Completion of the Separation. The Separation shall have been completed and (i) as of the Effective Time, New Worthington and the other members of the New Worthington Group shall have no further Liability whatsoever under the Worthington Steel Loan Documents (including in connection with any guarantees provided by any member of the New Worthington Group) and (ii) as of the Effective Time, Worthington Steel and the other members of the Worthington Steel Group shall have no further liability whatsoever under the New Worthington Loan Documents (including in connection with any guarantees provided by any member of the Worthington Steel Group).
Appears in 3 contracts
Sources: Separation and Distribution Agreement (Worthington Enterprises, Inc.), Separation and Distribution Agreement (Worthington Steel, Inc.), Separation and Distribution Agreement (Worthington Steel, Inc.)