Transfer of Excluded Assets; Assumption of Excluded Liabilities. (a) To the extent that any Excluded Asset is transferred or assigned to, or any Excluded Liability is assumed by, a member of the Corner Store Group at the Distribution Date or is owned or held by a member of the Corner Store Group after the Distribution Date, from and after the Distribution Date, any such Excluded Asset or Excluded Liability shall be held by such member of the Corner Store Group for the use and benefit of the member of the Valero Group entitled thereto (at the expense of the member of the Valero Group entitled thereto) in accordance with Section 2.5(c), subject to Section 2.5(b) and:
Appears in 4 contracts
Samples: Separation and Distribution Agreement, Separation and Distribution Agreement (CST Brands, Inc.), Separation and Distribution Agreement (CST Brands, Inc.)
