Common use of Thiokol-▇▇▇▇▇▇ Spinoff Clause in Contracts

Thiokol-▇▇▇▇▇▇ Spinoff. Safety agrees that, at New ▇▇▇▇▇▇'▇ request and expense and subject to New ▇▇▇▇▇▇'▇ obligation to indemnify Safety for such actions, Safety shall act as agent for New ▇▇▇▇▇▇ in making any claim against ▇▇▇▇▇▇ Thiokol, Inc. (now named Thiokol Corporation) in connection with New ▇▇▇▇▇▇'▇ indemnification and similar rights pursuant to the agreements entered into between Thiokol and ▇▇▇▇▇▇ International, Inc. in connection with the 1989 distribution of the capital stock of ▇▇▇▇▇▇ International, Inc. Safety shall not knowingly waive any such rights of New ▇▇▇▇▇▇ without New ▇▇▇▇▇▇'▇ consent. Notwithstanding the foregoing, Safety shall not be obligated to take any actions in furtherance of its obligations under this Section 6.09 if Safety determines, in its reasonable judgment, that taking such actions would entail an undue level of risk to Safety or involve Safety in a substantial controversy or dispute.

Thiokol-▇▇▇▇▇▇ Spinoff. Safety agrees that, at New ▇▇▇▇▇▇'▇ request and expense and subject to New ▇▇▇▇▇▇'▇ obligation to indemnify Safety for such actions, Safety shall act as agent for New ▇▇▇▇▇▇ in making any claim against ▇▇▇▇▇▇ Thiokol, Inc. (now named Thiokol Corporation) in connection with New ▇▇▇▇▇▇'▇ indemnification and similar rights pursuant to the agreements entered into between Thiokol and ▇▇▇▇▇▇ International, Inc. in connection with the 1989 distribution distri- bution of the capital stock of ▇▇▇▇▇▇ International, Inc. Safety shall not knowingly waive any such rights of New ▇▇▇▇▇▇ without New ▇▇▇▇▇▇'▇ consent. Notwithstanding the foregoing, Safety shall not be obligated to take any actions in furtherance further- ance of its obligations under this Section 6.09 if Safety determinesde- termines, in its reasonable judgment, that taking such actions would entail an undue level of risk to Safety or involve Safety in a substantial controversy or dispute.