COMMITMENTS AND CONTINGENCIES Clause Samples

COMMITMENTS AND CONTINGENCIES. The QSA JPA may be subject to lawsuits and claims arising out of the normal course of business. As of the date of this disclosure, and to the QSA JPA’s actual knowledge, there are no lawsuits or claims currently pending against the QSA JPA. By way of background, in December 2011, the Court of Appeal upheld the QSA JPA Agreement. (Quantification Settlement Agreement Cases (2011)

COMMITMENTS AND CONTINGENCIES. The Partnership is the subject of, or a party to, a number of pending or threatened legal actions, contingencies and commitments involving a variety of matters, including laws and regulations relating to the environment. Some of these matters are discussed below. For matters for which the Partnership has not recorded an accrued liability, the Partnership is unable to estimate a range of possible losses for the reasons discussed in more detail below. However, the ultimate resolution of some of these contingencies could, individually or in the aggregate, be material.

COMMITMENTS AND CONTINGENCIES. (continued)

COMMITMENTS AND CONTINGENCIES. Lease Commitments At December 31, 2000, the Company was obligated under eighty non-cancelable operating lease agreements with renewal options on properties used principally for branch operations. The Company expects to renew such agreements at expiration in the normal course of business. The leases contain escalation clauses commencing at various times during the lives of the leases. Such clauses provide for increases in the annual rental, based on increases in the consumer price index. At December 31, 2000, the Company had entered into several non-cancelable operating lease agreements for rental of Bank-owned properties. The leases contain escalation clauses that provide for periodic increases in the annual rental, again based on increases in the consumer price index. The projected minimum annual rental commitments under these leases, exclusive of taxes and other charges, are summarized as follows: (in thousands) Rental Income Rental Expense -------------------------------------------------------------------------------- 2001 $1,245 $ 5,557 2002 1,138 4,532 2003 1,055 3,097 2004 820 2,534 2005 810 2,250 2006 and thereafter 1,371 14,425 -------------------------------------------------------------------------------- Total minimum future rentals $6,439 $32,395 ================================================================================ Included in "occupancy and equipment expense," the rental expense under these leases was approximately $1,072,000, $485,000, and $446,000 for the years ended December 31, 2000, 1999, and 1998, respectively. Rental income on Bank-owned properties, netted in occupancy and equipment expense, was approximately $1.1 million, $1.3 million, and $1.2 million for the corresponding periods. On December 15, 2000, the Company relocated its corporate headquarters to the former headquarters of Haven Bancorp, in Westbury, New York. Haven had purchased the office building and land in December 1997 under a lease agreement and Payment-in-lieu-of-Tax ("PILOT") agreement with the Town of Hempstead Industrial Development Agency ("▇▇▇") which has been assumed by the Company. Under the ▇▇▇ and PILOT agreements, the Company assigned the building and land to the ▇▇▇, is subleasing it for $1.00 per year for a 10-year period, and will repurchase the building for $1.00 upon expiration of the lease term in exchange for ▇▇▇ financial assistance.

COMMITMENTS AND CONTINGENCIES. ENVIRONMENTAL MATTERS - The Company is subject to extensive and evolving federal, state, and local environmental laws and regulations in the United States and elsewhere that have been enacted in response to technological advances and the public's increased concern over environmental issues. As a result of changing governmental attitudes in this area, management anticipates that the Company will continually modify or replace facilities and alter methods of operation. The majority of the expenditures necessary to comply with the environmental laws and regulations are made in the normal course of business. Although the Company, to the best of its knowledge, is in compliance in all material respects with the laws and regulations affecting its operations, there is no assurance that the Company will not have to expend substantial amounts for compliance in the future. LITIGATION - As of June 30, 1998, the Company or its subsidiaries has been notified that they are potentially responsible parties ("PRPs") in connection with eight locations listed on the Superfund National Priorities List ("NPL"). None of the eight NPL sites at which claims have been made against the Company are owned by the Company, and they are at different procedural stages under Superfund. At six of the NPL sites, the Company's liability is well defined as a consequence of a governmental decision as to the appropriate remedy. At the others, where investigations have not been completed, remedies have not been selected or responsible parties have been unable to reach an agreement, the Company's liability is less certain. While the Company, based on its status reviews of its PRP claims, does not currently anticipate that the amount of such liabilities will have a material adverse effect on the Company's operations, financial condition or cash flows, the measurement of environmental liabilities is inherently difficult and the possibility remains that technological, regulatory or enforcement developments, the results of environmental studies, or other factors could materially alter this expectation at any time. The Company and certain of its subsidiaries are parties to various other litigation matters arising in the ordinary course of business. Management believes that the ultimate resolution of these matters will not have a material adverse effect on the Company's financial position, results of operations or cash flows. In the normal course of its business and as a result of the extensive governmen...

COMMITMENTS AND CONTINGENCIES. The Company is party to various legal proceedings in the ordinary course of business which it does not believe will result, in the aggregate, in a material adverse effect on its financial position or results of operations. -------------------------------------------------------------------------------- Telewest Communications plc --------------------------------------------------------------------------------

COMMITMENTS AND CONTINGENCIES. In the normal course of business, there are outstanding various commitments and contingent liabilities, such as commitments to extend credit and legal claims, which are not reflected in the financial statements. Commitments under outstanding standby letters of credit totaled $224,000 at June 30, 1999 and 1998. The following is a summary of the commitments to extend credit at June 30, 1999: 1999 1998 ---- ---- Loan commitments: Fixed rate $ 685,125 $1,585,597 Adjustable rate 1,183,000 - Undisbursed commercial and personal lines of credit 4,393,796 1,628,128 Undisbursed portion of construction loans in process 4,019,310 1,932,310 Other loans in process 159,603 249,893 ----------- ---------- Total commitments to extend credit $10,440,834 $5,395,928 =========== ==========

COMMITMENTS AND CONTINGENCIES. Financial instruments -- Letters of credit, performance bonds and other guarantees have been provided by the Company to support tax-exempt bonds, performance of landfill final closure and post-closure requirements, insurance contracts, and other contracts. The insurance policies are issued by a wholly-owned insurance company subsidiary of the Company, the sole business of which is to issue such policies to customers of the Company. In those instances where the use of captive insurance is not acceptable, the Company has available alternative bonding mechanisms. The Company has not experienced difficulty in obtaining performance bonds or letters of credit for its current operations. Because virtually no claims have been made against these financial instruments in the past, management does not expect these instruments will have a material adverse effect on the Company's consolidated financial statements. Environmental matters -- The continuing business in which the Company is engaged is intrinsically connected with the protection of the environment. As such, a significant portion of the Company's operating costs and capital expenditures could be characterized as costs of environmental protection. Such costs may increase in the future as a result of legislation or regulation, however, the Company believes that in general it tends to benefit when environmental regulation increases, which may increase the demand for its services, and that it has the resources and experience to manage environmental risk. See Note 6 for further discussion. Litigation -- In February 1998, WM Holdings announced a restatement of prior-period earnings for 1991 and earlier as well as for 1992 through 1996 and the first three quarters of 1997. Many actions were brought or claims made against WM Holdings as a result of this restatement, as set forth in earlier quarterly and year-end reports made by the Company. The Company has resolved many of these actions and claims, as discussed in earlier filings. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED) The following actions with respect to WM Holdings, however, are still outstanding. In July 1998, a business owner who received WM Holdings common stock in the sale of his business to WM Holdings brought a purported class action against that company alleging breach of warranty. In October 1999, the court certified a class consisting of all sellers of business assets to WM Holdings between January 1, 1990, and February 24, 19...

COMMITMENTS AND CONTINGENCIES. Corel rents office premises and sponsors various sporting events and venues. At November 30, 2003, the minimum unaccrued commitments under long-term agreements, are as follows: LEASES SPONSORSHIP TOTAL ------ ----------- ------- 2004 $3,351 $ 1,090 $ 4,441 2005 1,745 1,123 2,868 2006 1,014 1,157 2,171 2007 542 1,191 1,733 2008 96 1,227 1,323 2009 and thereafter 431 12,839 13,270 ------ ------- ------- $7,179 $18,627 $25,806 ====== ======= ======= Corel is a party to a number of additional claims arising in the ordinary course of business relating to employment, intellectual property and other matters. Based on its review of the individual matters, Corel believes that such claims, individually, will not have a material adverse effect on its business, financial position or results of operations but, in the aggregate, may have a material adverse effect on its business, financial position or results of operations. Such possible effect cannot be reasonably estimated at this time.