FUTURE LIABILITIES Clause Samples
The FUTURE LIABILITIES clause defines how obligations or responsibilities that arise after the contract’s execution or termination are handled between the parties. It typically specifies which party will be responsible for debts, claims, or other liabilities that may emerge in the future, even if they were not known at the time the contract was signed. This clause is essential for allocating risk and ensuring that both parties understand their ongoing responsibilities, thereby preventing disputes over unforeseen obligations that may surface after the contractual relationship ends.
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FUTURE LIABILITIES. Each Spouse warrants to the other that they shall not incur, after the effective date of this Agreement, any liability for which the other shall be or may become personally liable or that could be enforced against an asset held by the other Spouse.
a.) If either Spouse incurs, after the effective date of this Agreement, any liability for which the other shall be or may become personally liable or that could be enforced against an asset held by the other Spouse, that warrantor shall indemnify the other for any liability on the obligation, attorney fees, and related costs.
FUTURE LIABILITIES. Notwithstanding the above sub-paragraph, in the event that Annual Conference is ever held liable for any conduct of Local Church for actions of Local Church before the effective date of this Agreement, then Local Church agrees to indemnify and hold harmless Annual Conference for such liability. Examples of such liability may come from but are not limited to liability that may arise from claims against Annual Conference due to the relationship of Local Church to a Boy Scout Unit, sexual harassment or assault allegations, boundary line or property use disputes, employment issues, negligence, tax matters, etc.
FUTURE LIABILITIES. All liabilities and obligations arising out of the operation by Buyer of the Assets after the date hereof.
FUTURE LIABILITIES. Seller shall not be responsible or liable for any future actions or liabilities of Buyer in connection with the use of the Domain Names following the Closing Date, except to the extent such action or liability is caused by or related to any breach by Seller of any representation, warranty, agreement or covenant contained in this Agreement.
FUTURE LIABILITIES. Notwithstanding the release of Local Church in Paragraph 7, in the event the Conference is ever sued, threatened with claim or suit or held liable for any conduct or actions of Local Church occurring before the Disaffiliation Date and arising from sexual misconduct, harassment or assault, or any relationship of Local Church to a scouting unit or organization, then Local Church agrees to indemnify, reimburse and hold the Conference harmless from such liability, including Conference costs and attorney fees incurred in defense of any such claim or suit.
FUTURE LIABILITIES. Any liabilities or obligations of any kind or nature whatsoever arising out of or in connection with Buyer's conduct of the Data Center or the ownership or use of the Assets after the Closing, except for the Excluded Liabilities.
FUTURE LIABILITIES. At the end of the concession period, there will be assets and liabilities on the surface under concession. Some environmental liabilities that may be found are, for instance: • Repositories (Hazardous and Household-like Waste) • Historical liabilities the remediation of which has not been completed may be included in this item. • Current Liabilities (resulting from the operation) that are in process or the treatment of which has not yet begun. • Plants and Facilities that have reached the end of their useful life. • ▇▇▇▇▇ that must be abandoned. Six months before the end of the concession period an environmental audit of the area will be SUBMITTED to certify the environmental condition of such area; it will be performed by an external firm registered with the registry of environmental consultants and evaluated by the Secretary of Environment and Climate Change. If there are any remaining environmental liabilities, the CONCESSIONAIRE will present to the Secretary of Hydrocarbons a REMEDIATION PERFORMANCE BOND posted by the CONCESSIONAIRE to guarantee compliance of the obligations undertaken in the PREVIOUS sections, for an amount equal to the total cost of the identified liabilities.