Common use of No Extraordinary Actions on the Distribution Date Clause in Contracts

No Extraordinary Actions on the Distribution Date. Except for Covered Transactions, SpinCo shall not, and shall not permit any Transferred Entity to, take any action outside of the ordinary course of business on the Distribution Date after the Merger Effective Time.

Appears in 3 contracts

Samples: Tax Matters Agreement (Essendant Inc), Separation Agreement (Genuine Parts Co), Separation Agreement (Essendant Inc)

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No Extraordinary Actions on the Distribution Date. Except for Covered Transactionsas expressly contemplated by this Agreement, SpinCo the Contribution and Distribution Agreement, the Merger Agreement or any Ancillary Agreement, Spinco shall not, and shall not permit any Transferred Spinco Entity to, take any action outside of the ordinary course of business on the Distribution Date after the Merger Effective TimeDistribution.

Appears in 3 contracts

Samples: Tax Matters Agreement (Xpedx Holding Co), Tax Matters Agreement, Tax Matters Agreement

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