Assumed Liability definition

Assumed Liability means any one of them;

Assumed Liability or “Assumed Liabilities” has the meaning ascribed to it in Section 2.2.

Assumed Liability shall have the meaning set forth in Section 2.4.

Examples of Assumed Liability in a sentence

• Schedule P – Part 3O – Reinsurance - Nonproportional Assumed Liability .

• Contractually Assumed Liability for Complete OperationsThere shall be no recovery for any and/or all contractually assumed liabilities in respect of completed operations which would not have arisen but for the existence of the contract.

• In addition, the Parties agree to cooperate in connection with the making or filing of claims, requests for information, document retrieval and other activities in connection with any and all Claims made under insurance policies specified on Section 2.2(b)(xiii) of the Sellers’ Disclosure Schedule to the extent any such Claim relates to any Purchased Asset or Assumed Liability.

• E15 Schedule P – Part 1O – Reinsurance - Nonproportional Assumed Liability 51Schedule D – Part 6 – Section 1 .

• Notwithstanding the foregoing, such asset shall still be considered a Contributed Asset for purposes of determining whether any Liability is an Assumed Liability.

More Definitions of Assumed Liability

Assumed Liability has the meaning set forth in the Separation Agreement.

Assumed Liability has the meaning set forth in Section 1.3.

Assumed Liability is defined in Section 1.1(c).

Assumed Liability those executory obligations arising after the Closing under the Transferred Contracts which do not relate to (i) any breach of, or failure to comply with, prior to the Closing, any representation, warranty, covenant or obligation in any such Transferred Contract, (ii) any event that occurred prior to the Closing which, with or without notice, lapse of time or both, would constitute such a breach or failure, or (iii) any indemnification claim relating to any of the matters set forth in clauses (i) or (ii) of this Section 2.2. For the avoidance of doubt, neither Acquiror not any of its Affiliates shall assume Payables, which shall remain Retained Liabilities under Section 2.4.

Assumed Liability means each liability or obligation of the Company that is:

Assumed Liability those executory obligations arising after the Closing under the Transferred Contracts which do not relate to (i) any breach of, or failure to comply with, prior to the Closing, any representation, warranty, covenant or obligation in any such Transferred Contract, (ii) any event that occurred prior to the Closing which, with or without notice, lapse of time or both, would constitute such a breach or failure, or (iii) any indemnification claim relating to any of the matters set forth in clauses (i) or (ii) of this Section 2.2.

Assumed Liability means any liability to the extent arising out of or relating to the Business (including the ownership or operation thereof) or a Transferred Asset, whether any such liability arises before or after the Closing, or any Assumed HR Liability, in each case whether known or unknown, contingent or accrued, but in each case other than the Excluded Liabilities.