Contracts; Liabilities Sample Clauses
The "Contracts; Liabilities" clause defines the responsibilities and obligations of each party regarding contracts and any resulting liabilities. Typically, it clarifies which party is accountable for entering into agreements and for any debts, damages, or legal claims that may arise from those contracts. For example, it may specify that one party is solely liable for contracts they sign, or that both parties share liability under certain circumstances. This clause's core function is to allocate risk and prevent disputes by clearly outlining who bears responsibility for contractual obligations and any associated liabilities.
Contracts; Liabilities. MRG shall not, without the prior written consent of Purchaser: (i) amend, alter or terminate any contract to which it is a part except in the ordinary course of business, (ii) enter into or become a party to any plan, contract or agreement except in the ordinary course of business; (iii) borrow or agree to borrow any funds, or otherwise become subject to, by way of guarantee or otherwise, any obligations or liability except in the ordinary course of business and consistent with past practice; or (iv) pay or discharge any claim, liability or obligation, except in the ordinary course of business and consistent with past practice.
Contracts; Liabilities. Schedule 3.8 contains a true and complete list of all material contracts, agreements, leases, instruments and similar or other documents pertaining, directly or indirectly, in whole or in part, to the ownership or operation of the Water System or the Properties to which Bethel is a party or to which the Assets are subject by which (i) Bethel is obligated to pay any amount or to provide any service at any time or (ii) Bethel will receive any amount or to provide any service at any time. Except as set forth in Schedule 3.8, all such contracts, agreements, leases, instruments and documents are valid and in full force and effect, and, to the best of Bethel’s knowledge, no other party to any such contract, agreement, lease, instrument or document has breached any material provision of, or is in default in any material respect under the terms of any such contract, agreement, lease, instrument or document. Except as is set forth to the contrary in Schedule 3.8, no contract, agreement, lease, instrument or document of Bethel will be transferred to Aquarion, and every agreement, lease, instrument and document to be so transferred can be transferred by Bethel to Aquarion pursuant to this Agreement without obtaining the consent of any other party, or such consent has been given in a form reasonably satisfactory to Aquarion. Except as set forth in Schedule 3.8, the Assets are subject to no actual or contingent liabilities of any type whatsoever.
Contracts; Liabilities. MRG shall not, without the prior written consent of BTI: (I) amend, alter or terminate any contract to which it is a part except in the ordinary course of business, (ii) enter into or become a party to any plan, contract or agreement except in the ordinary course of business; (iii) borrow or agree to borrow any funds, or otherwise become subject to, by way of guarantee or otherwise, any obligations or liability except in the ordinary course of business and consistent with past practice; or (iv) pay or discharge any claim, liability or obligation, except in the ordinary course of business and consistent with past practice.
Contracts; Liabilities. ITI shall not, without the prior written consent of CRTZ; (i) amend, alter or terminate any contract to which it is a part except in the ordinary course of business, (ii) enter into or become a party to any plan, contract or agreement except in the ordinary course of business; (iii) borrow or agree to borrow any funds, or otherwise become subject to, by way of guarantee or otherwise, any obligations or liability except in the ordinary course of business and consistent with past practice; or (iv) pay or discharge any claim, liability or obligation, except in the ordinary course of business and consistent with past practice.
Contracts; Liabilities. Seller shall not and shall cause PCKO to not enter into any contracts or incur any liabilities other than in the ordinary course of business or which do not create obligations for PCKO in excess of CDN$250,000 without the prior written consent of Buyer, such consent to not be unreasonably withheld. Seller shall not and shall cause PCKO to not enter into any contracts or transactions with or incur any liabilities to any Affiliates or related parties.
Contracts; Liabilities. 2.1(c) Damages................................................................................10.2(a) Deposit....................................................................................3.2
Contracts; Liabilities. The Company is not a party to any contract, arrangement or agreement, whether oral or in writing, including without limitation, loan agreements, credit lines, promissory notes, mortgages, pledges, guarantees, security agreements, factoring agreements, letters of credit, powers of attorney or other arrangements to loan or borrow money or extend credit. As of the Closing, the Company shall have no debts, liabilities or obligations of any nature (whether absolute, accrued, contingent or otherwise).
Contracts; Liabilities. Each Seller shall not and shall cause each Subsidiary to not enter into any contracts or incur any liabilities other than in the ordinary course of business or which do not create obligations for such Seller in excess of CDN$250,000 without the prior written consent of Buyer, such consent to not be unreasonably withheld. Each Seller shall not and shall cause each Subsidiary to not enter into any contracts or transactions with or incur any liabilities to any Affiliates or related parties.
Contracts; Liabilities. Seller shall not and shall cause Northern Services and TRON to not enter into any contracts or incur any liabilities other than in the ordinary course of business or which do not create obligations for Northern Services or TRON in excess of CDN$250,000 without the prior written consent of Buyer, such consent to not be unreasonably withheld. Seller shall not and shall cause Northern Services and TRON to not enter into any contracts or transactions with or incur any liabilities to any Affiliates or related parties.