The Restructuring. Prior to the Distribution, the Company shall take any and all steps necessary and desirable to segregate the assets, liabilities and other accounts properly belonging to each of the Company and ABF so as to assure the smooth and effective transition of the ABF Business after the Distribution. In connection with the restructuring and the assignment of assets and the assumption of liabilities rightfully belonging to each of the Company and ABF, the parties shall execute, or cause to be executed by the appropriate entities, the conveyancing and assumption instruments in such forms as the parties shall reasonably agree.
Appears in 3 contracts
Sources: Plan of Reorganization and Distribution Agreement (Abf Capital Corp), Plan of Reorganization and Distribution Agreement (Abf Capital Corp), Plan of Reorganization and Distribution Agreement (Abf Capital Corp)