Removal of Certain Guarantees. (a) REMOVAL OF TENNECO AS GUARANTOR OF PACKAGING LIABILITIES. Except as otherwise contemplated in the Corporate Restructuring Transactions or otherwise specified in any Ancillary Agreement, each of Tenneco and Packaging shall use its commercially reasonable efforts to have, on or prior to the Distribution Date, or as soon as practicable thereafter, Tenneco and any other member of the Automotive Group removed as a guarantor of, or obligor under or for, any Packaging Liability.
Appears in 4 contracts
Samples: Distribution Agreement (Tenneco Packaging Inc), Distribution Agreement (Tenneco Packaging Inc), Distribution Agreement (Pactiv Corp)
