Liabilities Defined Sample Clauses
The 'Liabilities Defined' clause establishes what types of obligations, debts, or responsibilities are considered liabilities under the agreement. It typically clarifies whether liabilities include direct, indirect, contingent, or future obligations, and may specify if certain types of damages or losses are covered. By clearly outlining the scope of liabilities, this clause ensures both parties understand their potential exposures and helps prevent disputes over what constitutes a liability in the context of the contract.
Liabilities Defined. As used in this Agreement, the term "Liability" shall mean and include any direct or indirect indebtedness, guaranty, endorsement, claim, loss, damage, deficiency, cost, expense, obligation or responsibility, fixed or unfixed, known or unknown, asserted or unasserted, liquidated or unliquidated, secured or unsecured.
Liabilities Defined. 2 No Liabilities of Sellers Assumed..................................................................................... 2 Liabilities of LLC............................................................................................................ 2 Liabilities Arising from Acts or Omissions of Buyer........................................................... 3
Liabilities Defined. The term "
Liabilities Defined. For purposes of this Agreement, ---------------------- "Liabilities" shall mean any and all liabilities to third parties and expenses incurred in connection therewith, including, without limitation, claims, adversary proceedings (whether before a court, administrative agency or any other tribunal), damages (whether compensatory, multiple, exemplary or punitive), judgments, awards, fines, penalties, settlements, investigations, costs, and attorneys fees and disbursements.
Liabilities Defined. Except as expressly limited, the term “Liabilities” as used in this Restructuring Agreement means all liabilities, claims, demands, actions, damages, fines, penalties, remedial or corrective action costs, and causes of action whatsoever, including without limitation the reasonable fees and disbursements of the applicable Party’s external attorneys and their staff, and costs and expenses, including but not limited to costs of consultants and experts and other litigation costs reasonably incurred in investigating, preparing, prosecuting or defending against any litigation or claim, action, suit, proceeding or demand of any kind or character for which indemnification is provided hereunder. The term “Liabilities” specifically and expressly includes: (i) all liabilities of any kind or character arising out of or related to the contamination of the SJGS Plant Site by any hazardous substance, hazardous waste or any environmental pollutant or contaminant; or (ii) the violation of any permit applicable to SJGS; or
Liabilities Defined. 2 2.2 No Liabilities of Seller Assumed.............................. 2 2.3
Liabilities Defined. As used in this Section 16, "Liabilities" shall include all damages, deficiencies, obligations, assessments, judgments, fines, penalties, costs, expenses (including response costs, remediation expense, consultant fees, reasonable attorneys' fees, expert witness fees or court costs) and all other losses or expenses of any kind arising out of or in any way connected with any claim, action, suit, proceeding, investigation or inquiry initiated or undertaken against the Indemnitee, whether or not successfully prosecuted.
Liabilities Defined. The term “liabilities of the Borrower” shall include all liabilities direct or contingent, joint, several or independent, of the Borrower now or hereafter existing, due or to become due to, or held or to be held by, the Lender for its own account or as agent for another or others, whether created directly or acquired by assignment or otherwise. In the event that the Borrower is a corporation, partnership, limited partnership, limited liability company, limited liability partnership or any other entity, the term “liabilities of the Borrower” as used herein shall include all liabilities of any successor corporation(s), or partnership(s), limited partnership(s), limited liability company(s), limited liability partnership(s) or any other entity(s), to the Lender, direct or contingent, joint, several or independent, now or hereafter existing, due or to become due to, or held or to be held by the Lender, whether created directly or acquired by assignment or otherwise.