Treatment of Cash. From the date of this Agreement until the Distribution, except as otherwise provided in this Section 2.7, TriMas will be entitled to use, retain or otherwise dispose of all cash generated by the Horizon Business and the Horizon Assets in accordance with the ordinary course operation of TriMas’s cash management systems. All cash and cash equivalents held by any member of the Horizon Group as of the Distribution will be a Horizon Asset and all cash and cash equivalents held by any member of the TriMas Group as of the Distribution will be a TriMas Asset.
Appears in 4 contracts
Samples: Separation and Distribution Agreement (Trimas Corp), Separation and Distribution Agreement (Horizon Global Corp), Separation and Distribution Agreement (Horizon Global Corp)
Treatment of Cash. (a) From the date of this Agreement until the Distribution, except as otherwise provided in this Section 2.72.6, TriMas will be entitled to use, retain or otherwise dispose of all cash generated by the Horizon Business and the Horizon Assets in accordance with the ordinary course operation of TriMas’s cash management systems. All cash and cash equivalents held by any member of the Horizon Group as of the Distribution will be a Horizon Asset and all cash and cash equivalents held by any member of the TriMas Group as of the Distribution will be a TriMas Asset.
Appears in 1 contract
Samples: Separation and Distribution Agreement (Horizon Global Corp)
