Completion of the Internal Distribution and Second Contribution. The Internal Distribution and the Second Contribution shall have been completed in accordance with the Restructuring Steps Memorandum and RemainCo shall be satisfied in its sole discretion that, as of the Effective Time, it shall have no further Liability whatsoever under the SpinCo Credit Facility (including in connection with any guarantees provided by any member of the RemainCo Group).
Appears in 2 contracts
Samples: Separation and Distribution Agreement (Archrock, Inc.), Separation and Distribution Agreement (Exterran Corp)
Completion of the Internal Distribution and Second Contribution. The Internal Distribution and the Second Contribution shall have been completed in accordance with the Restructuring Steps Memorandum and RemainCo shall be satisfied in its sole discretion that, as of the Effective Time, it shall have no further Liability whatsoever under the SpinCo Credit Facility Financing Arrangements (including in connection with any guarantees provided by any member of the RemainCo Group).
Appears in 2 contracts
Samples: Separation and Distribution Agreement (Exterran Corp), Separation and Distribution Agreement (Exterran Corp)
