Common use of Balance Sheet Liabilities Clause in Contracts

Balance Sheet Liabilities. All of Seafield's liabilities relating to the SLH Business which are referred to or which are reflected on the Balance Sheet as well as such liabilities which have been incurred by the SLH Business since September 30, 1996, other than such liabilities included in the Retained Liabilities (the "Balance Sheet Liabilities" with the such Retained balance sheet liabilities hereinafter referred to as the "Retained Balance Sheet Liabilities").

Appears in 3 contracts

Sources: Distribution Agreement (SLH Corp), Distribution Agreement (SLH Corp), Blanket Assignment, Bill of Sale, Deed and Assumption Agreement (SLH Corp)