Common use of Spinco Clause in Contracts

Spinco. At the Closing, Spinco will deliver or cause to be delivered to LMC: (i) the Tax Sharing Agreement duly executed by an authorized officer of Spinco; (ii) the Services Agreement duly executed by an authorized officer of Spinco; (iii) the Facilities Sharing Agreement duly executed by an authorized officer of Liberty Property Holdings, Inc. (a Subsidiary of Spinco); (iv) the Lease Agreement duly executed by an authorized officer of Liberty Property Holdings, Inc.; (v) each Aircraft Time Sharing Agreement duly executed by an authorized officer of Spinco; (vi) a secretary’s certificate certifying that the Spinco Board has authorized the execution, delivery and performance by Spinco of this Agreement, the Restructuring Agreements and the Other Agreements, which authorizations will be in full force and effect at and as of the Closing; and (vii) such other documents and instruments as LMC may reasonably request.

Spinco. At the Closing, Spinco will deliver or cause to be delivered to LMC: (i) the Tax Sharing Agreement duly executed by an authorized officer of Spinco; (ii) the Services Agreement duly executed by an authorized officer of Spinco; (iii) the Facilities Sharing Agreement duly executed by an authorized officer of Liberty Property Holdings, Inc. (which will be a Subsidiary of Spinco); (iv) the Lease Agreement duly executed by an authorized officer of Liberty Property Holdings, Inc.Inc. (which will be a Subsidiary of Spinco); (v) each Aircraft Time Sharing Agreement duly executed by an authorized officer of Spinco; (vi) a secretary’s certificate certifying that the Spinco Board has authorized the execution, delivery and performance by Spinco of this Agreement, the Restructuring Agreements and the Other Agreements, which authorizations will be in full force and effect at and as of the Closing; and (vii) such other documents and instruments as LMC may reasonably request.