CONTINUING LIABILITY definition

CONTINUING LIABILITY means a payment due by a debtor, other than arrears of such a payment, in respect of–
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CONTINUING LIABILITY and "Continuing Liabilities" shall have the meanings respectively assigned to them in Section 2.03 hereof.
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CONTINUING LIABILITY means any liability that commences, or that arises from facts in existence, prior to the Closing and that continues, or the facts giving rise to which continue, to exist after the Closing. Subject to clause (b), Seller is indemnifying Buyer against Continuing Liabilities to the extent arising from Seller's operation of the Business prior to Closing pursuant to Section 7.3(e), and Buyer is indemnifying Seller against Continuing Liabilities to the extent arising from Buyer's operation of the Business after Closing pursuant to Section 7.4(d).
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Examples of CONTINUING LIABILITY in a sentence

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL 6 2.1. Grant of Security Interest 6 2.2. Continuing Liability Under Collateral 7 2.3. Foreign Action 7 SECTION 3.

  • CONTINUING LIABILITY OF LESSEE FOR EXCLUDED EQUIPMENT ----------------------------------------------------- Except as provided to the contrary in this Section 2, and subject to --------- Lessee's satisfaction of each of the conditions and covenants described herein, Lessee shall not be responsible for any payment due to the Seller as required in Section 4.

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL 13 SECTION 4.

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL........

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL 36 SECTION 4.

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL 12 Section 3.

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL .....

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL.....................

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL 9 SECTION 4.

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL.......................................................................................13 SECTION 3.


More Definitions of CONTINUING LIABILITY

CONTINUING LIABILITY shall have the meaning set forth in Section 10.02(a).
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