LITIGATION LIABILITY Sample Clauses

LITIGATION LIABILITY. 1) At General Motors’ discretion, the Daily Rental Company may be named in any litigation brought against General Motors as a result of the rental company’s failure to disclose damages or use of non-GM OEM parts. If a Daily Rental Company attempts to return vehicles with non-disclosed damage or purposely conceals prior repairs, it will result in loss of turn-back privileges.

LITIGATION LIABILITY. Any and all Liabilities of the Company with respect to any action, suit, proceeding, arbitration, investigation or inquiry, whether civil, criminal or administrative (collectively “Litigation”), whether or not described in Schedule 5.9, that relate to the Purchased Assets and that arose prior to the Closing Date.

LITIGATION LIABILITY. Non-disclosure of damages or the use of non-GM OEM parts by the Major Daily Rental Company may result, at GM's discretion, in the Major Daily Rental Company being named as a participant in any litigation brought against GM. If a Major Daily Rental Company attempts to return vehicles with non-disclosed damage, or purposely conceal prior repairs, it will result in GM refusing to accept additional vehicles for turn-back. Attachment 1C and 3CGENERAL MOTORS 2007 CALENDAR YEARDAILY RENTAL GUARANTEED RESIDUAL PROGRAMTURN-IN STANDARDS and PROCEDURESEffective for all vehicles inspected and accepted on or after March 19, 2007

LITIGATION LIABILITY. The Trustee will contest and defend each Litigation Liability to final judgment, and contest each disputed indemnity claim for Losses to final resolution under Section 5.4(b)(iii) hereof, including appropriate appeals, or settle as an appropriate resolution of the Litigation Liability or the indemnity claim for Losses, as it may determine in its discretion to be in the best interests of the Beneficiaries, but subject to the requirements of this Agreement.

LITIGATION LIABILITY. Except as set forth in SCHEDULE 2.1(I) attached hereto, there is no action, assertion of breach, investigation or proceeding pending or, to the best knowledge of Seller, threatened against or involving the Purchased Assets or the Seller, and to the best knowledge of Seller after due inquiry, there are no facts based on which material assertions of breach may be hereafter made against the Purchased Assets or the Seller.