Common use of Shared Liability Clause in Contracts

Shared Liability. The parties agree that prior to the Effective Time, ATAPCO shall transfer to the Shared Liability Account or the Other Account $48.3 million in cash to be paid out pursuant to this Section 4.27.

Appears in 2 contracts

Sources: Reorganization Agreement (American Trading & Production Corp), Agreement and Plan of Reorganization (American Trading & Production Corp)