependent on or after the Distribution Date under the Columbia Retiree Welfare Plans, and none of the NiSource Parties nor the NiSource Retiree Welfare Plans shall assume or retain any such Liabilities.

Columbia Liabilities. Except as provided in clause (2b) of this Section 4.06(c)4.03, the Columbia Parties and the Columbia Retiree Welfare Plans, as applicable, shall retain and be responsible for all claims for retiree welfare benefits (and for any Liabilities arising as a result of such claims) incurred with respect to any Business Employee (and, if applicable, such Business Employee’s participating spouse and/or dependents) or Surviving Dependent on or after the Distribution Date under the Columbia Retiree Welfare Plans, and none of the NiSource Parties nor the NiSource Retiree Welfare Plans shall assume or retain any such Liabilities.