Removal of Certain Guarantees; Releases from Liabilities. (a) Except as otherwise specified in any Ancillary Agreement, (i) Spinco shall use its commercially reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, all members of the MSG Group removed as guarantors of or obligors for any Liability of Spinco, including in respect of those guarantees, if any, set forth on Schedule C-1 of this Agreement, and (ii) MSG shall use its commercially reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, all members of the Spinco Group removed as guarantors of or obligors for any Liability of MSG, including in respect of those guarantees, if any, set forth on Schedule C-2 of this Agreement.
Appears in 4 contracts
Samples: Distribution Agreement (MSG Entertainment Spinco, Inc.), Distribution Agreement (Madison Square Garden Co), Distribution Agreement (MSG Entertainment Spinco, Inc.)
Removal of Certain Guarantees; Releases from Liabilities. (a) Except as otherwise specified in any Ancillary Agreement, (i) Spinco shall use its commercially reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, all members of the MSG Networks Group removed as guarantors of or obligors for any Liability of Spinco, including in respect of those guarantees, if any, set forth on Schedule C-1 of this Agreement, and (ii) MSG Networks shall use its commercially reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, all members of the Spinco Group removed as guarantors of or obligors for any Liability of MSGMSG Networks, including in respect of those guarantees, if any, set forth on Schedule C-2 of this Agreement.
Appears in 4 contracts
Samples: Distribution Agreement (Madison Square Garden Entertainment Corp.), Distribution Agreement (Madison Square Garden Co), Distribution Agreement (MSG Spinco, Inc.)
Removal of Certain Guarantees; Releases from Liabilities. (a) Except as otherwise specified in any Ancillary Agreement, (i) Spinco shall use its commercially reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, all members of the MSG Entertainment Group removed as guarantors of or obligors for any Liability of Spinco, including in respect of those guarantees, if any, set forth on Schedule C-1 of this Agreement, and (ii) MSG Entertainment shall use its commercially reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, all members of the Spinco Group removed as guarantors of or obligors for any Liability of MSGMSG Entertainment, including in respect of those guarantees, if any, set forth on Schedule C-2 of this Agreement.
Appears in 3 contracts
Samples: Distribution Agreement (MSGE Spinco, Inc.), Distribution Agreement (Madison Square Garden Entertainment Corp.), Distribution Agreement (MSGE Spinco, Inc.)
