Common use of SpinCo Financing Arrangements Clause in Contracts

SpinCo Financing Arrangements. (a) Prior to the Effective Time, SpinCo and/or other members of the SpinCo Group will enter into the SpinCo Financing Arrangements, on such terms and conditions as agreed by Parent. (b) The Parties agree that SpinCo or another member of the SpinCo Group, as the case may be, and not Parent or any member of the Parent Group, are and shall be responsible for all costs and expenses incurred in connection with the SpinCo Financing Arrangements. (c) Prior the Effective Time, Parent and SpinCo shall cooperate in the preparation of all materials as may be necessary or advisable to execute the SpinCo Financing Arrangements, including rating agency presentations necessary to obtain the requisite ratings needed to secure financing under the SpinCo Financing Arrangements.