Disputed Liability definition
Disputed Liability has the meaning given in paragraph 3 of Schedule 6;
- Home
- Dictionary
- Disputed Liability
Related to Disputed Liability
Asserted Liability has the meaning set forth in Section 9.4(a).
Related Liability with respect to any Asset means any liability existing and reflected on the Accounting Records of the Failed Bank as of Bank Closing for (i) indebtedness secured by mortgages, deeds of trust, chattel mortgages, security interests or other liens on or affecting such Asset, (ii) ad valorem taxes applicable to such Asset, and (iii) any other obligation determined by the Receiver to be directly related to such Asset.
Disputed Item has the meaning set forth in Section 2.05(b).
Disputed Items has the meaning specified in Section 2.7(c).
Stated Liabilities means the recorded liabilities (including contingent liabilities that would be recorded in accordance with GAAP) of the Borrower and its Subsidiaries taken as a whole, as of the date hereof after giving effect to the consummation of the Transactions, determined in accordance with GAAP consistently applied.