Common use of Claims; Run-out Liability Clause in Contracts

Claims; Run-out Liability. From and after the Transition Date, SpinCo shall in good faith administer all claims incurred under the Health Plans before the Transition Date and any determination made or settlements entered into by SpinCo with respect to such claims shall be final and binding.

Claims; Run-out Liability. From and after the Transition Date, SpinCo shall in good faith administer all claims incurred under the Health Other Welfare Plans before the Transition Date and any determination made or settlements entered into by SpinCo with respect to such claims shall be final and binding.