Solvency and Liquidity. Prior to the Distribution, the Parties shall take all actions as KAR may determine to be reasonably necessary and desirable to provide for the liquidity and solvency of the KAR Group and the SpinCo Group as of immediately after the Distribution, including, without limitation, the transfer of sufficient cash, cash equivalents or other Assets to enable SpinCo and the SpinCo Group to be reasonably capitalized for the operation of their respective businesses and to pay their respective liabilities, including contingent and other liabilities, as they mature.
Appears in 5 contracts
Samples: Separation and Distribution Agreement (IAA Spinco Inc.), Separation and Distribution Agreement (IAA Spinco Inc.), Separation and Distribution Agreement (IAA Spinco Inc.)
