Liabilities for Clause Samples
The 'Liabilities for' clause defines the specific responsibilities and obligations that a party assumes under a contract, particularly regarding losses, damages, or legal claims. This clause typically outlines which party is accountable for certain types of harm or financial loss, such as property damage, personal injury, or third-party claims arising from the agreement. By clearly allocating liability, the clause helps prevent disputes over who must bear the costs or consequences of specific events, ensuring both parties understand their risk exposure and responsibilities.
Liabilities for. (1) Taxes of the Seller or any of its Affiliates, whether arising prior to or after the Closing Date;
(2) or relating to Taxes with respect to the Product Business or the Purchased Assets for any Pre-Closing Tax Period; and
(3) [***] of any Transfer Taxes. provided, that, in each case of Sections 2.2.2(b)(i)(1) and 2.2.2(b)(i)(2), responsibility for Apportioned Obligations shall be determined in accordance with Section 6.11.1; and provided, further, for the avoidance of doubt, that Section 2.2.2(b)(i)(1) shall not include any Liability for or relating to Taxes with respect to the Product Business or the Purchased Assets for any Post-Closing Tax Period;
Liabilities for. Taxes of the Seller or any of its Affiliates, whether arising prior to or after the Closing Date;
Liabilities for various environmental matters, including clean-up costs associated with certain hazardous waste disposal sites and natural resource damages, not resolved as part of the Cases, and not discharged in the action currently pending before the U.S. District Court for the Southern District of New York against the United States and various states seeking the discharge in connection with the Cases of environmental liabilities relating to formerly owned or operated sites and third-party sites. Notwithstanding the result of the foregoing action, the Borrower and its Subsidiaries expect to retain responsibility for environmental clean-up liabilities relating to currently owned or operated sites.