Costs for Delayed Ventas Assets and Delayed Ventas Liabilities. Any member of the SpinCo Group retaining a Delayed Ventas Asset or Delayed Ventas Liability due to the deferral of the transfer or assignment of such Delayed Ventas Asset or the deferral of the assumption of such Delayed Ventas Liability, as the case may be, shall not be obligated, in connection with the foregoing, to expend any money unless the necessary funds are advanced (or otherwise made available) by Ventas or the member of the Ventas Group entitled to the Delayed Ventas Asset or Delayed Ventas Liability, other than reasonable out-of-pocket expenses, attorneys’ fees and recording or similar fees incurred with Ventas’s prior approval, all of which shall be promptly reimbursed by Ventas or the member of the Ventas Group entitled to such Delayed Ventas Asset or Delayed Ventas Liability.
Appears in 4 contracts
Samples: Separation and Distribution Agreement (Ventas Inc), Separation and Distribution Agreement (Care Capital Properties, Inc.), Separation and Distribution Agreement (Care Capital Properties, Inc.)