EXCEPT TO THE EXTENT OTHERWISE PROVIDED IN THE SEPARATION AGREEMENT OR AS OTHERWISE REQUIRED BY APPLICABLE LAW, SPINCO AGREES THAT UNDER NO CIRCUMSTANCES WILL PARENT OR ITS AFFILIATES BE RESPONSIBLE FOR THE PERFORMANCE BY SPINCO IN ANY RESPECT OF THE SUBJECT CONTRACTS OR TO ANY SPINCO COMPANY FOR ANY LOSS OR DAMAGE ARISING OUT OF OR RELATED TO SPINCO’S PERFORMANCE OF THE SUBJECT CONTRACTS AFTER THE EFFECTIVE DATE OF THIS AGREEMENT. SPINCO, ON BEHALF OF ITSELF AND THE OTHER SPINCO COMPANIES, FOREVER WAIVES, RELEASES AND DISCHARGES PARENT AND ITS AFFILIATES FROM ANY AND ALL CAUSES OF ACTION WHATSOEVER AT LAW OR IN EQUITY THAT MAY ARISE FROM OR IN CONNECTION WITH SPINCO’S PERFORMANCE OF THE SUBJECT CONTRACTS AFTER THE EFFECTIVE DATE OF THIS AGREEMENT.