Common use of PROVISION, TRANSFER AND DELIVERY OF AUTOMOTIVE RECORDS Clause in Contracts

PROVISION, TRANSFER AND DELIVERY OF AUTOMOTIVE RECORDS. Packaging shall (and shall cause each other member of its Group over which it has legal or effective direct or indirect control to) arrange as soon as practicable following the Distribution Date for the transportation (at Tenneco's cost) to Tenneco of the Books and Records in its possession, if any, (i) that relate primarily to the Automotive Business or are necessary to operate the Automotive Business (collectively, the "AUTOMOTIVE RECORDS"), (ii) that relate to any Tenneco business other than the Packaging Business, or (iii) that consist of the corporate minutes of the Board of Directors (or committees thereof) of Tenneco or otherwise relate to the business, administrative and management operations of Tenneco as the parent holding company of the Automotive Business, Packaging Business and all other Tenneco businesses or operations (collectively, the "TENNECO CORPORATE RECORDS") except to the extent such items are already in the possession of any member of the Automotive Group. The Automotive Records and the Tenneco Corporate Records shall be the property of Tenneco, but shall be available to Packaging for review and duplication, at its cost, pursuant to the terms of this Agreement.

Appears in 3 contracts

Samples: Distribution Agreement (Pactiv Corp), Distribution Agreement (Tenneco Packaging Inc), Distribution Agreement (Tenneco Packaging Inc)

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PROVISION, TRANSFER AND DELIVERY OF AUTOMOTIVE RECORDS. Packaging shall (and shall cause each other member of its Group over which it has legal or effective direct or indirect control to) arrange as soon as practicable following the Distribution Date for the transportation (at Tenneco's cost) to Tenneco of the Books and Records in its possession, if any, (i) that relate primarily to the Automotive Business or are necessary to operate the Automotive Business (collectively, the "AUTOMOTIVE RECORDS"), (ii) that relate to any Tenneco business other than the Packaging Business, or (iii) that consist of the corporate minutes of the Board of Directors (or committees thereof) of Tenneco or otherwise relate to the business, administrative and management operations of Tenneco as the parent holding company of the Automotive Business, Packaging Business and all other Tenneco businesses or operations (collectively, the "TENNECO CORPORATE RECORDS") except to the extent such items are already in the possession of any member of the Automotive Group. The Automotive Records and the Tenneco Corporate Records shall be the property of Tenneco, but shall be available to Packaging for review and duplication, at its cost, pursuant to the terms of this Agreement.. TENNECO DISTRIBUTION AGREEMENT

Appears in 1 contract

Samples: Distribution Agreement (Tenneco Packaging Inc)

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