Parallel Liability. In this Section 11.07(b), “Corresponding Liabilities” means all present and future liabilities and contractual and non-contractual obligations of a Seller Party under or in connection with this Agreement and the other Transaction Documents, but excluding its Parallel Liability. “Parallel Liability” means a Seller Party’s undertaking pursuant to this Section 11.07(b).
Appears in 2 contracts
Sources: Funding Agreement (BridgeBio Pharma, Inc.), Funding Agreement (BridgeBio Pharma, Inc.)
Parallel Liability. In this Section 11.07(b)9.13, “Corresponding Liabilities” means all present and future liabilities and contractual and non-contractual obligations of a Seller Loan Party under or in connection with this Agreement and the other Transaction Loan Documents, but excluding its Parallel Liability. “Parallel Liability” means a Seller Loan Party’s undertaking pursuant to this Section 11.07(b)9.13.
Appears in 2 contracts
Sources: Financing Agreement (BridgeBio Pharma, Inc.), Financing Agreement (BridgeBio Pharma, Inc.)