{"component": "clause", "props": {"groups": [{"samples": [{"hash": "7CNgOQXVbeH", "uri": "/contracts/7CNgOQXVbeH#maximum-liabilities", "label": "Merger Agreement (Angstrom Technologies Corp.)", "score": 20.0, "published": true}, {"hash": "4b4i35gtxfl", "uri": "/contracts/4b4i35gtxfl#maximum-liabilities", "label": "Merger Agreement (Angstrom Technologies Corp.)", "score": 20.0, "published": true}], "snippet_links": [{"key": "prior-to-closing", "type": "clause", "offset": [12, 28]}, {"key": "professional-fees", "type": "clause", "offset": [41, 58]}, {"key": "liabilities-or-obligations", "type": "clause", "offset": [82, 108]}, {"key": "direct-or-indirect", "type": "clause", "offset": [116, 134]}, {"key": "in-the-aggregate", "type": "definition", "offset": [203, 219]}], "size": 2, "snippet": "Immediately prior to Closing, other than professional fees, ATC will not have any liabilities or obligations either direct or indirect, matured or unmatured, absolute, contingent or otherwise that could in the aggregate exceed $165,000, which have not been paid or discharged at that time.", "hash": "b7aeb9869530f8a9fe3d69b32a11d05a", "id": 1}, {"samples": [{"hash": "laTM3QL7u33", "uri": "/contracts/laTM3QL7u33#maximum-liabilities", "label": "Merger Agreement (Genesis Capital Corp of Nevada)", "score": 21.0, "published": true}, {"hash": "ajxARtOg4J0", "uri": "/contracts/ajxARtOg4J0#maximum-liabilities", "label": "Merger Agreement (Genesis Capital Corp of Nevada)", "score": 20.0, "published": true}], "snippet_links": [{"key": "prior-to-closing", "type": "clause", "offset": [12, 28]}, {"key": "liabilities-or-obligations", "type": "clause", "offset": [56, 82]}, {"key": "direct-or-indirect", "type": "clause", "offset": [90, 108]}], "size": 2, "snippet": "Immediately prior to Closing, Genesis will not have any liabilities or obligations either direct or indirect, matured or unmatured, absolute, contingent or otherwise, which have not been paid or discharged at that time.", "hash": 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Article IX exceed the aggregate amount of the Purchase Price.", "hash": "f1b681f944fa09876c2ce736b173e5b1", "id": 3}, {"samples": [{"hash": "1C06Ruwz8Id", "uri": "/contracts/1C06Ruwz8Id#maximum-liabilities", "label": "Merger Agreement (Dma Holdings Inc /In)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-closing", "type": "clause", "offset": [0, 11]}, {"key": "liability-amount", "type": "clause", "offset": [16, 32]}, {"key": "sum-of", "type": "clause", "offset": [133, 139]}, {"key": "aggregate-amount", "type": "definition", "offset": [178, 194]}, {"key": "the-liabilities", "type": "clause", "offset": [198, 213]}, {"key": "current-liabilities-of-the-company", "type": "definition", "offset": [230, 264]}, {"key": "the-principal-amount", "type": "definition", "offset": [435, 455]}, {"key": "indebtedness-of-the-company", "type": "definition", "offset": [473, 500]}, {"key": "generally-accepted-accounting-principles", "type": "definition", "offset": [527, 567]}, {"key": "current-liability", "type": "definition", "offset": [573, 590]}, {"key": "the-fact", "type": "clause", "offset": [604, 612]}, {"key": "within-one-year", "type": "definition", "offset": [650, 665]}, {"key": "without-duplication", "type": "clause", "offset": [698, 717]}, {"key": "in-clause", "type": "clause", "offset": [742, 751]}, {"key": "unpaid-accrued-interest", "type": "definition", "offset": [792, 815]}, {"key": "the-excess", "type": "clause", "offset": [903, 913]}, {"key": "assets-of-the-company-and-its-subsidiaries", "type": "clause", "offset": [1096, 1138]}, {"key": "the-foregoing", "type": "definition", "offset": [1151, 1164]}, {"key": "consolidated-basis", "type": "clause", "offset": [1187, 1205]}, {"key": "time-of-the", "type": "clause", "offset": [1216, 1227]}, {"key": "in-accordance-with", "type": "clause", "offset": [1236, 1254]}], "size": 2, "snippet": "The Closing Net Liability Amount shall not ------------------- be greater than $33,950,000. \"Closing Net Liability Amount\" means the sum of: ---------------------------- (i) the aggregate amount of the liabilities, other than the current liabilities of the Company and its Subsidiaries, (ii) the aggregate amount of the current portions of all non-current liabilities of the Company and its Subsidiaries (e.g., the portion, if any, of the principal amount of any long-term indebtedness of the Company which is classified under generally accepted accounting principles as a current liability by virtue of the fact that such portion is due and payable within one year of the time in question), (iii) without duplication of any amount described in clause (ii) above, the aggregate amount of all unpaid accrued interest which is part of the current liabilities of the Company and its Subsidiaries, and (iv) the excess, if any, of the aggregate amount of the current liabilities of the Company and its Subsidiaries not described in clause (ii) or clause (iii) over the aggregate amount of the current assets of the Company and its Subsidiaries; in each of the foregoing cases determined on a consolidated basis as of the time of the Closing in accordance with generally accepted accounting principles;", "hash": "86fbbaa919defc9a69dbb66cef744b7e", "id": 4}, {"samples": [{"hash": "4U51xHJYSyV", "uri": "/contracts/4U51xHJYSyV#maximum-liabilities", "label": "Credit Agreement (Maui Land & Pineapple Co Inc)", "score": 37.2464065708, "published": true}], "snippet_links": [{"key": "at-all-times", "type": "definition", "offset": [0, 12]}, {"key": "the-credit-facility", "type": "clause", "offset": [20, 39]}, {"key": "the-borrower", "type": "definition", "offset": [41, 53]}, {"key": "borrower-subsidiaries", "type": "definition", "offset": [60, 81]}, {"key": "day-of", "type": "clause", "offset": [239, 245]}, {"key": "fiscal-quarter", "type": "definition", "offset": [251, 265]}], "size": 2, "snippet": "At all times during the Credit Facility, the Borrower\u2019s and Borrower Subsidiaries\u2019 consolidated Maximum Liabilities shall not exceed Forty\u2011Five Million Dollars ($45,000,000.00). Maximum Liabilities shall be tested quarterly as of the last day of each fiscal quarter.", "hash": "5ef1d849e294e8258761086c91c2248e", "id": 5}, {"samples": [{"hash": "lKi9eHjnU6u", "uri": "/contracts/lKi9eHjnU6u#maximum-liabilities", "label": "Stock Purchase Agreement (Wizzard Software Corp /Co)", "score": 18.0, "published": true}], "snippet_links": [{"key": "on-closing", "type": "clause", "offset": [0, 10]}, {"key": "responsible-for", "type": "clause", "offset": [33, 48]}, {"key": "interim-liabilities", "type": "clause", "offset": [53, 72]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [86, 120]}, {"key": "indemnify-and-hold", "type": "clause", "offset": [233, 251]}, {"key": "other-event", "type": "clause", "offset": [454, 465]}, {"key": "prior-to-closing", "type": "clause", "offset": [476, 492]}, {"key": "indemnity-obligation", "type": "definition", "offset": [564, 584]}, {"key": "the-cash-payment", "type": "clause", "offset": [616, 632]}, {"key": "the-purchase-price", "type": "clause", "offset": [644, 662]}, {"key": "fraud-or-deceit", "type": "clause", "offset": [685, 700]}, {"key": "of-the-sellers", "type": "clause", "offset": [713, 727]}, {"key": "with-respect-to", "type": "clause", "offset": [806, 821]}, {"key": "covered-by", "type": "definition", "offset": [856, 866]}, {"key": "insurance-carried", "type": "clause", "offset": [867, 884]}, {"key": "date-of-closing", "type": "definition", "offset": [903, 918]}, {"key": "buyer-shall", "type": "clause", "offset": [920, 931]}, {"key": "interim-pay", "type": "clause", "offset": [950, 961]}, {"key": "debts-and-liabilities", "type": "clause", "offset": [966, 987]}, {"key": "obligations-of", "type": "clause", "offset": [1207, 1221]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1388, 1417]}, {"key": "national-bank", "type": "definition", "offset": [1484, 1497]}, {"key": "the-principal-amount", "type": "definition", "offset": [1501, 1521]}, {"key": "all-p", "type": "clause", "offset": [1632, 1637]}, {"key": "the-loan", "type": "clause", "offset": [1671, 1679]}, {"key": "liability-for", "type": "clause", "offset": [1746, 1759]}], "size": 1, "snippet": "On Closing, the Sellers shall be responsible for any Interim Liabilities not incurred in the Ordinary Course of Business of Interim; Interim shall have no more than $114,000 in Liabilities at December 31, 2004; and the Sellers shall indemnify and hold Wizzard and Interim harmless from and against any liabilities in excess of such amount or from and against any claim of any type or nature whatsoever that is based upon any act, omission, occurrence or other event occurring prior to Closing (the \"Mosher Liabilities\"). \u2587\u2587\u2587\u2587ithstanding the foregoing, the maximum indemnity obligation of Mosher is limited to \u2587\u2587% \u2587\u2587 the cash payment portion of the Purchase Price, provided there is no fraud or deceit on the part of the Sellers in this respect. Additionally, Mosher shall not have \u2587\u2587\u2587 \u2587ndemnity obligation with respect to any liability that is or would be covered by insurance carried by Interim on the date of Closing. Buyer shall undertake to make Interim pay all debts and liabilities of Interim other than the Mosher Liabilities an\u2587 \u2587\u2587\u2587\u2587l indemnify and hold Mosher harmless from \u2587\u2587\u2587 \u2587\u2587ainst any liabilities of Interim other than the Mosher Liabilities. \u2587\u2587 \u2587\u2587\u2587 event Mosher has personally \u2587\u2587\u2587\u2587\u2587nteed any obligations of Interim, Buyer shall undertake to get Mosher released from \u2587\u2587\u2587\u2587 \u2587ersonal guarantees and, if necessary, will pay any indebtedness as necessary to obtain such release. Notwithstanding the foregoing, Mosher will remain as \u2587 \u2587\u2587\u2587rantor on the 120 day loan at Hilltop National Bank in the principal amount of $250,000; provided, however, that Christopher J. Spence\u2587, \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587do\u2587 \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587 \u2587\u2587an \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587all p\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587ranty to Mosher that the loan \u2587\u2587\u2587\u2587 \u2587e paid when due and that Mosher will not incur \u2587\u2587\u2587 \u2587ersonal liability for such loan.", "hash": "03b76b0254e9a7403aaf23db4d21532f", "id": 6}, {"samples": [{"hash": "eZS1Jsy1jlp", "uri": "/contracts/eZS1Jsy1jlp#maximum-liabilities", "label": "Loan Agreement (Global Election Systems Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "ratio-of-total-liabilities-to-net-worth", "type": "clause", "offset": [11, 50]}], "size": 1, "snippet": "Borrower's ratio of Total Liabilities to Net Worth shall not exceed 1.0:1.", "hash": "75c4736baeddf0db423bfb3fbae8a5c8", "id": 7}, {"samples": [{"hash": "iapP9KGvIn0", "uri": "/contracts/iapP9KGvIn0#maximum-liabilities", "label": "Share Purchase Agreement (Carbo Ceramics Inc)", "score": 28.5674190521, "published": true}], "snippet_links": [{"key": "liability-of-the-sellers", "type": "clause", "offset": [26, 50]}, {"key": "in-respect-of", "type": "definition", "offset": [51, 64]}, {"key": "all-claims", "type": "definition", "offset": [73, 83]}, {"key": "the-purchase-price", "type": "clause", "offset": [101, 119]}, {"key": "without-prejudice-to-paragraph", "type": "clause", "offset": [126, 156]}, {"key": "warranty-claims", "type": "clause", "offset": [211, 226]}, {"key": "the-tax-warranties", "type": "definition", "offset": [288, 306]}], "size": 1, "snippet": "(i) The maximum aggregate liability of the Sellers in respect of any and all Claims shall not exceed the Purchase Price.\n(ii) Without prejudice to paragraph (i) above, the aggregate liability of the Sellers for Warranty Claims (other than in respect of any of the Critical Warranties and the Tax Warranties for which this paragraph (ii) shall not apply) shall not exceed 50% of the Purchase Price.", "hash": "23feb21d8850e28c6c873ea5b6815d53", "id": 8}, {"samples": [{"hash": "a6t1J9Jv6qX", "uri": "/contracts/a6t1J9Jv6qX#maximum-liabilities", "label": "Share Exchange Agreement (Ecologic Transportation, Inc.)", "score": 21.2203960419, "published": true}], "snippet_links": [{"key": "prior-to-closing", "type": "clause", "offset": [12, 28]}, {"key": "professional-fees", "type": "clause", "offset": [41, 58]}, {"key": "net-liabilities", "type": "definition", "offset": [85, 100]}, {"key": "net-obligations", "type": "definition", "offset": [104, 119]}, {"key": "direct-or-indirect", "type": "clause", "offset": [127, 145]}, {"key": "cash-and-cash-equivalents", "type": "clause", "offset": [240, 265]}, {"key": "in-the-aggregate", "type": "definition", "offset": [294, 310]}, {"key": "outstanding-obligation", "type": "definition", "offset": [431, 453]}, {"key": "form-of", "type": "definition", "offset": [461, 468]}, {"key": "convertible-promissory-note", "type": "clause", "offset": [471, 498]}, {"key": "terms-and-conditions-of-the", "type": "clause", "offset": [530, 557]}, {"key": "convertible-note", "type": "definition", "offset": [558, 574]}, {"key": "conversion-of-the-debt", "type": "clause", "offset": [611, 633]}, {"key": "the-common-stock", "type": "clause", "offset": [707, 723]}], "size": 1, "snippet": "Immediately prior to Closing, other than professional fees, ECOSYS will not have any net liabilities or net obligations either direct or indirect, matured or un-matured, absolute, contingent or otherwise, after taking into account ECOSYS\u2019s cash and cash equivalents and receivables, that could in the aggregate exceed $60,000 which have not been paid or discharged at that time.ECOSYS has disclosed to the AMZO boardthat it has an outstanding obligation in the form of a convertible promissory note. ECOSYS has disclosed that the terms and conditions of the Convertible Note has a provision that allows for the conversion of the debt into common stock at par $.001 which, if fully converted, would increase the Common stock by sixty million (60,000,000) shares.", "hash": "347a271a7b970715cc8d3541487b2efe", "id": 9}, {"samples": [{"hash": "5I9x43xE2ga", "uri": "/contracts/5I9x43xE2ga#maximum-liabilities", "label": "Merger Agreement (Actiga Corp)", "score": 20.0, "published": true}], "snippet_links": [{"key": "prior-to-closing", "type": "clause", "offset": [12, 28]}, {"key": "liabilities-or-obligations", "type": "clause", "offset": [55, 81]}, {"key": "direct-or-indirect", "type": "clause", "offset": [89, 107]}, {"key": "in-the-aggregate", "type": "definition", "offset": [176, 192]}], "size": 1, "snippet": "Immediately prior to Closing, Actiga will not have any liabilities or obligations either direct or indirect, matured or unmatured, absolute, contingent or otherwise that could in the aggregate exceed $40,000, which have not been paid or discharged at that time.", "hash": "e92541a67fce8f9567dafbf750dbfa52", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhxtYXhpbXVtLWxpYWJpbGl0aWVzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["affirmative-covenants", "AFFIRMATIVE COVENANTS"], ["financial-condition", "Financial Condition"], ["representations-and-warranties-of-atc-and-atc-sub", "REPRESENTATIONS AND WARRANTIES OF ATC AND ATC SUB"], ["representations-and-warranties-of-genesis-genesis-sub-and-the-genesis-preferred-shareholders", "REPRESENTATIONS AND WARRANTIES OF GENESIS, GENESIS SUB AND THE GENESIS PREFERRED SHAREHOLDERS"], ["miscellaneous", "Miscellaneous"]], "title": "Maximum Liabilities", "size": 22, "children": [], "id": "maximum-liabilities", "related": [["maximum-liability", "Maximum Liability", "Maximum Liability"], ["aggregate-liability", "Aggregate Liability", "Aggregate Liability"], ["costs-expenses-liabilities-and-obligations", "Costs, Expenses, Liabilities and Obligations", "Costs, Expenses, Liabilities and Obligations"], ["liability-for-specific-obligations", "Liability for Specific Obligations", "Liability for Specific Obligations"], ["excess-liability", "Excess Liability", "Excess Liability"]], "related_snippets": [], "updated": "2026-04-03T05:45:28+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Maximum Liabilities clause sets a cap on the total amount of financial responsibility one party may have to the other under a contract. Typically, this clause specifies a fixed dollar amount or ties the limit to the value of the contract, and it may exclude certain types of damages, such as those resulting from gross negligence or willful misconduct. Its core function is to allocate and limit risk, providing both parties with certainty about their potential exposure and helping to prevent disproportionate losses in the event of a breach or dispute."}, "json": true, "cursor": ""}}