Examples of Trust Liabilities in a sentence
Except for the Assumed Liabilities, Purchaser shall have no liability or obligation whatsoever for, and Seller shall retain and continue to be responsible for, all of Seller’s duties, obligations and Liabilities, including the Decommissioning Trust Liabilities and the Seller Plants Liabilities, whether incurred or arising before or after Closing, (all of such retained duties, obligations and Liabilities being referred to herein as the “Excluded Liabilities”).
Further, subject to the right of the Administrator, on behalf of the Trust, to allocate certain Trust Liabilities as provided herein and in any Series Supplement, none of the debts, liabilities, obligations, and expenses incurred, contracted for, or otherwise existing with respect to a particular Series shall be enforceable against the assets of any other Series.
TRUST CLAIM means any claim asserting Trust Liabilities to a Beneficiary.