REMOVAL OF PACKAGING AS GUARANTOR OF AUTOMOTIVE 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, Packaging and any other member of the Packaging Group removed as a guarantor of, or obligor under or for, any Automotive Liability.
Appears in 4 contracts
Samples: Distribution Agreement (Tenneco Packaging Inc), Distribution Agreement (Tenneco Packaging Inc), Distribution Agreement (Pactiv Corp)
