Common use of Balance Sheet Liabilities Clause in Contracts

Balance Sheet Liabilities. All liabilities (including all ------------------------- deferred revenue) of Seller or any Assigning Subsidiary that shall have been accrued on the Closing Date Balance Sheet, but only to the extent the same shall have arisen out of the conduct of the Business and not out of the conduct of any other business conducted by Seller or any of its affiliates; and

Appears in 2 contracts

Sources: Termination Agreement (Sterling Software Inc), Termination Agreement (Sterling Commerce Inc)